The Indian Casino Market is no doubt growing strongly, especially through the mobile space. Even as gambling is still being frowned upon in different parts of the country, a large percentage of the Indian population loves gambling.
Many more investors are putting in their funds to tap the benefits of the booming market. However, there is still a lot of space to fill in the market. New investors who see and recognize these opportunities can take advantage of them and make a name for themselves in the market. Keep reading this article to get more insight into the Indian casino market and also find opportunities to take if you’re willing to join the market.
Legal Status
The main law that regulates gambling in the country is the Public Gambling Act of 1867. Even though states are allowed to make local laws regarding gambling, it is still considered illegal in many states. Except for states like Goa and Sikkim where you can find land-based casinos, only a few other states permit lotteries. Other states do not permit any form of gambling.
Gambling is however treated somewhat differently in India. The law regards only games of chance as gambling. Games of skill like Rummy are not considered as gambling by the law as their outcomes do not depend solely on luck. Games like Roulette which are pure games of chance are considered illegal in India.
However, many Indians are still playing Roulette and other games of chance through the online casinos. Online casinos are not affected by the law as they are not based in India.
Market Value
The online gambling market in India is thriving well, with many factors making it work. It is currently estimated to worth US 60 billion yearly with the casino market being a major contributor. The number of players is increasing yearly and so is the revenue. The casino market is expected to rise by 400% next decade.
High-Converting Games
Indians have always loved traditional card games and this love is still seen today. Even at online casinos, Indians prefer card games. Games like Teen Patti and Andar Bahar are highly converting. Online Teen Patti is the most popular card game you will find. Teen Patti converts higher on casinos than all others. Even though it is considered illegal, it is also played in homes for fun and many gambling halls.
However, not so many casinos offer these games yet. Only a few of them do, either as virtual or live dealer format. Live dealer games are the best performing games. The availability of a real dealer and other real players make people go for the live versions.
However, Indians also play other casino games like Rummy, Roulette, and Blackjack. But the demand for Indian card games is far higher.
Popular Payment Methods
Online casino sites should make payment methods simple and easy. Many are using popular methods and providing many options. With the many options available, players can choose the most convenient method.
The popular payment methods found at online casinos include Ewallets (Neteller & Skrill), prepaid cards(AstroPay), Visa & Mastercards, and Unified Payments Interface (UPI) such as PhonePe and Google Play. Most of these methods do not request players to go through Indian banks.
Conclusion
To be successful in the Indian casino market, you have to suit the players’ needs. You also need to feature the exact kind of games they like. Thus, make sure you include high converting games like Teen Patti and Live casinos. Also, ensure you have popular Ewallets available.
