India, with a population of almost 1.4 billion, is one of the most interesting gambling markets for companies all over the world as they see a huge potential for placing their products. Also, thanks to their British heritage, Indians are very open to gambling as a pastime activity. Whether it is horse racing betting or gambling online at the reviewed casino sites, Indians are ready to feel the thrill of a good bet.
According to Economic Times, in 2013 30% of all plane passengers to Goa were gamblers, ready to spend their money in popular floating and land casinos. So, if Indians are ready to sit on a plane just to play in a casino, are there enough offers that live up to the ever-increasing demand?
Even though there are people who don’t mind placing their bets in unlicensed casino houses, most people still want to play legally. After all, India is one of the very few countries that fine both the casino owner and the casino customer in case they get caught in illegal gambling. Owners of such venues face a fine of ₹200 or imprisonment of up to 3 months, while customers will have to pay a ₹100 fine or end up in prison for a month.
The gambling industry in India is regulated on a local level, in every state. There are two exceptions to this rule – traditional lottery and horse racing that are legal in all states.