The Indian gambling market is considered one of the most profitable in the long-term perspective on the international stage. The segment boasts a highly developed IT sphere, large active users, and local, trendy sport. Unfortunately, international companies are wary of entering the Indian sector at this stage due to the lack of proper government regulation. But the situation is expected to change shortly, especially if we consider the popularity of online gambling in the country.
What Makes Indians Play?
The thing is that online casinos have become very popular in India. Gambling on the Internet became especially relevant during the coronavirus pandemic when it became impossible to visit land-based gambling establishments freely. However, this is not the only reason that makes online gambling so attractive for residents of India. Here are some other good things to consider.
#1 - Access to Gambling Entertainment
The main advantage is the ability to play at any time of the day and anywhere. Thus, you can play Rooster Fury nz at home, on a walk, in transport. You only need two things to start the game - a gadget (computer, tablet, smartphone) and network access. Online gambling is convenient and safe.
To visit a land-based casino, you need to get to a specific point on the map and spend a lot of time instead of starting the game right away. In addition, land-based casinos are overcrowded with people who often do not maintain social distance and do not use personal protective equipment. Not many casinos are open 24 hours a day, so if you are reluctant to play at night or early in the morning, you will have to wait. This will not be the case with online gambling; you are free to choose your “fun hours.”
#2 - Game Range
Online casinos offer an incredible variety of gambling entertainment and are famous for their huge selection of slots. Most online gambling operators offer their players more than 1,400 slot machines. The range is constantly updated - new and modern games appear almost every day. Therefore, even the most demanding user will be able to choose the perfect entertainment option. Besides that, online casinos provide the opportunity to test games in a demo mode with virtual money before making real bets. This condition is valid for most slots, so you can choose and test as many games as you want until you are sure about your skills.
No matter how big the land-based casino is, the choice of entertainment is always limited there - a few gaming tables and a couple of dozen slot machines will be at your disposal. In addition, assortment updates are rare, so you have to limit yourself to outdated games. You will not be able to test slot machines or table games in a real casino. To start the game, you need to pay and place a bet.
#3 - Promotions and Bonus Programs
Online casinos always offer additional opportunities for all players, even newly registered ones. These cash bonuses can be spent on bets, free spins, cashback from investments, and many other incentives. The administration of the land-based casino may offer such promotional offers only in certain cases for regular customers of the institution.
As you can see, there is quite a lot that online gamblers in India may adore. It is no wonder that the market value of India's gambling industry was around Rs 62 billion ($845.5 million) in 2019. By 2024, the amount will grow to $3.4 billion. The online segment is attractive because it has the largest number of young people globally in terms of density. However, providers often face harsh regulations, government investigations, and lawsuits due to the lack of a progressive regulatory framework.
The Supreme Court of India has repeatedly noted that gambling laws in various states do not apply to games where skill prevails over luck. Local laws protect skill games in most states. The courts themselves are pushing the state governments to update the regulatory framework. Because of the tricky litigation, there is a widespread consensus. Locals highlight that special attention should be taken to create awareness and laying the groundwork for responsible and legitimate gaming. This can only be achieved through discussion and consultation with stakeholders, not a ban.