The middle class in India, even though small when compared to developed nations, is now large enaough to support economic growth through consumption. One of the sectors benefiting from the growing, tech-savvy middle class is the online gambling.
Internent users in india have passed more than 451 million monthly active internet users which is more than 34% of the country's population. With this many users, India is now second only to China in terms of internet users, according to a report by Internet and Mobile Association of India (IAMAI).
The growth in the use of smartphones has also played a huge role in the growth of the sector with more than 27% of the population using smartphones by 2018.
Aided by a middle class of 3% or 40 million, online gambling in India has grown exponentially since the industry's emergence over the past decade. Online gambling can aid effort towards regulation.
There are no specific laws stating that it's illegal to gamble online and millions of Indians safely play online casino every day without any legal consequences.
Most online games are accessible through smartphones, which is the preferred method for most people nowadays. Additionally, mobile phones are more affordable now more than ever before.
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