What is Online Poker and Rummy?
Poker and Rummy are very famous played card games offline and online. Both these games have many distinctions and similarities; the main similarity is that both games need many skills to form the right tactics and win.
Poker and Rummy are played to socialize with friends. Both are fun to play and can even win you some money. The main difference between poker and Rummy is the gameplay. Rummy is played with 13 cards dealt to each player, but in poker, the minimum cards dealt are 2 to each player.
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Online Poker and Rummy Market size in India
The India Online poker and rummy market size was USD 85 billion in 2022, and it is expected to reach USD 170 billion in 2030 with growth at a CAGR of 12% during the forecast of 2022-2030. India's market has grown to be an emergent marketplace for online gaming. With the adoption and development of technology, the online gaming industry in India is experiencing phenomenal evolution and has developed to be one of the developing industries, among others. India's online gaming industry has also grown and witnessed a notable shift in the past few years due to the rapid increase in virtual infrastructure, growing smartphone affordability, and growth of the internet user base. Also, there was a great boom in the sales model, from in-app purchases to actual real-money games like online poker, everyday fantasy, and online rummy, and the virtual ability of video games has caused a top-notch boom within the gaming industry.
Growth Drivers of India Online Poker and Rummy Market
Integration of Artificial Intelligence in Gaming Platforms to Enrich User Experience
Online poker and rummy companies invest in new technologies to enhance user experience. Artificial intelligence is influential in offering new features and functions in the mobile gaming industry. Application and website developers are embracing AI to deliver a better customer experience. Integrating AI with these systems supports analyzing the user's gaming interests and behavior. It helps suggest names aligning with the players' interests, thus improving the customer experience.
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Opportunities
The Comfort of Online Payment to Drive India Online Poker and Rummy Market
The comfort of remote payments produces extensive opportunities for online gamblers to promote and drive cash flow in the business. For instance, Visa Inc. and MasterCard offer secured debit and credit payment options for online poker and rummy accounts. Similarly, companies such as PayPal and Neteller are offering E-wallet services for online gaming. Moreover, Neteller also provides transactions in many currencies without applying transaction fees. Thus, the availability of secure digital payment platforms is expected to fuel the demand for India online poker and rummy market.
Restraints Online Poker and Rummy Market
Growing Adverse Consequences on Mental Health
The growing adoption of online gaming amongst users is creating adverse effects on mental health. The increasing addiction to easily available online gaming platforms challenges the user to maintain mental balance. Owing to this addiction, the number of suicide cases has been increasing yearly. On observing the growing cases of increasing betting debts in years, The other addictive poker and rummy effects are pathological gambling, also known as compulsive gambling. The long-term effects of this kind of gaming might trigger chronic stress and hypertension issues.
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Regulation for Online Poker and Rummy
The powerful step seems like an easy way out for the government because regulating means increasing state capacity, which would put more responsibility and responsibility on the government. It is easy for governments with weak state capacity to kill a sector or make it a source of black money (through selling in black money) for politicians and administrators instead of growing state capacity to regulate. The incentives here are misaligned, especially for bureaucrats responsible for regulating sectors on behalf of the government. While keeping things legal points to more tax revenues, more formal employment, and thus more money for entrepreneurs and citizens, banning them means more kickbacks to bureaucrats because even when banned, these actions keep going in the black market, with some part of the earnings going to regulators
Pre Covid-19 Impact on India Online Poker and Rummy Market
Before the covid-19, it especially has seen high-quality games from the poker industry, from poker leagues to value-pushed partnerships, the release of a poker college, and a large boom for the poker operator. Currently, the enterprise is worth Rs 400 crores approximately and is a primary supply of trade and sales in India, with numerous entities enthusiastically exploring and making investments in the online poker space.
Covid-19 Impact on India Online Poker and Rummy Market
During the covid-19 period, the pandemic has increased the demand for online poker and rummy games in India. The temporary closure of colleges and the increasing adoption of work-from-home policies will likely drive the growth of the India online poker and rummy market.
Post Covid-19 Impact on India Online Poker and Rummy Market
After the covid-19 period, Online poker and rummy gaming was an emerging technology across the gaming industry, which allows the user to flow high-end games across hand-held machines, such as laptops, tablets, and mobiles, with quick network connectivity, thereby eliminating the requirement for a regular hardware upgrade or a gaming console/PC/laptop. Such key factors are expected to impact the market’s growth positively.
Online Poker and Rummy Market are Segmented into:
By Type Segmental Analysis
Based on the type, the Indian online poker and the rummy market is segmented into Poker and Rummy. The poker segment accounted for the largest Indian online poker and rummy market share. Online poker is experiencing an influx of players who need to become more acquainted with poker and skill games. For them, technical excellence or specific pro features are less important, but they need a lot of entertaining options like emojis, video avatars, throwing reactions and various objects at the table, etc.
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By Payment Type Segmental Analysis
Based on payment type, the India online poker and rummy market is segmented into Credit Card/ Debit Card, Wallet and Bank Transfer. The e-wallets segment has dominated the largest share in the India online poker and rummy market. E-wallet automatically loads the user’s information on the payment form. To start the E-wallet, the user requires to enter his password. Once the online payment is completed, the consumer is not needed to fill the order form on any other website as the information gets stored in the database and is updated automatically, which is an easy and time-saving method for customers.
By Platform Type Segmental Analysis
Based on platform type segmental analysis in India online poker and rummy market is segmented into Mobile app and website. The mobile app segment is estimated to account for the largest Indian online poker and rummy market share in the forecast period. The innovation in data technologies has also marked a remarkable boost in online poker and rummy experiences, especially in real-time multi-player games like rummy. Most major online poker and rummy websites are mobile-compatible, making it uncomplicated for the players to log in from their smartphones and play without a hitch. This mobile gaming experience has evolved from the ‘Snake’ for monochrome phones to ‘Infinity blade’ for iOS, which increases the number of mobile users in India’s online poker and rummy market.
Competitors Analysis
The companies include Royal Panda Casino, Betway Casino, LeoVegas AB, Jackpot City Casino, PokerStars, Adda 52, Khelo365, Spartan Poker, PokerBaazi, Ace2three and other prominent players in the India online poker and rummy market.
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Recent Developments in Online Poker and Rummy Market
· In September 2021, the Karnataka government announced to ban online gambling and betting.
· In August 2021, EvenBet Gaming entered the Indian market with the new poker game ‘Call Break.’
· In August 2021, Nazara Technologies Ltd announced a 100% stake acquisition in Hyderabad-based skill gaming company OpenPlay Technologies for ₹186.4 crores.
· In March 2021, PokerStars owner Flutter Entertainment acquired a 50.1% stake in Indian online rummy operator Junglee Rummy for USD 66.2 Million.
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About this Report
This India online poker and rummy market report provides growth drivers, latest opportunities, Segment revenue, covid-19 impact, restraints and major players. In addition, this report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the market, along with changing dynamics and trends.
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