India Online Gambling and Betting Market: Prospects, Trends analysis, Market Size and Forecasts up to 2024

The country research report on India online gambling and betting market is a customer intelligence and competitive study of the India market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the India market. Also, factors that are driving and restraining the online gambling and betting market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of online gambling and betting market in India.

Market Insight

All bets practices that are done using the internet are referred to as online betting and gambling. That's possible because the betting industry, which was very conventional before and to bet one had to go straight to the casinos, as they extended their business to the internet as a way to make more profit and make it easier for people who love betting to live. Although gambling has an uncertain outcome it is one of the major international commercial activities. The online gambling industry is rapidly growing all over the globe. It is becoming more popular owing to the technological advances that made it easier and safer. Since bettors can easily position their bets from the comfort of their own home and with any computer that can link to the internet, the gambling industry has expanded and changed as a result of technology. Nowadays, online betting is very common because bettors can easily place their bets from the comfort of their own home and with any device that can connect to the internet.

India Online gambling and betting market is unlikely to be affect by the impact of the COVID 19 pandemic. As the coronavirus pandemic leads to lockdowns across the country and major sporting events are being called off, sports betting companies have experienced decreases in revenue and minor dips in sports betting, but an overall jump in earnings from other online gambling sites. Moreover, people with more free time, are now playing such games on mobile phones as an entertainment to keep the COVID-19 anxiety at bay. However, the sports betting industry dependent on real sports events, has dropped to almost zero although the segment had witnessed a whopping over 100% growth in its revenue last year. People are adopting online gambling and betting activities as a mode of entertainment and to keep them occupied.

According to the Internet and Mobile Association of India (IAMAI), the country had 451 million monthly active internet users at end of financial year 2019 and is now second only to China in terms of internet users. The rising smartphone penetration and inexpensive mobile data are the key factors behind India's explosive internet growth. The rise in connectivity and changing consumption patterns will also propel the prospect of the online gambling and betting industry in India. One of the critical aspects that make India a lucrative spot for online gambling and betting is the size of its population. An emerging middle class coupled with growing number of smartphone users will lead to a significant surge in the number of individuals engaged in online gambling and betting. All these things are driving the market. However the cyber security threats such as hijacking of user accounts are expected to restrain the market. The AI and Big Data introduction in the online gambling and betting market will make way for new opportunities for the market. As in the gambling industry, data is vital and big data is transforming online gambling in several ways.

Segments Covered

The report on India online gambling and betting market provides a detailed analysis of segments in the market based on game type, and device type.

Segmentation based on Game Type

·        Poker

·        Casino

·        Sports Betting

·        Social Gaming

·        Lottery

·        Bingo

·        Others

Segmentation based on Device Type

·        Mobile

·        Desktop

Highlights of the report

The report provides detailed insights into:

 1) Demand and supply conditions of online gambling and betting market

 2) Factor affecting the online gambling and betting market in the short run and the long run

 3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

 4) Key trends and future prospects

 5) Leading companies operating in online gambling and betting market and their competitive position in India

 6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (India) online gambling and betting market

 7) IGR Matrix: to position the product types

 8) Market estimates up to 2024

 The report answers questions such as:

 1) What is the market size of online gambling and betting market in India?

 2) What are the factors that affect the growth in online gambling and betting market over the forecast period?

 3) What is the competitive position in India online gambling and betting market?

 4) What are the opportunities in India online gambling and betting market?

 5) What are the modes of entering India online gambling and betting market?