India Casino Tourism Market by Game type, Casino type, End users, Age group, Tourist type, Consumer orientation, Tour type & region | Forecast 2022 to 2032
Market Insights on India Casino Tourism covering sales outlook, demand forecast and up-to-date key trends
India Casino Tourism Market Overview (2022 to 2032)
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.
Attribute
Details
India Casino Tourism Market Estimated Size (2022)
US$ 5,567 Million
India Casino Tourism Market Projected Size (2032)
US$ 20,458 Million
India Casino Tourism Market Value-based CAGR (2022 to 2032)
13.9%
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2017 to 2021 India Casino Tourism Market Outlook Compared to 2022 to 2032 Forecast
Opening entertainment complexes with hotels, shops, and restaurants where guests may play, unwind, and the shop is becoming more and more popular throughout the world. Such complexes draw a lot of tourists and contribute significantly to the local economies of nations and communities. In India, there are casinos, poker rooms, lotteries, bingo halls, and betting opportunities. Online casinos and gambling are both governed at the state level. The country's legal gambling age is 21 years old.
In most states of India, a nation of more than a billion people, gambling is prohibited. Nevertheless, there is considerable progress being made in the direction of legalizing and expanding gaming in the nation. In Goa, Sikkim, and the union territory of Daman and Diu, land-based casinos are legal in India. There are more than 20 legal casinos in the nation, the Deltin Daman being the most well-known with more than 1,000 slot machines and video poker machines. The gambling sector is expanding rather quickly in the highland state of Sikkim, the state of Goa, and its capital city of Panjim. In the previous five years, roughly ten new casinos have opened.
What are the laws related to gambling and casinos in India?
Since gambling is a state issue, only Indian states have the authority to create regulations governing the practice there. Running or overseeing a public gambling establishment is against the law according to the Public Gambling Act of 1867. The fine for breaching this law is 200 yen or up to three months in jail. The Act forbids patronizing casinos as well. The punishment is a $100 fine or up to one month in jail. Indian law divides games into two main categories: skill-based games and chance-based games.
Casinos can only be set up with the government's prior approval at offshore vessels or on five-star hotels, as per the Goa, Daman, and Diu Public Gambling Act of 1976. Due to this, the Deltin Group opened Daman's first physical casino, which is operational currently.
In India, online gaming is still in its infancy. Sikkim intended to provide three online gaming licenses in 2010. Only Goa, Daman, and Sikkim will have legalized online gaming by 2022. Additionally, Sikkim authorizes an online lottery that accepts wagers from Indian players. Other states were predicted to follow Sikkim's lead, creating a sizable online gaming business over all of India.
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Why are European online players interested in Indian market?
One of the largest Internet penetration in the world is in India. In the country, there are millions of active Internet users. If it is an offshore corporation, this population may wager at any online casino or bookie. Because so many software providers make games exclusively for Indian players, there will be more online casinos in India. Most European gaming sites now offer famous Indian online casino games including Ezugi Andar Bahar and Teen Patti. In addition to Ezugi, Evolution has also released Bollywood Roulette and Bollywood Blackjack, two table games with an Indian theme.
Finally, a lot of online casinos and bookies accept Indian rupees as payment. Not to mention that most of these websites also provide services in regional languages such as Hindi. Overall, India's gaming business has tremendous potential.
What is the impact of online casinos on Indian economy?
By registering in tax havens like Cyprus and Malta, many online casinos accepting rupees in India were able to avoid paying taxes. But because of licensing requirements and other limitations, only authorized operators can offer gambling services in many nations. Additionally, several casinos do seize the chance to fully legalize their operations. Offering services to more players is a profitable approach even though it requires paying a certain amount of income.
The Gambling Act in India is strict and places a monopoly on gambling services. Goa, Sikkim, and Daman are the only locations in the nation with licensed casinos. There, the casinos continue to contribute significantly to the state's coffers. The challenge of defining gambling money obtained in India comes from the fact that some players still choose to bypass the legislation and employ the services of international operators.
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Country-wise Insights
Which Indian state has the most number of casinos?
Goa has the most number of casinos.
Goa is regarded as the nation's epicenter of gambling. Every year, this island welcomes hundreds of casino visitors. Virtually the only state with legal casinos in Goa. The state currently has 14 casinos, half of which are floating offshore.
Which is the largest casino company in India?
Casino Royale is the largest casino in India
The largest offshore casino is Casino Royale situated in Goa, which also offers the most gaming options. Sailboats on the Mandovi River, close to Panaji. Three gaming floors and five decks make up the ship. Its excellent game selection includes fifty traditional table games, slot machines, VIP lounges, elevators, a theatre, a top deck bar, and a helipad.
