The Increase of Gaming and Online Gambling in India

Oct 13 2020 10:30 AM
The Increase of Gaming and Online Gambling in India

With the advancement of technology, there have been numerous changes in the habits of internet users, most notably in the field of gaming and online gambling. This is supported by the fact that year in year out, the gross income from online gambling in the world has drastically increased.

There is also a growing number of gaming companies in India, even though the market is relatively young. Over 600 million gamers from India visit different online gaming sites daily, according to some statistical reports. While men mostly choose shooters and sports games, women in India show more interest in strategy and adventure games.

According to statista.com, the market value of India’s gaming industry was around 62 billion Indian rupees in 2019, estimated to go up to over 250 billion rupees by the year 2024. In times of coronavirus pandemic, when people are losing their jobs and the economic situation all over the world is extremely problematic, 40 thousand new job opportunities in the gaming industry are expected to be open in India by 2022. Luckily, online working environments, as well as online entertainment are accessible for many people. Mobile users in India exceed the number of computer users.

Year

Value in billion Indian rupees

2007

₹4Bn

2008

₹7Bn

2009

₹8Bn

2010

₹10Bn

2011

₹13Bn

2013

₹15.3Bn

2014

₹19.2Bn

2015

₹23.5Bn

2016

₹24.5Bn

2017

₹27.6Bn

2018

₹32.4Bn

2019

₹43.8Bn

2020*

₹87.8Bn

2021*

₹118.5Bn

2022*

₹154Bn

2023*

₹200.2Bn

2024*

₹250.3Bn

 

*Forecast numbers

The online gambling world has an advantage over real-life gambling, which is not a surprise since it is still unknown how long the restriction measures due to the Covid-19  pandemic will last. The most popular field in gambling is definitely esports, especially fantasy sports like cricket. Playing fantasy cricket as well as placing bets on different matches are very popular entertainment activities in this country. Betting and other types of online casino games are not unknown to them – contrary, they were always parts of Indian culture and tradition. Nevertheless, there is a grey area when it comes to betting with real money in online casinos due to the lack of laws. That’s the reason why Indian people often visit online gambling guides and directories. Sites like justgamblers.com offer information on regulations, and they stress out the importance of verifying the casino’s licence and experience.

Many foreign investors see the potential the Indian gaming market has to offer. With over a billion people and over 200 million users of mobile games, this is obviously the “fertile soil” for investors. Some of them are Nazara Technologies, Baazi Games, PayTM and Alibaba Group’s Hong Kong, Youzu Interactive, etc. If they continue to invest in this rapidly-growing industry, the numbers may even exceed all the expectations.

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