Has COVID-19 Contributed to the Indian Online Casino Boom?

As countries attempted to curb the spread of the coronavirus, they restored to lockdowns in early 2020, including India. The lockdown confined millions of people to their homes. With imposed restrictions on day-to-day activities, businesses had to be shut down. 

The situation ceased all economic activity in the time of initial lockdown. It pushed the global economy into recession. 

However, in the midst of this economic disruption, the global gambling game industry thrived. This is because while social distancing was being practised and business activities have reduced to a minimum, gaming has come to a distraction where people are interacting with each other. 

The impact of COVID-19 has also shut land-based casinos. With these casinos closed and sports betting drying up, online gambling is coming across as a bright spot for the gambling industry. 

The revenues from internet gambling in New Jersey rose by 66%. New Jersey appears to be the leader when it comes to internet gambling. Thomas Allen, the Morgan Stanley gaming analyst believes that the impact of COVID-19 can cause more states to legalize online sports betting and casino. 

The Surge in Fantasy Sports Betting and Online Casino Gaming

Most of the sports bettors and casino players have switched to fantasy sports betting and casino gaming for quenching their gambling requirements. This change has led to the user base of popular online gambling dens. Popular online casinos have seen an increase of 25% in gamblers playing online slots. Fantasy Sports betting has seen a 30% increase in the first few months of COVID-19 hullabaloo.

The online gambling industry is one of the very few sectors that could make it through this pandemic with less financial damage. Almost all online casinos are doing brisk business and are in a weathering crisis much better than a land-based casino. 

Several new players are visiting online casinos for enjoying the sheer thrill of spinning the reel or trying their hand at their favourite table game. Regular gamblers are also playing online to hone their skills. It appears like more and more people are playing online casino games than before. In fact, live sports betting is also completely functional. People are taking betting and gambling as a place of solace. 

Online Casinos are Leading the Way

There has been a paradigm shift. Several gamblers are switching to online casinos with physical casinos shut. This crossover has seen a significant boost in the user base of popular gambling websites in India. 

While several customers love to play using their mobile devices, there are many who are gambling on their laptops or desktops. With the norms of the pandemic becoming the new normal, more and more gamblers are going to turn to the internet for satiating their thirst for gambling. 

Online Migration on the Rise

Everything in the time of this pandemic is shifting online. Work at home has become a norm in times like this. The situation is driving people to adapt to the digital age. The internet gambling business has taken this as a positive sign. In fact, as mentioned, they are seeing more footfalls than before. 

Online casino enthusiasts are looking for more games to try their luck. Casino software developers are developing more games based on this idea. There has been a considerable increase in the number of people playing online slots, poker, or table games in India in the time of the COVID-19 pandemic. 

Long-Term Transformation of the Online Casino Industry

There are many takeaways from the recent surge in gambling indicating the future transformations. Let’s check them. 

  • Increased Spending on Mobile Casino Games

The greater interest in gaming will accelerate a shift in developing more mobile-friendly casino games. 

  • Larger User Base

The online casino platforms will have a larger user-base. This will lead to changes in consumer gambling habits. 

  • Legalization of Gambling

In some countries gambling wasn’t legal, might consider legalizing it. This, in turn, will drive the market. 

The pandemic has had a serious impact on the stock market across the world. Nevertheless, the online gambling industry has seen an increase in their business since the beginning of this pandemic. So, people in this business are going to hope that more newbies will dive into online gambling in a situation like this.

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