Online gambling; a quick source of fun & money for people. Online Gambling India has grown significantly due to factors like; increased internet usage and the widespread usage of smartphones. According to the data in 2023, the market size has reached US$ 2.7 billion. With estimations that it could rise up to US$ 5.49 billion by 2032. It is growing at a compound annual growth rate (CAGR) of 8.10%. The driving force behind these higher numbers includes India’s tech-savvy younger population. There is also a growing demand for interactive and convenient alternatives to traditional gambling.
The table below highlights the rapid increase in internet users and smartphone penetration.This is in direct correlation with the growth of online gambling in India.
Table: Internet and Smartphone Penetration in India (2018-2023)
| Year | Internet Users (Millions) | Smartphone Penetration (%) | Online Gambling Users (Millions) |
|---|---|---|---|
| 2018 | 560 | 45% | 8.2 |
| 2019 | 620 | 50% | 9.1 |
| 2020 | 700 | 55% | 10.3 |
| 2021 | 750 | 60% | 11.0 |
| 2022 | 800 | 65% | 11.7 |
| 2023 | 850 | 70% | 12.17 |
This data underscores the strong connection between digital connectivity and the rise of online gambling platforms.
Factors Driving the Growth for the Future
Online gambling India growth is contributed by Several key factors:
- Increased Internet Penetration: Recently the internet penetration in particularly rural areas of the countries has picked up high rates which has created opportunities for online gambling platforms.
- Smartphone Usage: According to 2023 statistics, there are more than 850 million smartphone users in India, making it comfortable for the mobile-first population to bet on the platforms they prefer.
- Cultural Shifts: The middle-aged and young people’s desire for digital entertainment such as online games and betting also propels the growth of the industry.
- Innovative Platforms: Businesses are constantly investing in easy-to-use yet protected and innovative platforms that grow the audience base.
- Payment Solutions: The availability of secure digital payment methods one-click away with options like UPI and mobile wallets, has simplified transactions, has increased participation.
Current Legal Status of Online Gambling in India
The legal setting of online gambling, India remains complex and unclear. The Public Gambling Act of 1867 prohibits running or being found in a “common gaming house,” but excludes “games of skill” like rummy. Currently, most states do not have any legal restrictions against online gambling,except Andhra Pradesh and Tamil Nadu as they passed legislation against any kind of gambling, betting, etc in 2020. However, Sikkim and Goa have authorised only those who hold a license to offer online betting.
Social and Economic Impact
The rapid rise of online gambling has both positive and negative effects on Indian society and the economy.
Table: Social and Economic Impact of Online Gambling in India
| Impact Area | Positive Impact | Negative Impact |
| Economic | – Increased revenue through taxation | – Risk of increased illegal gambling |
| – Job creation in tech and customer service sectors | – Economic strain on vulnerable populations | |
| Social | – Promotes digital literacy and online engagement | – Gambling addiction and related social issues |
| – Encourages innovation in gaming technology | – Family disputes and financial instability due to gambling |
Opportunities and Challenges for the Future Online Gambling India
As has been seen, the future of online gambling India has a huge potential but it also come with its set of challenges.
Opportunities:
- Regulatory Framework: The government may undertake the effort of developing a legal framework that sets precise rules and regulations concerning online gambling. This could not only generate a lot of tax money but also can safeguard the consumers. Provide consumers a safe space
- Technological Advancements: Technology is known to be ever-growing and due to this it is likely to be observed that online gambling will become increasingly more secure and personalized thereby creating a favorable experience for the user.
- Market Expansion: As awareness and accessibility increase, the market is set to grow, attracting both local and international players.
Challenges:
- Legal Ambiguity: The lack of a uniform legal stance across states creates confusion and limits the industry’s potential.
- Responsible Gambling: Ensuring that users gamble responsibly is a major concern. Without proper regulations, there is a risk of increased addiction and financial harm.
- Cybersecurity: As the industry grows, so does the threat of cyberattacks. Protecting users’ data and transactions will be crucial for maintaining trust in online platforms.
