The casino industry in India has grown at a rate comparable to an exponential curve over the last ten years. Casinos like Genesis Casino and Pure Casino, which are relatively new entrants into the market, are focusing their attention on the younger demographic by providing irresistible content and promotions.
Some well-known ones, such as LeoVegas, are also investing heavily in order to not only attract new punters but also retain their existing ones. They have been doing this for quite some time.
There are a variety of explanations for the meteoric rise in the number of casinos and online gambling platforms in India.
There has been significant expansion in “Real Money” gaming and online gaming overall.
According to a report that was put out by KPMG, online gaming has been a rapidly developing industry in India over the course of the most recent few years. As a result of the Covid-19 lockdowns, the demand for online services and shopping has increased significantly.
Playing video games and streaming content online has become commonplace among Indians as a result of increased availability of high-speed internet at affordable prices. On social media platforms, users regularly send one another links to videos and other forms of multimedia content.
The Real Money Gaming (RMG) sector has also expanded, shifting its focus from card games to fantasy sports in recent years. The massive media campaigns that Dream11 and My11circle have been running have caused the fantasy sports market to experience a surge in interest. According to data provided by FICCI-EY, the value of fantasy sports could reach $2.5 billion this year, and with the rapid expansion of its user-base, it is anticipated that it will reach $3.7 billion by 2024. For the fiscal year 2020, Dream11 reported a revenue of Rs. 2070 crore.
We asked Thomas Wolf, Head of Content at Online.Casino India, to provide us with a list of the primary factors driving India’s expanding casino sector. His top three are as follows:
Thomas Wolf is in charge of the content on Online.Casino
A sizable customer base for casinos
After China, India has the world’s second-largest population. This shows that India’s population of over 560 million internet users provides a tremendous platform for the growth of casinos in India.
Indeed, online gambling forecasts predict that an increasing number of casinos will launch new platforms offering gamblers the same deals that are available in their physical casinos. As a result, the people of India are looking forward to participating in these platforms with less concern for their safety. CasinoX8 is an excellent example of one of these types of online casinos.
A thriving information technology sector
Currently, there are 275 online development companies operating in India. When compared to the 25 active in 2010, this represents a significant increase.
The national government ensures that these casinos always operate within the law and meet all fairness standards. A number of casinos, such as CasinoX8, provide information about their gambling licenses; as a result, an increased number of customers visit the establishment.
Increased use of mobile devices for gambling
Gambling is now more accessible than it has ever been. This phenomenon is due to the ever-improving technology of mobile phones.
Casinos are now investing large sums of money to ensure that online gamblers have access to the majority of the benefits available to punters who visit their physical locations. When compared to casinos that avoid all online platforms, those that have made significant financial investments in these platforms generate far more revenue than their competitors.