The India casino tourism market is forecast to reach US$ 5,567 Million in 2022. As per the report, sales are estimated 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 It has a gaming law, however it is out of date.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.
Key Trends in India Casino Tourism Market
In recent years, India has emerged as an enticing destination for casino tourism, blending vibrant cultural experiences with the allure of high-stakes gaming. As the industry undergoes dynamic transformations, several key trends are shaping the landscape of the India Casino Tourism Market.
- Regulatory Shifts and Legalization: The most pivotal trend revolves around regulatory changes and the gradual acceptance of casino operations in select states. With Goa leading the charge, other regions are considering similar moves, fostering an environment conducive to the growth of casino tourism. As legal barriers crumble, new opportunities arise for both domestic and international visitors seeking a thrilling gaming experience.
- Integrated Resorts and Entertainment Complexes: The paradigm is shifting from standalone casinos to integrated resorts that offer a holistic experience. These complexes combine luxurious accommodations, world-class dining, entertainment shows, and gaming facilities under one roof. This trend caters to a diverse audience, making casino tourism an attractive option for families, business travelers, and leisure seekers alike.
- Digital Transformation and Online Gaming: The rise of online gaming platforms has complemented the traditional brick-and-mortar casinos. The digital shift allows enthusiasts to indulge in casino games remotely, providing a convenient and accessible alternative. This synergy between physical and online gaming experiences is redefining the industry and expanding the market reach beyond geographical constraints.
“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.
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.
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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
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