India’s gambling industry predicted to grow by 41% by 2024. Here’s why?

The latest news is that India’s online betting industry has bombarded the worldwide online casino industry by increasing its value to $930 million. With the second-highest internet users worldwide, India will likely see unprecedented growth in the online gambling industry in the coming years.

Sikkim has legalized online gambling.

Like many other countries in the world, India too has shady rules regarding online gambling. India lacks robust federal laws when it comes to gambling which immediately gives the power to the state to form their own gambling rules.

sikkim gambling laws

It is because of rules like these Sikkim has legalized online gambling. Sikkim has allowed online sports betting, table games, keno. In 2015 Playwin was the first online casino to get a legal betting license from Sikkim.

That said, the government will not prosecute you if you place bets on online casinos. Therefore, play responsibly at the online casinos that are genuine and allow Indian players to place bets.

Reasons for the popularity of online casinos in India in 2021

There are reasons responsible for the staggering growth of online casinos in India. Here are some of the reasons.

  • The COVID-19 effect

This is one of the most prominent reasons why Indians shifted their focus on online casinos. First of all, during the lockdown, people wanted to do something in their free time. If you think about it, placing bets online is one of the best things to do when you are sitting ideally, and also, there is a chance of winning some cash. Entertainment + winning money looks like a deadly combination.

  • Increase in the popularity of mobile games

The improvement in the use of mobile and entertaining features have led to the popularity of casino games. Now everyone from a child to older people all loves to play from their mobile devices. In addition, the advent of technology has allowed mobile users to enjoy the thrill of playing at online casinos.

  • Amazing bonuses

The bonuses provided by online casinos are higher than the land-based casinos. They not only give you the real-time feeling of betting at a motor and brick casino but also they provide amazing bonuses. Some online casinos also give welcome bonuses up to 1 Lakh rupees and weekly prizes.

  • Flexibility of time

From online casinos, you can bet from anywhere and at any time in the world. With land-based casinos, you will only be able to bet on a fixed day and for a specified time, but with online casinos, you can wager from the comfort of your house.

  • Payment flexibility

With the upsurge in payment methods like UPI, net banking, bank to a bank transfer, digital wallets, cryptocurrencies, there are many possibilities to place bets. You have limited payment options at land-based casinos, but at online casinos, you can enjoy different payment options.

  • The Internet is easily accessible

The internet is easily accessible to all the people in India. In addition, mobile data is now widely available to people from all walks of life, thanks to the telecom companies offering reasonable prices.

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