Real money gambling in India will become a big first for the country in the coming years, according to a study published by the firm Bernstein Research. The study projects the Indian gaming market to grow 37% annually to $ 5 billion by 2022. Of this figure, the research company estimates that $ 1.7 will go towards real money games.
Due to the lockdowns caused by the coronavirus, online gaming activity has increased significantly from 30% to 40% in terms of the number of daily active users. Users have not only extended the time spent in the game but have also deepened their participation in the activity.
The fastest growing vertical in the real money market has been fantasy sports, with some 100 million registered users. Only the operator and market leader Dream11 has managed to capture 90% of the market.