The mobile app casino gambling industry in India is growing rapidly. According to a report by KPMG, the industry is expected to grow at a compound annual growth rate (CAGR) of 30% between 2018 and 2023. This growth is being driven by the increasing penetration of smartphones and the availability of high-speed internet connectivity.
The report also states that there are currently about 50 million active online gamblers in India. This number is expected to grow to about 60 million by 2023. The majority of these gamblers are young adults aged 18-35 and they explore casinodays here, to find their suitable online casino.
Now, let’s explore the reasons why this is so!
The main reasons mobile app casino gambling industry in India growing
Now, let’s explore why this industry is growing exponentially in India!
The first reason the mobile app casino gambling industry in India is growing is that it offers a wide range of games, including slots, poker, blackjack, roulette, and baccarat. These games are offered by a number of different operators, both domestic and international.
The Indian government has taken a number of steps to regulate the mobile app casino gambling industry. In 2017, the government issued guidelines that restricted the amount of money that could be wagered on a single game. The government has also proposed a ban on credit cards for online gambling purposes.
The benefits of mobile app casino gambling for Indian players
There are a handful of benefits of mobile app casino gambling for Indian players. One of the main benefits is that players can gamble from anywhere they have an internet connection and a mobile device (on the go), which is perfect for those who do not have a lot of time to sit down and play at a traditional casino.
Another benefit of mobile app casino gambling is that it offers players a wider range of games to choose from. This great selection of games gives players a much better chance of finding the perfect game for them.
Finally, mobile app casino gambling is also much safer than traditional gambling. With mobile app gambling, all of your information is stored on your own device, so you do not have to worry about anyone else getting access to it.
The challenges faced by the mobile app casino gambling industry in India
And for the closing part of this article, we’ll tackle the issue of drawbacks regarding the casino app gambling industry in India. The first and most significant challenge is the lack of a regulatory framework, as mentioned in the first part of this text.
There is also the challenge of competition from other forms of gambling, such as sports betting and lotteries. These games have been legalized in many states in India, and they offer better odds than casino games. However, it makes it difficult for casino apps to compete.