India Online Gambling Market Size & Outlook, 2023-2030
India online gambling market, 2018-2030 (US$M)
Related Markets
India online gambling market highlights
- The India online gambling market generated a revenue of USD 4,431.3 million in 2023 and is expected to reach USD 10,776.7 million by 2030.
- The India market is expected to grow at a CAGR of 13.5% from 2024 to 2030.
- In terms of segment, sports betting was the largest revenue generating type in 2023.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
Online gambling market data book summary
| Market revenue in 2023 | USD 4,431.3 million |
| Market revenue in 2030 | USD 10,776.7 million |
| Growth rate | 13.5% (CAGR from 2023 to 2030) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Betting, Casinos, Poker, Bingo |
| Key market players worldwide | Evoke Pharma Inc, Betsson AB Class B, Entain PLC, Flutter Entertainment PLC, Churchill Downs Inc, Kindred Group PLC SEDR, Sportech PLC |
Other key industry trends
- In terms of revenue, India accounted for 6.3% of the global online gambling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India online gambling market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,912.7 million by 2030.
Sports betting was the largest segment with a revenue share of 50.07% in 2023. Horizon Databook has segmented the India online gambling market based on sports betting, casinos, poker, bingo covering the revenue growth of each sub-segment from 2018 to 2030.
India has been overgrowing in the past years due to the increasing use of smartphones, and high internet connectivity has made online gambling more accessible to many people in India.
The rise in fantasy sports and esports has also contributed to the market's growth, as these games are very popular in India. The Indian government has taken a relatively liberal approach to online gambling, with many states legalizing certain types of online gambling.
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Online Gambling Market Scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
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India online gambling market size, by type, 2018-2030 (US$M)
India Online Gambling Market Outlook Share, 2023 & 2030 (US$M)
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