Why European gambling firms target Online gambling India?

online gambling
Posted by: top24casinos
Posted on: October 21 2020

While the online gambling market in Asia shows continual growth in the past years, Europe remains to be the biggest gambling market worldwide. And recently, one of the notable actions of these European online casino companies has been to move into the Indian online casino market. Some of the biggest casino online gambling websites like 1xbet offer Indian casino players a safe place to play online casino games and receive attractive online casino bonuses and promotions.

In a recent study released by European Gaming & Betting Association or EGBA, Europe had a 49.2% share of the global online gambling market. The forecast to remain relatively stable until at least 2020.  Europe’s gross gaming revenue is expected to rise from €22.2 billion in 2018 to €29.3 billion in 2022. Notably, Europe’s online gambling market is growing faster than land-based casinos. The continent’s online gambling market is growing 10% every year.

The untapped Casino online gambling of India

Many of those online gambling websites aim to conquer the global gambling market. Some of those giant casino companies began to move into new markets and online gambling India is one of the most attractive choices for these international companies because of the country’s largely untapped casino market.

India has one of the biggest sports markets in the globe. Casino online operators cannot overlook this fact. There are many sports fans in India, especially in sports cricket. It isn’t hard to see that when these players place online bets on these various sporting events, it can lead to big revenue for gaming and betting companies.

Another reason why International casino operator targets India is the country’s unclear gambling laws. While gambling in India is prohibited except for lotteries and horse racing there are no laws rules that directly prohibit online gambling activity in the country.

The Public Gaming Act of 1867 which is the only legislation relating to gambling did not mention anything about online gambling India.

Maharashtra is the only state in India that clearly ban all gambling casino online and offline activities under the “Bombay Wager Act”.

Why international websites attract Indian Players

Indian online casino players are flocking in international online casino websites because of their lucrative bonuses. Casino online gambling websites like 1xbet India offer a huge amount of sign up bonus casino or welcome bonus to attract Indian players. This type of online casino bonus matches the initial deposit amount of the players. This type of bonus is only offered to new players who created an account to the casino.

Another type of bonus that attracts a number of players is the no deposit bonus. This is one of the most sought online casino bonus because it allows the player to play online casino games without spending any amount. Players who wished to claim no deposit bonus need to use a code or contact the casino customer support.

International gambling websites most of the time also offer more gambling games online compare to local casinos. Anyone who signs up an account to the casino can play thousands of online casino games form slots, roulette, blackjack, and poker.