A lot of systems and structures have had to change since the coronavirus pandemic struck. Many Indians and people around the world have been forced to shut down businesses andsocial activities. With no options left than to stay at home, people now have to find other activities to substitute their usual daily activities.
Almost everyone is now turning to online activities to keep them busy. They now have to socialize with friends and entertain themselves online. As a result of this, licensed online casinos are receiving more visitors than before.
Land-based Casinos Closed Down
All the popular casinos in Goa, Daman, and other regions have been forced to close. The Goa government had ordered the closure of educational institutions and public places including casinos from March 15. Some other states had earlier announced shut down in activities while some followed after. All in an attempt to curb the spread of the disease.
Before the shutdown, the online gambling industry in India was already growing at a steady pace. But as soon as the land-based casinos were shut down, the industry experienced a massive increase in activities.
Many regular Indian gamblers have turned to the online versions of their various casino games. Due to the lack of business and other activities, these gamblers have also had more time to spend gambling. Several online casinos confirmed this increase in the rate of online gambling. There have been many new registrations and a rise in the activity of regular online gamers.
Sports Events Cancelled
Most large sporting events and tournaments have also been affected by the COVID-19 pandemic. For example, the 13th edition of the Indian Premier League which was supposed to start on March 29 was postponed till April 15. The Board of Control for Cricket in India further postponed it indefinitely after the nationwide lockdown was extended.
Also, the Olympics which was scheduled to hold this year has been postponed till 2021. The decision was inevitable as the decision board had to ensure the safety of the athletes first.
The EuroCup was another major tournament that had to be postponed. So many smaller tournaments around the world have also been affected. This caused the sports betting industry to suffer greatly.
There are no longer matches and tournaments to stake on. Sports betting sites experienced a great reduction in the activity of sports gamblers and begun to find alternatives.
People who regularly visit land-based betting halls and online betting sites have been pushed towards online casinos. These sports gamblers are learning how to play casino games and staking their monies, awaiting the time sporting events will resume again.
Online Casinos Become A Way To Kill Boredom During Lockdown
Indians are now stuck at home due to the lockdown and restrictions placed to curb the spread of the disease. With the lack of activities to take their time, many people have had to deal with boredom. Most people spend the day surfing the internet to consume online content. As a result, there has been a sharp increase in players turning to licensed online casinos to ward off boredom.
With the abundance of online casino games, they have a variety of options to choose from.
Leaders in the online gaming industry confirmed an increase in the number of Indians who play games like Rummy, Teen Patti, Andar Bahar, and many others.
The Online Casino Market Is Growing
Online casinos are growing due to Covid-19. Many online casinos have sprung up before the outbreak of the disease and many land-based casinos are coming online.
Indians are now gambling online without the fear of breaking the Indian law which restricts physical gambling except in some states and with some games.
The country is currently one of the largest contributors to the growth of online gambling in the world. The last 10 years saw pretty rapid growth. This is due to the increase in the population of people making use of the internet and smartphones. Approximately 30 billion
US dollars is earned as online gambling revenue every year. Most of the revenue gotten each year can be attributed to the online and mobile sectors.
2018 ended with 566 million internet users in India. Before 2020 ends, this figure is expected to grow to 730 million. We can conclude that the online casino market will continue to increase as the Indian mobile and internet users increase.