The India online gambling market estimated to grow over a significant CAGR of 21.93% during the forecast period of 2027. The key factors are the increasing availability of cost-effective mobile applications across the country. Further, the mounting awareness of the latest technologies, increasing per-capita income, and improvements in the living conditions will spur the India online gambling market size in the upcoming period. Additionally, the high adoption rate of mobile phones and tablets across the country and the rapid growth in technology and shifting of consumer's casino preference towards online are projected to fuel the growth of India online gambling in the coming years. Also, the growing use of the internet, the growth rate of online casinos, growing awareness of the latest technologies, and swelling disposable income among the population will positively impact the online gambling market in the forecast period.
Moreover, the upsurge in penetration of Internet-based devices and trust in betting through online payment mode will accelerate the India online gambling market share in the estimated period. Furthermore, the swelling development of new technologies such as virtual reality and blockchain to ensure transparency in gambling activities along with providing enhanced user experience are projected to trigger the expansion of the market during the analysis period. The various states of India legalized online gambling since it offers a high rate of employment and helps in revenue generation. For example, Sikkim and Goa have legalized online gambling. Furthermore, the increasing number of internet users, growing urbanization, the rising standard of living, and the swelling spending capability of the customer will fuel the growth of India's online gambling market.
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Gaming Type Overview in the India Online gambling Market
Based on the gaming type, the India online gambling market classified into Sports Betting (Football, Horse Racing, E-sports, and Other Sports), Bingo (Classic Lotto, 75 balls and 90 balls), Lottery, Matka Satta and Casino (Live Casino, Baccarat, Blackjack, Poker, Slots, and Others). Sports Betting will be the fastest-growing segment in the forecast period. It is attributable to the growing interest of the masses towards sports betting, live-action betting, and fixed-odds betting.
The Casino captured the significant market share in 2019 as it offers higher payback percentage and better odds of winning to its players, welcome bonuses, cashback or insurance bonuses, non-cashable bonuses, referral bonuses, compensatory points, and no deposit bonuses.
Device Type Overview in the India Online gambling market
Based on the device type, the India online gambling market segregated into the desktop, tab, and mobile. The mobile held for the highest revenue in 2019 due to substantial availability smartphones with high-end features such as reasonable prices, improved graphics, and extended storage capacity. Mobile and tablet provide various benefits to players such as augmented loyalty points, deposit options, and options to play with other players located anywhere across the globe.
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Regional Overview in the India Online gambling Market
Based on geography, the India online gambling market segmented into North India, South India, West India, and East India. North India accounted for maximum revenue share in 2019 based on the shifting of the young population towards online gambling and betting and the surge in the number of participants in online gambling and betting site in the region.
India Online gambling Market: Competitive Landscape
Companies such as Genesis Casino, LeoVegas AB, Royal Panda Casino, Betway Casino, 10Cric Casino, Pure Casino, Rizk Casino, 22Bet, Lucky Days Casino, Casoola City Casino, Sevenjackpots, Spin Casino, Jackpot City Casino, ComeOn, and Playzee.
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research MethodologyExecutive Summary
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Market Insights
- Economic Factor AnalysisTechnological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- COVID-19 Impact on India online gambling market
- Gaming Type
- Sport Betting
- Horse Racing
- Other Sports
- Classic (Lotto)
- 75 ball
- 90 ball
- Live Casino
- Teen Patti
- Matka Satta
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