India Online Gambling Market Size, Growth, & Research Report 2024-32

India Online Gambling Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 8.10% (2024-2032)

The widespread availability of affordable smartphones and the increasing penetration of high-speed internet are making online gambling accessible to a broader segment of the population. According to IMARC Group, India online gambling market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.49 Billion by 2032, exhibiting a growth rate (CAGR) of 8.10% during 2024-2032. 

India Online Gambling Industry Trends and Drivers:

The rapid digitization is encouraging more people to explore online platforms in India. This trend is supported by the growing familiarity and comfort with digital transactions, leading to a seamless experience for users. Moreover, more people are seeking engaging and interactive forms of entertainment, which is leading to the popularity of online gambling. The convenience of accessing a variety of gambling options from the comfort of home is appealing to a diverse demographic. This trend is complemented by the rising sophistication of online platforms, which are offering enhanced user experiences through immersive graphics, real-time interactions, and personalized features. In addition, the positive stance of certain states towards legalizing and regulating online gambling is positively influencing the market. This regulatory clarity is attracting both domestic and international operators to invest in India. The potential for revenue generation through taxation and licensing is also encouraging the government to consider a more formalized structure for online gambling, which is resulting in a more organized and secure market.

Apart from this, the integration of artificial intelligence (AI), blockchain technology, and data analytics is enabling operators to offer more secure, transparent, and user-friendly platforms. These technologies are enhancing the overall user experience by providing tailored recommendations, ensuring fair play, and safeguarding user data. The adoption of advanced payment gateways is also simplifying transactions, making it easier for users to deposit and withdraw funds securely. Furthermore, the rise of social gaming and the blurring lines between online gaming and gambling are creating new opportunities for market expansion. The growing popularity of skill-based games, which combine elements of strategy and chance, is attracting a wider audience to online gambling platforms. The gamification of gambling experiences is also assisting operators retain users by offering rewards, loyalty programs, and engaging challenges that keep players invested in the platform.

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India Online Gambling Industry Segmentation:

The report has segmented the market into the following categories:

Game Type Insights:

• Sports Betting
  • Football
  • Horse Racing
  • E-Sports
  • Others
• Casino
  • Live Casino
  • Baccarat
  • Blackjack
  • Poker
  • Slots
  • Others
• Others

Device Insights:

• Desktop
• Mobile
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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