India's rapid economic development, the number of middle class surpasses China
Now that the global economy is taking off, although economic development has been temporarily slowed under the influence of the coronavirus epidemic, the economic development momentum of some developing countries is amazing. India is one of the rapidly developing developing countries. As the economy takes off, the gaming industry will also develop rapidly. The poor want to take a gamble, the rich take a small gamble. Many gambling practitioners said that in time, India will become one of the largest online gambling markets in Asia.
Now gambling has become India's national entertainment. According to the survey, more than 40% of the people in India engage in gambling and entertainment activities. More than 80% of adults conduct gambling activities at least once a year. With the development and popularization of the Internet and digital media, more and more Indian players are no longer satisfied with traditional physical casinos, but prefer to choose online casinos for betting. This is an important factor why the gaming industry is optimistic about the development of gaming in India!
Since India is not a centralized country, the country's power is relatively scattered, and the law is also established under the judicial supervision of different states, especially the gaming law. At present, only three states including Goa, Daman and Sikkim have passed legal gambling laws. In addition, Andhra Pradesh and Telangana prohibit online gambling.Looking For【The Top India Online Betting Website】
However, the "Public Gambling Law" currently in use in India was enacted as early as 1867. And more than a hundred years ago, there was no online gambling, so this legislation has many gray areas, and gambling practitioners also have many loopholes to exploit. For example, the "Public Gambling Law" does not apply to betting on purely skill games. In other words, betting on skill games is not illegal in India.
Moreover, the Indian gaming section is divided into two categories, one is skill games and the other is chance games. The laws of many states in India agree to betting on games of skill, and in most states, gambling is not required.
So which ones include skill games? For example, a gambling game needs to rely on the player's knowledge reserve, or physical and mental training. Speaking of this, it is not difficult to think of the most popular betting items at present-sports betting and chess, poker, horse racing and so on.Looking For【The Top India Online Betting Website】
At the same time, the spread of the new crown epidemic may cause the Indian government to relax its supervision of the Indian gaming industry. Because there are many gray areas in the Indian gaming market and the government lacks supervision, the Indian government is estimated to lose 150 million US dollars each year. This flood-like epidemic has caused the central government of India to face financial problems. In the future, India will speed up the legalization of gaming in an all-round way, and the government will come forward to supervise. This will not only increase the country's fiscal revenue, but also bring more jobs. In the future, India may adopt a parallel model of physical casinos and online casinos.
In addition to the government's desire to rely on the gaming industry to increase the country's fiscal revenue, another very important reason is that India's current middle class is growing rapidly. According to the latest research report of the United Nations, by 2027, the size of the middle class in India will exceed that of Europe, the United States and China.Looking For【The Top India Online Betting Website】
In addition, India tells the growing population that by 2022, India’s population will surpass China and become the world’s most populous country. The number of smartphone users is quite astonishing, reaching 760 million people, making it the second largest smartphone country after China. With the popularity of smart phones, e-commerce and electronic payments will become the mainstream in India, and various online gambling games are even more promising. As long as online gambling is legalized in India, gambling-loving Indians no longer have to travel far and wide to betting legal states, but sit at home and easily conduct online gambling through the Internet. This populous country will soon become the largest Asian gaming market!