iGaming Platforms with Unprecedented Growth in India

India is a country that, at present, is seeing rapid growth in innovation and technology. With a relatively young population, it is on target to bypass China’s and become the largest in the world. This young populace has become a lucrative target for many different industries. One such industry is iGaming. This has become absolutely huge in India. Of course, it’s no secret that land-based casinos and other forms of in-person gambling are indeed strictly forbidden in India. However, this legislation doesn’t go as far as to cover or prohibit online gambling. The Supreme Court in India has officially mentioned that skill-based games are indeed lawful, with those that don’t require a level of skill frequently being decided on a case-by-case basis.

An emerging sector

As mentioned already, due to the size and demographics of India’s population, it’s no secret that it’s on its way to becoming the biggest iGaming market in the world. And so today we’re going to have a much closer look at some of the biggest iGaming platforms that are currently present within India, the size of these platforms and the future potential of these platforms themselves. iGaming’s growth in India has been phenomenal in the past 4 years or so.

 Amongst the huge population of India, there’s estimated to be over 500 million online gamers, whether this is iGaming in online casinos or playing online games either on PC’s or on gaming platforms. There are also many online websites within the iGaming industry already established in India. If you want to experience online betting, you can go to 10CRIC official website today.

A country that loves games of skill

Another reason why iGaming has become so popular in India is that it attracts those who like online games that offer both aspects of skill and chance. The first online games that emerged on the iGaming market were those that the population was familiar with. These were typically casino classics such as poker, roulette, or blackjack. This was indeed the right strategy and approach to introduce iGaming to a relatively new population. This then laid the foundations for a huge digital overhaul of the iGaming industry. Bringing a fresh, sleek, and modern look to online gaming for the Indian population and presenting a much more immersive and enjoyable experience.

Contributing to economic growth

iGaming’s industry has become so entwined with such a magnitude of growth that a lot are speculating that it is going to be a considerable contributor towards the country's target of being a 5-trillion-dollar economy by the year 2025. The iGaming industry within India is part of a wider growth of the entertainment industry; its influence and culture are spreading beyond India’s borders and having a wider and more impactful attraction. Its economy has recently been termed developed, and this development has meant that its combined iGaming and Gaming industries have surpassed that of many other neighbouring and developed countries.

Year-on-year growth in the industry

Looking more specifically at the iGaming industry in India, it’s been reported that the industry itself is experiencing around 30% growth annually as smartphone adoption in the country surges alongside a population boom. However, with such a vast population and a growing iGaming industry, this hasn’t been without controversy, as more and more people are reporting that they’re starting to suffer from gambling addictions and betting more than they can afford, which has brought on pressure for more responsible gaming and support tools to be made available to those who have raised concerns about their online gambling activity.

Establishing a robust framework

This surge in popularity of gambling has also led to pressure on the Indian government to make the lines clearer between betting money on skill-based games online and those that are purely online gambling with no level of skill involved whatsoever in proceedings. Those who should be permitted should meet the requirements that the level of skill required should outweigh and outbalance that of chance. And so the desired approach is to support this growth alongside customer services, other support options, and development within technical teams within the iGaming sector in India.

Urban hubs of iGaming activity

Studies have also found that the number of people playing at online iGaming casino sites was mainly concentrated around the urban hubs within India; some notable ones include Delhi and Mumbai. Due to the legislation that we've already mentioned within India, the iGaming sites indeed come from outside of the country itself. However, accessing these iGaming sites if you’re an Indian citizen isn’t prohibited. Some of these platforms, however, and the lack of security around them have been causing issues.

Security concerns in iGaming

For example, a lot of people who enjoy playing iGaming in India have frequently expressed concerns and reported instances of identity theft and issues with online transactions. This is why, in turn, there have been suggestions towards the country's iGaming culture pivoting towards crypto due to the security benefits that the blockchain protocol that underlines and underpins crypto offers. And some have advised that if the country had a more robust and clear legal framework surrounding iGaming and online gambling, it would help in establishing a better security framework as a result and also ensuring that all online casinos and iGaming websites are licensed and regulated so as to ensure a fair online gambling and betting experience.

In Summary

The platforms that are currently in the iGaming industry within India are certainly in a good place. Over the rest of the decade, we are anticipating that it will become one of the biggest industries in the world in its respective sector. What will be interesting to see is, as part of its commitment to the country's economic targets, if there will be any legislation passed or framework erected that helps support the growth of the iGaming industry with moderation and regulation to ensure a fair and transparent online gaming experience for all of those within India.