India Online Gambling Market

Market Overview:

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. The inflating popularity of interactive entertainment, along with the growing demand for a convenient alternative to traditional land-based gambling, is primarily driving the market growth.

Online gambling entails placing bets on various games or events through a licensed bookmaker or sportsbook. This also involves wagering on the outcome of a game or event, typically utilizing a computer or other electronic device connected to the internet. Often perceived as a form of entertainment suitable for individuals of all ages, online gambling is subject to regulation by local or national laws, necessitating strict adherence to industry standards to maintain operational status. Reputable online gambling platforms prioritize secure banking and transaction systems, coupled with privacy policies safeguarding customers' personal information. The design of online gambling platforms emphasizes comprehensive customer support services, ensuring players can readily seek assistance for any issues they encounter. Furthermore, to attract new customers and solidify their market presence, numerous online gambling sites offer bonuses and promotions. This multifaceted approach contributes to the appeal of online gambling as a dynamic and interactive form of entertainment, with responsible regulation and customer-centric features enhancing the overall experience for participants.

India Online Gambling Market Trends:

The online gambling market in India has witnessed a significant surge, driven by the country's increasing digital penetration. One of the key factors contributing to the growth of the market in India is the widespread accessibility of the internet and smartphones, making it convenient for individuals to engage in online betting activities. Additionally, the digitalization of payment methods has further facilitated transactions, providing a seamless experience for users. The India online gambling market operates within a framework that varies across states. Besides this, the regulatory landscape plays a crucial role in shaping the industry and ensuring responsible gambling practices. Reputable online gambling platforms operating in India adhere to stringent standards and regulations. They prioritize secure banking and transaction systems to safeguard user funds and personal information. Apart from this, customer support services are designed to address queries and concerns promptly, enhancing the overall user experience. Furthermore, to attract and retain customers, online gambling sites in India often offer enticing bonuses and promotions. This competitive strategy not only attracts new users but also contributes to the dynamic and evolving nature of the market. In line with this, as the digital landscape continues to evolve, the India online gambling market is poised for further growth over the forecasted period.

India Online Gambling Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on game type and device.

Game Type Insights:

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

The report has provided a detailed breakup and analysis of the market based on the game type. This includes sports betting (football, horse racing, e-sports, and others), casino (live casino, baccarat, blackjack, poker, slots, and others), and others.

Device Insights:

• Desktop
• Mobile
• Others
   

A detailed breakup and analysis of the market based on the device have also been provided in the report. This includes desktop, mobile, and others.

Regional Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Online Gambling Market Report Coverage:

Key Questions Answered in This Report:

• How has the India online gambling market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India online gambling market?
• What is the breakup of the India online gambling market on the basis of game type?
• What is the breakup of the India online gambling market on the basis of device?
• What are the various stages in the value chain of the India online gambling market? 
• What are the key driving factors and challenges in the India online gambling?
• What is the structure of the India online gambling market and who are the key players?
• What is the degree of competition in the India online gambling market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India online gambling market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India online gambling market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India online gambling industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.