In today’s guide, we are going to talk about the potential of online casinos in India and what makes them become the next big investment opportunity for global entrepreneurs
Photo for representational purpose
Apart from cryptocurrencies, the medical sector, or any other popular investment opportunities, global entrepreneurs have now found a booming industry that could offer an impressive return in the future. From investing in the global gambling market to showing interest in online casinos in India, traders have realized the potential that the Indian online gambling industry possesses.
Do you know that the first-ever real money online casino was launched in 1996? Since then the global gambling market has flourished every year and is anticipated to be worth more than $95 billion by 2025. In today’s guide, we are going to talk about the potential of online casinos in India and what makes them become the next big investment opportunity for global entrepreneurs.
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The industry is already supported by some reputed and big players like Alibaba, Nazara, Tencent, etc. The investment made by these notable sponsors and supporters has given more credibility to online casinos in India.
What Makes Online Casinos In India A Great Investment Opportunity?
People always ask that could online gambling be an excellent investment? Yes, absolutely! Whether it’s in India or any other country, web-based casinos have always managed to thrive and become one of the progressive business sectors out there.
In this era of digital India, the online casino industry is also going to contribute to businesses like resorts and restaurants. Investment in online casinos in India is definitely beneficial for a number of people associated with it.
After doing a fair amount of research, we have enlisted the factors that make online casinos in India unique from other businesses. Let’s find out.
Population Of India
Global entrepreneurs see a huge potential in the country with a population of around 1.4 billion. Also when it comes to the history of gambling, India surely is second to none. Whether it is enjoying Teen Patti or experiencing the thrill & entertainment of IPL betting, many Indians prefer gambling as a pleasurable activity. Now the unnecessary hurdle here is related to the legality of online casinos in India.
Will India ever legalize online gambling? As we all know that the gambling activities in India increase during festivities like Diwali and Holi, there’s a possibility that even if the government bans online gambling, people will still find a way to gamble.
There’s also a possibility that India will legalize online gambling as it can make a significant part of the budget. Aside from that, currently, the youth of India has an interest in digital gaming and sports. Hence most online casinos in India are focussing on youth’s interests.
Everyone Has A Smartphone
Technology has certainly made our lives easier. The exponential growth that the online gambling market in India is showing is because everyone can access online casinos with just an internet connection and mobile.
Recently launched live casino, FairPlay partnered with Sunil Naraine. FairPlay believes Mobile Casinos are the future of all kinds of legal gambling activities in India.
The introduction of smartphones has encouraged gaming developers to create casino games suitable for Androids, iOS, computers, etc. People can gamble online from anywhere with their smartphones.
Future Of Gambling Industry In India
The growth in technology and the introduction of virtual reality are slowly and steadily revolutionizing the online gambling industry in India. With the addition of new features and games, current players will probably stick and new ones will be attracted. The stability of players shows that the online gambling industry could be the next big investment opportunity.
Reliable Opportunity For Growth
Many investors have shied away from assets that are always associated with risk. However, the credibility and reliability that some of the online casino businesses have shown are gaining popularity among investors.
Casino businesses with an established and transparent track record are the reason traders are seeing a future in this industry. Moreover, there are some other factors too which represent the gambling industry as a lucrative opportunity.
Some Notable Global Investors In Indian Gambling Market
● Global giants like Alibaba and SoftBank Group are investing in the Indian gaming market and this has surely attracted other investors as well. One such joint venture is the Paytm First Games app that offers 200+ real money games. Another one is Gamepind that promotes popular sports games. Both of these are joint ventures of Paytm and Alibaba’s lottery subsidiary AGTech Holdings Ltd. and are doing well in and outside of India.
● Youzu Interactive, a China-based gaming business has also entered the Indian market by launching several local Indian casual strategy games in 2017. The company has introduced online casinos, cricket, mid-and hardcore strategy games into the Indian gambling market.
● Major other foreign businesses such as; Ubisoft from France and Rockstar Games from America have also developed an interest in online casinos in India. Did you know that India's mobile gaming market is worth $214 million? Multiple foreign investors have partnered with Indian companies and launched apps ranging from gaming to gambling.
● Affiliate Businesses which are big in European countries like Sweden are also big in India. Swedish Entrepreneur Erik Johnsson has partnered with India’s Dinesh Nori to invest in casinofox.in and promote online casinos in India.
Online Gambling Market In India
If we talk about the laws regulating gambling in India then most of these laws are from the colonial era. This means there's no law that stops foreign gambling companies from serving Indian players online. Indians can also get access to these platforms without violating any law.
Young people of India consider online gambling a better activity than just watching movies. This second-largest online market of India with exponential growth in the gambling industry is probably an excellent opportunity for global entrepreneurs. With over 500 million active internet users, online casinos in India bear the potential to revolutionize the gambling industry.
Casino companies also take care of catering the best possible services to Indian gamblers. From optimizing sites for mobile devices to accepting a wide range of deposit methods, foreign casino companies let the customers enjoy casino games anywhere they want. Moreover, the opportunity to make money which these casino sites provide is winning the hearts of players.
There are a number of online casinos and gambling platforms that are looking for new investors to help them grow. Also, investors can start their own online casinos from scratch and grow in this booming gambling industry.
For an investor, the online gambling industry in India is surely an excellent opportunity but they also need to be aware of investing scams and frauds. We know that all investments require some risk in one way or another. So, the best strategy should be to invest in the industry where you see potential to grow.
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