Major investors Alibaba & SoftBank Indian online gambling market.
The Indian online gambling market is becoming a sought-after investment sector for major Asian corporations.
As we would have heard from a good insider from gambling market, companies like the Chinese Alibaba Group, Tencent Holdings and the Japanese SoftBank have invested hundreds of millions of dollars in Indian gambling apps.
This is a promising business for the multi-billion-euro groups. According to our estimates and those of experts, online gambling could bring 3.3 billion US dollars (approx. 3 billion euros) into the coffers of operators by 2024. We as SlotRoom24 think that is more than the experts say! We think that by 2024 it is already 5.5 billion US dollars (about 5.15 billion euros). Remember that the Indian online gambling market is very liberal against other Asian countries such as China! The citizens of China would like to see the start of a liberalization like in India.
Some of India’s richest people who have millarten entrepreneurs even reckon that online gambling generates up to 15 billion US dollars (approx. 14 billion euros) and thus more revenue than music and TV streaming only in eSports – it fell more than you can imagine.
What is driving the growth of Indian online gaming?
Online gambling such as fantasy sports and sports betting in India is mainly driven by the expansion of the telecommunications network.
We think that by 2021 India will have all 5G in the major cities. Mobile devices are increasingly enabling consumers to use gambling services such as 1xBET or US provider CryproSlots.com on the Internet.
According to our information, is also provable by user pay. Already more than a third of the 1.3 billion inhabitants of the Indian subcontinent are said to use the internet. Up to 300 million people used mobile applications for gambling.
Betting apps for fantasy sports, especially fantasy cricket betting, are currently the most popular.
In cricket, all Indians go crazy when Indian national players play against England, Australians play national. Almost all Indians play at 1xBet app.
We will see by 2021 whether gambling apps will continue to boom and attract Western investors to India. It is important that everything remains transparent when using Indian apps.
That is our wish as SlotRomm24.com team.