India’s online gambling problem spurs calls for regulation

India's online gambling problem spurs calls for regulation

The coronavirus pandemic has left many in India stuck at home during a series of total and partial lockdowns, and such isolation, combined with some of the world’s cheapest internet rates, has made it both tempting and easy to gamble online.

Gambling in India, which largely comes under the purview of state and union territory governments, is outlawed by all but four: Goa, Sikkim, Daman, and Nagaland.

But online betting apps are illegal only in Andhra Pradesh and Tamil Nadu, which both banned such money-based games in November last year, citing rising bankruptcies and suicides.

V Narayanasamy, until April chief minister of Puducherry, in October last year called for even those to be outlawed, reflecting growing civil society pressure, especially from female voters who traditionally oppose alcohol and gambling.

Maple Capital Advisors in May 2020 valued Indian gaming at $930 million, predicting 41% annual growth until 2024. There were over 400 gaming startups in India, it said, adding that weekly smartphone game user numbers have grown from a pre-COVID rate of 60% to 68% during the country’s lockdowns.

“India is at an inflection point on online gaming with traffic exceeding 15% of global gaming traffic,” said Pankaj Karna, managing director at Maple Capital Partners. Karna said casual gaming saw strong growth when movement restrictions were imposed last year. “Games involving real money saw the biggest growth of 40% through the lockdown, with fantasy sports standing out,” he said.

“It is important to oppose online gambling because now it has started coming in the guise of fantasy sports and is being promoted by sports and film stars,” said Ajay Kumar Sinha, executive director of the Forum for Learning and Action, one of the prominent nonprofit organizations opposing online gambling.

Read More

Trusted Online Casino Malaysia 2021

Unlike most other casino gaming review sites online which target Western markets, is the very first site to specifically target Online Casinos Malaysia, Thailand, and Indonesia, giving us a better view of the online gaming landscape in this region.

We review Online Casino Malaysia & Sportsbook Sites. With this list, you can focus on winning the game instead of worrying whether the websites are genuine or not! We review the site, you enjoy the game! View our Top 10 Trusted Online Casino Malaysia.

Latest News

Latest Game Reviews

Latest in e-Sports

Get The Latest Updates

Subscribe To Our Newsletter

Sign up for exclusive offers and latest news and receive them straight to your inbox.

Latest in Poker

Latest in Payments