The Potential for a Gambling and Bookie Industry in India

India has always been a popular tourist destination for travelers. Its rich history and culture is reason alone for people to take a week or more to unwind in India’s cities, mountains and beaches. But there is another form of tourism that India can hone in. One that could give them more income as well. India can explore the possibility of offering gambling tourism. Here, you have a developed retail and online gambling and bookie industry to attract locals and tourists alike.

Gambling is quite a controversial topic in India, where retail casinos and brick and mortar sportsbooks are not mostly illegal in the country. There are certain areas where casinos are allowed, but they are far and few in between. There is, however, a way for Indians to gamble. Currently, there is no law that will stop Indians from online gambling in online gambling sites that accepts Indian rupees, the country’s currency. Given the success of bookie software across the world, it will be easy to prove the need for a regulated gambling market in the country.

Gambling and Bookie Industry in India

There are a lot of Asian bookies making use of bookie pay per head services. In addition, other neighboring countries are also offering gambling- online and retail. Macau is perhaps one of the biggest betting and gambling markets in the region- taking in as much as $29 billion in a year. Singapore also has a somewhat small industry. But the country manages to monetize the gambling industry. Sri Lanka is also in a bid to legalize gambling to help improve the local economy.

With a global surge in developing the gambling and sports betting industry, India could stand to earn billions in revenue from casinos and sportsbooks. There are more innovations in betting technology. Having the means to allow you to add cryptocurrency to your bookie operation, or offer live dealer casinos, for instance. These can help boost the potential to earn more in the industry.

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