Online casinos remain a hot topic in India. This is due to the massive potential for both economic and social growth it holds if the country creates the correct regulatory and support systems within the coming months. There is a ton of back and forth between lawmakers and lobbyists. However, let’s look at the positive potential of how India can develop into an online casino juggernaut.
It is a well-known fact that India boasts the world’s largest population, only second to China. However, it is not merely the 1.3 billion people that make up the population of India that makes it an interesting market for online casinos, such as the best online casino in the UK or new start-ups within the country. It is the potential within these numbers.
For example, 300 million Indians have smartphones, which on its own is more than double the population of Japan. The market still has the potential for 1 billion more people to gain access to a smartphone and, by extension, online and mobile casinos.
Exciting New Games
Indian culture has a long and rich storied history of unique and fun gambling games that stretches back hundreds of years. One such game is Teen Patti, which, when translated into English, means Three Cards. India even has its very own kind of Rummy.
These are all games that can be introduced not only into a budding online Indian market but breathe fresh air into international online casinos as well. India also has a deeply passionate relationship with betting on cricket and holds the potential to overthrow football as the world’s most popular sport in both views and betting preference.
Social and Economic Growth
Another large factor is the substantial economic and social growth that casinos as a whole can bring into the subcontinent country. It has been widely reported that India loses roughly $1.3 billion to $1.4 billion annually due to the lack of regulatory bodies in India. However, governmental growth is not all that online casinos can bring to India.
If start-ups are incentivised, or international casinos are allowed to establish headquarters for development and customer support or even brick-and-mortar casinos, India can have millions of jobs created in multiple fields, from IT infrastructure and software development to tourism and hospitality, which would all add up into a thriving economy for the country.
As you can see, there is a catalogue of reasons why India is fast becoming the place to be for online casinos, from the nearly limitless growth potential to the new and exciting influences the Indian market can bring to an international audience.India has become and continues to be a coveted market for online casinos in spite of the grey to non-existent Indian gambling regulations within the country. We can only hope that the tenuous discussions happening in the Indian parliament can come to a swift and positive end.