The Future of Online Gambling in India
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The gambling industry in India has experienced positive out-turn after the outbreak of the COVID-19 pandemic and the mandatory lockdown.
The future of online gambling in India is uncertain. Some Indian states have legalized gambling activities. The participation of Indians in mobile gaming, online betting and sports betting increased. The outbreak of COVID-19 pandemic and the mandatory lockdown had positive impact on the gambling industry.
The Gaming Act of 1867 is still operational in the gambling sector of India. Land-based gambling has been legalized in some states. The government is more lenient towards games of skills than games like poker and horse betting. The changes and more acceptance of gambling in recent times indicate that the online gambling industry might have a future even in India, as shown below.
The online gambling industry has gained popularity among Indians. The population of Indians and the percentage of people joining the online servers continue to be significant because of the ease of access to the internet.
The game developers are contributing to the growth of the Indian online gambling market. Popular native games like Teen Patti, Jhandi Munda, and Andar Bahar have been adapted and developed into mobile and online games.
Technological advancement and affordable internet data are the main factors that have given rise to the future of online gambling in India. The 5G technology is the fastest broadband cellular network. Augmented reality and Virtual reality is another technological advancement that lets players enjoy the games as if they are physically present at the gaming centre.
The gambling industry in India accounts for over 15% of the world's online gambling traffic. The industry is estimated to grow by 41% by 2024. 80% in the local population participate in gambling at least once a year. Legislations that are more comprehensive and clearer might be introduced as soon as possible.
This is a partnered article. The views expressed in this article are the author’s own and not that of The News Minute.