Category-wise Insights
Which game type is played mostly?
Slot Machines are the most preferred
The most widely played casino game in both India and the rest of the world is the slot machine, including online slot machines. Slot machine popularity is mostly due to the fact that when using a gadget, a player may nearly instantly determine whether he has won or lost.
Which type of tourists will opt for Indian Casino Tours?
Domestic tourists will mostly visit the Indian Casinos
There are a lot of luxury casinos throughout the world that provide high-end experiences and are better than Indian casinos. These casinos are prime attractions for gambling tourists. The Indian casino market is growing at a rapid pace. However, there are only 3 states in India which have legalized casinos that experience a major share of domestic tourists as the expenses are relatively cheaper than going on an international casino tour.
Which age group is more likely to visit Indian casinos?
Middle-aged travelers are most likely to visit Indian casinos
Travelers from the age group 35-50 years will contribute a major share. As gambling is an activity that is largely popular amongst people that have extra capital to spare and hence they are most likely to risk it by gambling.
Competitive Landscape
Many companies also offer services for online gaming and gambling e-wallets by offering all-inclusive bundles and developing strategies. Because consumers are spared the hassle of having to travel across many channels for their vacations, it is predicted that the availability of secure online payment alternatives would enhance demand for virtual gaming. Government rules and policies have helped enterprises update their service offerings, and as a result of these market modifications, the industry has grown.
For instance:
Guide India tours are providing packaged deals at discounted prices. The packages offer a number of experiences like free cruise entry, unlimited snacks, and drinks at the gaming tables, and pick-up drop facilities which include taxes and toll allowances.
Scope of Report
Attribute
Details
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
USD Million for Value
Key Regions Covered
Asia
Key Countries Covered
India
Key Segments Covered
Game type, Casino type, End users, Age group, Tourist type, Consumer orientation & Tour type.
Key Companies Profiled
Guide India Tour
India Travel Tours
Casino
Casino Tours
Tripadvisor
TourRadar
Akshaya India Tours and Travels Ltd.
Kesari Tours Pvt Ltd.
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
India Casino Tourism Market by Category
By Game Type, India Casino Tourism Market is segmented as:
3 Card Poker
American Roulette
Blackjack
Casino Stud Poker
Dice
Punto Banco
Others
By Casino Type, India Casino Tourism Market is segmented as:
Commercial
Tribal
Limited Stakes
I-gaming
By End Users, India Casino Tourism Market is segmented as:
Gambling Enthusiasts
Social Exuberant
Dabblers
Lottery Loyalists
Unengaged Audience
By Age Group, India Casino Tourism Market is segmented as:
18-25 Years
25-35 Years
35-50 Years
50-65 Years
65 Years and Above
By Tourist Type, India Casino Tourism Market is segmented as:
Domestic
International
By Consumer Orientation, India Casino Tourism Market is segmented as:
Men
Women
By Tour Type, India Casino Tourism Market is segmented as:
Independent Traveler
Package Traveler
Tour Group
Frequently Asked Questions
What is the current India Casino Tourism Market value?
The India Casino Tourism Market reached a valuation of US$ 5,567 Million in 2022.
What is the forecasted growth rate for the India Casino Tourism Market?
The India Casino Tourism Market is currently forecasted to grow at a rate of 13.9% CAGR during the forecast period.
What was the historical growth rate for the India Casino Tourism Market?
The India Casino Tourism Market had a growth rate of 3.7% before the forecasted period.
Who are the leading players in the India Casino Tourism Market?
Leading players in India Casino Tourism Market are Guide India Tour, India Travel Tours, Casino, Casino Tours, Tripadvisor, TourRadar, Akshaya India Tours and Travels Ltd., and Kesari Tours Pvt Ltd., among others.
