The India Casino Tourism Market is estimated to reach US$ 5,567 Million in 2022. As per the report, sales are forecast to increase at a robust 13.9% CAGR, with the market valuation reaching US$ 20,458 Million by 2032.
Many people, especially those who enjoy gambing, make long trips to various casino locations. Several travellers go to Las Vegas, Nevada, which is the world’s gambling capital. Indian gamblers travel to Indian states where gambling is permitted. In addition to the attraction of the game, the chance to leave the comfort of home, visit a new casino location, and make memories are other factor contributing to the expansion of casino tourism in India.
One of the countries without a clearly defined gambling law is India. It has a gaming law, however it is out of date. In the end, each state of India is permitted to control its own gambling laws. Only three Indian states have legalised physical gambling, land-based gambling establishments such as brick and mortar casinos. They are Sikkim, Goa, and Daman which saw the impact of casino tourism on the economy, though some other Indian states are also taking it into consideration. In India, the casino tourist industry is still expanding quickly. Casino tourism in India has reached new heights because of the popularity of online gaming sites. Casino travel is extremely popular in India.
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The astonishing technological advancements that online casinos regularly experience have a direct impact on the volume of players and the money made. Therefore, it is reasonable to predict that the actual contribution of the gambling sector to the economy as a whole will keep increasing.
“Tourist states of India are taking constant efforts to enhance the gambling experience for travellers. While the country provides a potential market for online gambling as India is one of the countries with maximum internet penetration which will help in the growth of India casino tourism market.” Says an FMI analyst.
Key Takeaways:
· Based on Game type, Slot Machines followed by 3 card game are predicted to account for a dominant share of Gamblers in the market through 2032.
· In terms of age group, demand in the age group 35-50 years will continue gaining traction through 2032.
· Nearly 8 million tourist visit India to experience gambling in casinos every year.
· Based on type of tourist, Domestic tourists will continue to grow in the forecasted period.
Impact of COVID-19
Same as other tourism sectors, the casino tourism was also majorly hit. However, after the pandemic regulations have eased up, the casino tourism is experiencing an influx of travellers in the country. As the casinos are situated in the prime tourist destinations such as Goa.
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Many online games saw a rise in players with the start of COVID-19, which led to widespread awareness and higher sales. As more players sign up for the online gaming platforms, gaming websites, streaming services, well-known players, and others, the industry’s revenue and popularity are rising.
Who is winning?
Leading players in India Casino Tourism Market are Guide India Tour, India Travel Tours, Casinota, Casino Tours, Tripadvisor, TourRadar, Akshaya india Tours and Travels Ltd., Kesari Tours Pvt Ltd., among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the India Casino Tourism Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on India Casino Tourism Market by Game Type (3 Card Poker, American Roulette, Blackjack, Casino Stud Poker, Dice, Punto Banco, and Others) Casino Type (Commercial, Tribal, Limited Stakes, and I-gaming) End Users (Gambling Enthusiasts, Social Exuberant, Dabblers, Lottery Loyalists, Unengaged Audience) Age Group (18-25 Years, 25-35 Years, 35-50 Years, 50-65 Years and 65 Years and Above) Tourist Type (Domestic and International) Consumer Orientation (Men and Women) Tour Type (Independent Traveller, Package Traveller and Tour Group) – Forecast to 2022 – 2032.
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