As per the prediction of several online casino experts, online gambling is on the rise because of the coronavirus. As people stay at home to curb the spread of the virus, they are playing online to ease their boredom. Therefore, India is Seeing a Large Increase in Online Gambling which is a result of the stay at home order.
Since most casinos are shut down around the globe, casino players have nowhere to enjoy themselves. Furthermore, this is leading to the collapse of the gambling industry with online gambling as their only source of revenue. Many gambling reports say that internet gambling is not enough to save the gaming industry. However, the 25% increase in online gambling in India might just prove them wrong.
Online Gambling in India
Online Gambling in India saw a 25% increase in traffic and a 20% increase in transactions over the last week. Furthermore, India is seeing that gamblers as spending twice as much time in online casinos in comparison to last month.
Obviously, this is a large jump in gambling traffic over such a short period of time. Some see this a sign of hope for the gambling industry. However, some believe it will not be enough to enough for many companies.
Particularly, we are talking about the sports wagering industry. This is because of the cancellation of most sporting events. Therefore, no sporting event means no sports betting and no revenue for sportsbooks. Online sportsbooks now have betting odds on unknown leagues that are still playing but it is not enough.
Online gambling in India is still fairly new for them. Furthermore, according to the law, online casinos can take Indian clients but must be outside of India. Thus, this latest development is bringing the online gambling industry to the spotlight. Thus, since India is Seeing a Large Increase in Online Gambling it may lead to India changing their online gambling laws.
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