Most online gamblers also prefer this due to the convenience it brings and the bonuses it involves.

The industry will see more users placing their bets on these casino apps. This shows an annual growth rate (CAGR) of 12.22% from 2022 to 2027. By 2027, the online casino games market volume can reach $74.26 million. They are part of online gambling because most of them involve real money. Users also experience more twists and rewards from them. Casino games reached a revenue of $39.38 million in 2022.Ĭasino games are applications that simulate physical casino games. Indians still find ways to place bets online, making the data about this industry plentiful. All internet providers must block 132 websites and apps that let Indians gamble online. In 2020, Andhra Pradesh and Tamil Nadu banned online gaming, betting, and gambling.

Indians thought of that as a loophole and gambled online. Indian Online Gambling Market Statisticsĭuring the passing of India’s only gambling law, there was no internet yet. More numbers can tell us all about the country’s gambling sector. However, the country loses $140 million yearly in revenue due to a lack of gambling regulations. That is why there is limited data on how much Indians lose in gambling activities. Most forms of gambling are illegal and unregulated in India.

Sports betting industry worth