Indians are passionate about online gambling, and it’s a fact that 40% of Indians have gambled at least once in their life. The country’s online gambling market is expected to grow at an annual rate of 8.59% from 2023 to 2027.
By 2027, we’re likely to see 12.17 million Indians engaging in online gambling, thereby immensely driving the growth of iGaming industry in the country.
Whether you’re already a part of iGaming activities in India or are yet to venture into this domain, you’d love to watch out for the latest trends shaping this industry. To provide insight, we’ve compiled a list of the top six trends currently revolutionizing India’s online gambling sector and will continue doing so for the foreseeable future.
1- Cryptocurrency will become a norm today and tomorrow for online gambling
Online transaction fraud is rising, and cryptocurrency integration is a great way to provide safe and secure transactions in any online casino.
Leading online casinos allow players to deposit and withdraw using cryptocurrencies. And such casinos certainly have an upper hand compared to fiat currency casinos.
Cryptocurrencies are decentralized and have less risk of government manipulation or interference.
As blockchain technology of cryptocurrencies records the details in a tamper-resistant and transparent manner, transaction privacy is assured. In addition, blockchain’s immutability makes it difficult for malicious actors to alter transaction history.
All these features of cryptocurrencies have made it a secure way to transact over online casinos. So, more and more casinos will start adopting cryptocurrencies in 2023. We have some online casinos that only accept cryptocurrencies.
Even though cryptocurrencies are not a mainstream transaction medium in India, they work seamlessly over online casinos. If you’re having a tough time finding cryptocurrency casinos in India, we recommend you check out Bestindiancasinos.co.in reviews once.
This website provides unbiased reviews of leading online casinos in India. You can learn about casinos offering cryptocurrencies, their transaction limits, and other aspects. It’s a great help for every online gambling fanatic.
2– Gamblers ask for a hybrid gambling experience now
Gamblers are pleased with online casinos offering a hybrid gambling experience. They seek a flawless integration of VR or AR so that online gambling becomes closer to real-world casinos.
Both these technologies can provide a highly immersive gambling experience like no other. Players can experience the thrill of land-based casinos from online casinos. This is a must-have feature for online casinos if they want to attract more gamblers and enjoy continued gambling.
3- Mobile gambling to smartwatch gambling
Mobile gambling has become a norm in the global iGaming industry. Now, the focus is on offering online gambling via smartwatches. Offering online gambling with the help of wearable technology is a new trend that will continue to grow for years to come.
Smartwatches offer a portable and hands-free way for users to access online gambling platforms. This mode of online gambling promotes better real-time communication, instant alerts, and better gamification.
Online gambling platforms must explore ways to integrate responsible gaming features, such as setting time limits or providing reminders, to promote a safer gambling environment via smartwatches.
4- More community support
Leading online casinos are now focusing on building communities for online gamblers in India. Mobile casino applications are likely to offer Indian gamblers an opportunity to engage in communities to receive timely notifications about upcoming casino tournaments, new rules, rewarding scopes, and many other aspects.
With community support, Indian gamblers can grow their skills and stay updated with new trends.
5- Legal eSports betting will continue to grow
Even though legalized sports betting has a complicated status in India, it enjoys great attention. Legal sports betting revenue in India was $2 billion in 2021. It’s a huge number because regulated sports betting is only possible in the states of Sikkim, Nagaland, and Meghalaya.
If sports betting is not legal in your state, you can access gambling sites in these regions and bet on sports like golf, cheese, cricket, football, and horse racing.
6- Cricket is the most famous among online bettors
When it comes to India, Cricket is the only game that attracts sports fans in both the online and offline world. In 2021, nearly 80%-90% of eSports betting revenue for most of the websites was from cricket only.
With ICC World Cup 2023 just finishing and T20 matches around the corner, online cricket betting is likely to touch the mark of $2 billion by the end of 2023.
Final Say
Indians have great avidity when it comes to online gambling. Despite the bans and restrictions, the iGaming industry in India is flourishing.
With predictions like every 4 out of 5 Indians will gamble online, a 20% hike in real-money investment in online gambling every year, and an annual growth of 29% from 2023-2028, we have no qualms to admit that the iGaming industry has a bright future in India.
And the trends we mentioned here will surely drive this growth.
