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Is India becoming the largest gambling market in the world?

Europe is home to some of the biggest players in the gambling industry around the world. Therefore, most of the world’s largest gambling markets are located in Europe. These gamblers are not just confining the industry to Europe, they are trying to expand it around the world. As they expand their services outside Europe, India is the most targeted country.

In India, with a population of 130 crore, around 50 crore people are active internet users. Therefore, gambling capitalists can make more profits for businesses in India.

Gambling and offshore gambling are banned in India. But people can bet on horse betting and IPL (Indian Premier League). If these operators are located outside India, Indians can place any type of bet without any hindrance.

The fact that more and more people in the country are using the Internet is good news for gamblers and other entrepreneurs. While the gaming and gambling industry in India has wider scope.

In addition, the country continues to attract large foreign investment. Since 2014, the Indian gaming market has already attracted over US $350 million investments. According to the Maple Capital Advisors, India’s gaming market now stands at over 930 million US dollars.

Experts predict that the market will grow at 41 percent a year, depending on how the industry works. They expect the country to have 630 million online gamers by the end of this year and the value of the gaming market to reach $ 1.1 billion.

When it comes to gambling, there are only a handful of games in India. This casino only offers small bonuses to their players. But this is not the same in the case of online offshore casinos. Casinos that are located in Europe offers a lot of games to their players, as well as bonuses. As a result they simply find these casinos more attractive.

India is one of the most populated countries worldwide. Based on studies, by 2021, the number of internet users in India will be more than 55 percent of its population. In this case, the value of the gaming market will increase. That could be as much as 3.3 billion dollars.

Many online casino software developers are now creating games that are specifically for Indian gamers. Indian games like Andar Bahar and Teen Patti are now offered on a few European sites. This shows that gambling industry is particularly interested in the Indian gaming market. Also Betway, has already released two live casino games that are influenced by the Indian community.

Many online casino and bookmakers are now accepting Indian currency. Also the website is available in Hindi for the local users.

Indians are generally gambling lovers. They play a lot of card games. The fact that this country loves sports as much as cricket makes it a good market for sports betting. The loophole in the law regarding gambling in the country is what will make these offshore casinos and bookmakers thrive in India.

Due to all these, there is no doubt that India will be the favorite country of gambling marketers. Moreover the possibility of the country becoming one of the largest gambling markets cannot be ruled out.

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