The rise of online casino in India

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The online casino craze is rapidly sweeping across the planet and more countries are catching the bug. Markets large and small have been frantically working out ways to introduce and promote secure and fair online casino play within their borders, with markets such as the United Kingdom, United States, and Australia leading the way in terms of online casino market size and popularity of the activity. These markets are also providing examples of how popular and more importantly, lucrative, online casino can be to a country and an economy. 

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High scalability for small businesses 

In the case of India, a country of nearly 1.5 billion people, there is a smudged canvas for any entrepreneurs looking to venture into the online casino market to work off. The reason we say smudged is that online casino has threatened to make the breakthrough in the country, but there not been the regulation put in place yet to allow it to truly thrive. And this is represented in the revenue numbers currently posted for India. A forecasted revenue of US$2.90 billion for this year is dwarfed by figures coming out of the U.S of US$24.98 billion for the same time period. 

However, this is by no means a dig at India. The figures for this calendar year, and the projected numbers up until 2029 can be seen as a positive thing and a sign of things to come once regulators manage to establish a solid framework for online casinos to operate under. Once established, the door could be opened for a new wave of entrepreneurs to build a name for themselves in an industry that is gaining traction all over the world, from the aforementioned nations to Japan, Canada, and countries all over South America. Here are five other emerging markets in the online casino industry:

  • Ontario, Canada

  • Netherlands

  • Germany

  • Brazil

  • Colombia

Plenty of Upside

The advantages provided by high-quality platforms that can offer a level of convenience unrivalled by land-based casinos is a very promising starting point for online casino visionaries. On established platforms such as Cloudbet, there is evidence of the sheer number of games a provider can offer. 

Classic casino games such as blackjack, roulette, and online slots have been transformed into an efficient, interactive digital format that brings the action right to you. The variety is extended to the bonus benefits made available by providers currently operating in the industry. All these aspects could give those interested in the industry plenty of food for thought, with the potential of online casino in India only expected to become greater.

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Plugging the security gap

One of the most significant aspects that needs to be addressed by the Ministry of Electronics and IT in India is the topic of online security. Unfortunately, the underground economy for online casino play is estimated at a staggering value of US$60 billion, which is enticing many providers to operate illegally within the country. While there are still discussions over whether to legalise games of chance, as opposed to those of skill, addressing the illegal market is a top priority for Indian regulators. 

Not only would it provide a safer environment for users but housing a healthy online casino market would also allow India to compete with other markets around the world with concrete frameworks around the playing of online casino games and all the other aspects that revolve around them such as financial transactions and data collection. There is still a way to go, but the interest within the country is highlighted by the estimated 12.17 million users. With consistent, updated, secure and coherent legislation, India could exploit the potential and accelerate the rise of online casino action in the country.

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