India emerges as attractive online gambling market

    Published in: Latest Intelligenceby Albert ClimentIndia is poised to emerge as one of the most attractive markets for online gambling companies on the strength of its growing middle class, high appetite for betting and rapidly widening Internet access and has already been attracting interest from major European operators.The size of India’s gambling market is unclear as much activity is underground and unregulated, but estimates exceed $70 billion. Meanwhile, Internet access in India has expanded 20-fold in the past five years to reach over 100 million.  According to research by Media Entertainment Consulting Network, some 41 percent of these web surfers regularly access gambling websites. Of this group, about three-quarters come from Delhi, Mumbai, Chennai and Bangalore. Legal shades of grey Offline betting and gambling, aside from the national lottery and horse racing, are illegal in most of India though underground sports betting and other gambling are widespread. Only the states of Goa...

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