Indian Gaming Market to reach $5B by 2022, says research

Indian gaming market
Posted by: top24casinos
Posted on: April 12 2021

Gaming Industry including the real money online casino continues to grow at a rapid pace around the world. Once stood as a subset of the sports sector, the gaming industry has grown into a new sector with a very large market.  This is also the case in India.

A study conducted by Bernstein Research estimates that the Indian gaming marking will worth $5 billion by 2022. The research also suggests the country’s gaming market will likely grow by 37% every year.

According to the study, $ 1.7 will go towards real money games.  Fantasy sports is the fastest growing sector of the real money market. The research firm also points out that the sector has attracted over 100 million users so far.

In an article posted on international gaming watchdog, Analyst Rahul Mahotra said that the growth in Indian gaming is driven by a large, young population growing smartphone use and cheap data costs.

The analyst also predicted that affluent Indian households’ annual income will greatly increase. He pointed out that Indian Household which has an annual income of more than $15,000, will hit 50 million by 2025. This is more than double the level of 2016.

Online Casino Bonuses draws new players in India

All Indian casinos offer bonuses to attract new players or motivate their members in playing. Online casino operator in India uses several types of casino bonuses. The most common and also the biggest cash bonus is the welcome bonus or more commonly known as sign up bonus casino. This is typically given to members who just created an account at the casino site and have made their first deposit.

The signup bonus can double the amount of players’ first deposit money. Sometimes this is also paired with a free spin which is another bonus that can only be used at online slot games.

Players in India are also attracted to no deposit bonus. This bonus is advertised as free money that players can use to play certain casino games. There is no need for players to deposit any amount to receive the bonus. Players only need to contact the customer service team or use a special bonus code.

The no deposit bonus isn’t exactly a huge amount. However, players can withdraw their winnings when they completed the wagering requirements.

Large selection of Casino games

Aside from casino bonuses, many online casinos in India offer a variety of casino games. There are literally thousands of casino game selection online. Some of the most popular game types include but not limited to an online slot, Roulette, baccarat, blackjack, and craps.

Players can also play some of the traditional games such as Teen Patti, Indian Rummy, and Andar and Bahar.

There are also games where players can interact with real human dealers. This category is called live casinos. Here, the dealer will deal the card in front of you. In some versions of the game, you are allowed to interact with the dealer using a mic or live chat.

Players in India have two options in playing these casino games. The first is free play. Here, the Indian casino site allows players to play the game without spending any amount. Players use this free play version to learn the mechanics and features of the game. However, players cannot win money while free playing games. If players want to win money in playing games, they need to deposit the amount.

Mobile casinos

Mobile casinos are one of the recent innovations in the gaming industry. The convenience that mobile casinos give to players is one of the reasons why there is a growing number of players in India. Real money online casinos promote mobile casino apps. Players can download this app for free from the casino’s official website.

The mobile casino gives the player flexibility and more time to play.  With this players can play any game they like anywhere and anytime they like. They just need a stable internet to play. The app also updates the user with the latest promotion of gaming sites.