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It’s estimated that nearly 40% of internet users are currently involved in some form of online gambling. To that end, India is considered one of the biggest emerging online gambling markets in the world. The country’s growing population, internet penetration, and access to mobile devices have also given a major boost to the online gambling industry in the country.

As an emerging market, India has been able to keep up with the global trends and shifts in the international online gambling industry. As technology improves, the players can now play in online casinos using Indian rupees. In addition to this, the local industry is constantly innovating and evolving. Are you interested in learning more about the recent developments in the Indian online gambling industry?

Here’s a lowdown on everything that happened in the last few years and a prediction of what the future holds.

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    Ban on Online Gambling Industry in Karnataka

    The Indian state of Karnataka is home to some of the biggest tech companies in the world. In fact Bangalore is considered the silicon valley of South East Asia. The industry has attracted huge investments as the online gaming industry in India becomes even bigger. Currently, this state accounts for 15% of the total Indian online gambling market.

    In late September 2021, Karnataka posed a ban on online games that involve risking money. Previously the ban only included games of chance, but now it also includes games of skill. Tech companies are collectively petitioning against the ban and are hopeful it’ll be lifted. Another expected outcome of this ban is that Bengaluru may also start losing internet companies as well.

    In addition to Karnataka, the following states have also banned online gambling: Andhra Pradesh, Telengana, Tamil Nadu and Kerala.

    More Secure Online Payment Options

    The Indian tech market has exploded and seen immense growth. Many of these developments happened in the Fintech area as more payment options and methods have emerged. Many local companies have developed secure and reliable e-Wallets that are widely compatible with India’s best live casinos. This has virtually revolutionized the online gambling industry in the country.

    UPI which is controlled by the government, is one of the safest securest payment platforms. So, it’s no wonder why the majority of gambling transactions are done with UPI. Furthermore, since 90% of gambling is done on mobile devices in India, local mobile payments apps such as PayTM, PhonePe and Google Pay are popular too.

    Cryptocurrency in Online Gambling Industry

    As cryptocurrencies gain more popularity across the world, Indian online gamblers are also switching to them. Currently, most major online casinos in India accept major cryptocurrencies prevalent in the world. Although crypto trading is banned in India, more gamblers are gambling with crypto quick, as it allows you to gamble anonymously. And the government cannot track your transactions.

    cryptocurrency in the online gambling industry

     

    Increased Variety of Games

    Initially, Indian online gambling sites mainly focused on games of chance based on run-of-the-mill concepts. As more Indian e-gaming companies emerge, the audience now has access to an increased variety of games. Today, casino players can play a variety of live casino games as well as online slots and video poker. More localized Indian casinos offer popular games such as Teen Patti and Andar Bahar. But that’s not all!

    Bettors also have access to online betting apps which offer live in-play betting. So, you could be at a cricket match and easily place bets on the live action.

    Augmented Reality and Virtual Reality

    Indian players are also becoming acquainted with augmented and virtual reality. This has taken the online gambling industry to a whole new level as it makes the whole experience more realistic for players. Today you can find many live casino games that use augmented reality such as: Crazy Time and Adventures Beyond Wonderland.

    Online gambling industry game developer testing out virtual reality technology

     

    The Future of the Online Gambling Industry in India

    Here are the two things that the Indian online gambling industry may see shortly.

    Regulated Framework for Online Gambling

    With Karnataka’s intervention, there’s a good chance that the country may move towards a unified regulation regarding the online gambling industry. Currently, the laws are largely left to the states’ discretion, which means that the situation is different in every state.

    Access to 5G for Online Gambling

    As 5G becomes more common, it’ll also going to improve online gambling in India. Firstly, internet connections will be much faster, making it easier for people to play live games on mobile devices. Secondly, mobile payment transactions will work faster and more smoothly.

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