Table of Content
1. Executive Summary | India Casino Tourism Market
1.1. Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Million) and Forecast (2022 to 2032)
2.2. Number of Travelers (Million) and Forecast (2022 to 2032)
2.3. Total Spending Y-o-Y Growth Projections (2022 to 2032)
2.4. Number of Travelers Y-o-Y Growth Projections
3. Global Tourism Industry Analysis
3.1. Tourism Industry Overview
3.1.1. Travel & Tourism Industry Contribution To Global GDP
3.1.1.1. Business Spending v/s Leisure Spending
3.1.1.2. Domestic v/s Foreign
3.1.1.3. Direct, Indirect, and Induced
3.1.2. Travel Sector Contribution To Global Overall Employment
3.1.3. Travel & Tourism Growth Rate
3.1.4. Foreign Visitor Exports As Percentage of Total Exports
3.1.5. Capital Investment In Travel & Tourism Industry
3.1.6. Different Components of Travel & Tourism
3.1.7. Global Tourism Industry Outlook
3.1.7.1. Cultural Tourism
3.1.7.2. Culinary Tourism
3.1.7.3. Eco/Sustainable Tourism
3.1.7.4. Sports Tourism
3.1.7.5. Spiritual Tourism
3.1.7.6. Wellness Tourism
3.1.7.7. Others
4. Market Dynamics
4.1. Market Drivers & Opportunities
4.1.1. Government authorities legalizing and regulating gambling
4.1.2. Casinos generating employment and aiding the economic growth
5. Market Background
5.1. Top 10 Market Companies
5.2. Macro-Economic Factors
5.2.1. Global GDP Growth Outlook
5.2.2. Global Industry Value Added
5.2.3. Global Consumer Spending Outlook
5.2.4. Global Direct contribution of Travel & Tourism to GDP
5.2.5. Global Visitor Exports and International Tourist Arrivals
5.2.6. Capital Investment In Travel & Tourism
5.2.7. Top Tourism Spending Countries
5.3. Forecast Factors - Relevance & Impact
6. Categorizing of Sector 2021
6.1. Introduction/ Key Findings
6.2. Current Market Analysis By Game Type (% of Demand)
6.2.1. 3 Card Poker
6.2.2. American Roulette
6.2.3. Blackjack
6.2.4. Casino Stud Poker
6.2.5. Dice
6.2.6. Punto Banco
6.2.7. Others
6.3. Current Market Analysis By Casino Type (% of Demand)
6.3.1. Commercial
6.3.2. Tribal
6.3.3. Limited Stakes
6.3.4. I-gaming
6.4. Current Market Analysis By End Users (% of Demand)
6.4.1. Gambling Enthusiasts
6.4.2. Social Exuberant
6.4.3. Dabblers
6.4.4. Lottery Loyalists
6.4.5. Unengaged Audience
6.5. Current Market Analysis By Age Group (% of Demand)
6.5.1. 18-25 Years
6.5.2. 25-35 Years
6.5.3. 35-50 Years
6.5.4. 50-65 Years
6.5.5. 65 Years and Above
6.6. Current Market Analysis By Tourist Type (% of Demand)
6.6.1. Domestic
6.6.2. International
6.7. Current Market Analysis By Age Group (% of Demand)
6.7.1. Men
6.7.2. Women
6.8. Current Market Analysis By Tour Type (% of Demand)
6.8.1. Independent Traveller
6.8.2. Tour Group
6.8.3. Package Traveller
6.9. Key Findings, By Each Category
7. Competition Analysis
7.1. Competition Dashboard
7.2. Competition Benchmarking
7.3. Competition Deep Dive
7.3.1. Guide India Tour
7.3.1.1. Overview
7.3.1.2. Service Portfolio
7.3.1.3. Strategy Overview/campaigns
7.3.2. India Travel Tours
7.3.2.1. Overview
7.3.2.2. Service Portfolio
7.3.2.3. Strategy Overview/campaigns
7.3.3. Casinota
7.3.3.1. Overview
7.3.3.2. Service Portfolio
7.3.3.3. Strategy Overview/campaigns
7.3.4. Casino Tours
7.3.4.1. Overview
7.3.4.2. Service Portfolio
7.3.4.3. Strategy Overview/campaigns
7.3.5. Tripadvisor
7.3.5.1. Overview
7.3.5.2. Service Portfolio
7.3.5.3. Strategy Overview/campaigns
7.3.6. TourRadar
7.3.6.1. Overview
7.3.6.2. Service Portfolio
7.3.6.3. Strategy Overview/campaigns
7.3.7. Akshaya India Tours and Travels Ltd.
7.3.7.1. Overview
7.3.7.2. Service Portfolio
7.3.7.3. Strategy Overview/campaigns
7.3.8. Kesari Tours Pvt Ltd.
7.3.8.1. Overview
7.3.8.2. Service Portfolio
7.3.8.3. Strategy Overview/campaigns
7.3.9. Others (as per request)
7.3.9.1. Overview
7.3.9.2. Service Portfolio
7.3.9.3. Strategy Overview/campaigns
7.4. Social Media Platforms Preferred
7.4.1. Facebook
7.4.2. YouTube
7.4.3. Instagram
7.4.4. Twitter
7.4.5. LinkedIn
7.4.6. Pinterest
7.4.7. Google+
7.4.8. Others
7.5. Perceptions of the Proposed Art Sector Tour Package
7.6. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions
7.7. Trending #Hashtags
7.8. Social Media Platform Mentions (% of Total Mentions)
7.9. Region-Wise Social Media Mentions (% of Total Mentions)
7.10. Trending Subject Titles
8. Assumptions and Acronyms Used9. Research Methodology
