Over the last 10 years, the iGaming market in India has grown a lot, especially when the pandemic hit the world. During lockdowns, when people needed to find ways to pass the time, the online gaming and gambling industry grew in a big way.
With the way the iGaming market is right now in India, many people think it could become one of the most important industries in the country. In 2020, it was thought that about 360 million people in the country played online games, and in 2021, that number grew to 390 million.
KPMG predicts that the value of the iGaming market in India will reach 3.9 billion USD by the year 2025. This means that more people will play games for real money.
What does iGaming mean?
Before we talk about the iGaming market in India in more depth, let’s talk about what igaming is. The iGaming industry includes online games, but it’s not just online games. Casinos and sports betting make up the biggest part of the country’s iGaming market.
This is why most people think that iGaming is all about online betting and gambling when you talk about it. But there are also regular mobile games that you can play online.
Why are more and more people playing iGaming?
Online gaming has become more popular in India for a number of reasons. One reason is that there are more and more people going online in India. In India, more than 749 million people used the internet in the year 2020. This means that about half of the country’s people are already using the Internet.
Now, the fact is that most of these people who go online do so with a mobile phone. Statista says that 744 million people who use the internet do so on their mobile phones. The simple explanation is that mobile phones are getting easier to get because they are getting cheaper and better.
A study by Deloitte says that by 2026, there will be about 1 billion mobile phone users in India. The iGaming market can do even better with this and India’s better digital infrastructure. So, the business of mobile games will grow even more.
Even though KPMG and Statista give numbers, it’s hard to know how big the iGaming market in India is, especially when it comes to online gambling. Since there are no rules, many gamblers stay out of sight so they can’t be caught.
Some of India’s most-played online games
There are many online games that can be played on mobile phones in India.
- PUBG
- Ludo King
- Free Fire
- Among Us
- The game Clash of Clans
- Call of Duty: Apex Legends
Here are some of the most popular casino games:
- Teen Patti
- Blackjack
- Poker
- Andar Bahar
- Slot games
- Dragon Tiger
- Roulette, among others
Conclusion
To sum up, we’d say that India’s iGaming market is all set to take over the country, bring economic stability, and make technological progress.
