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The India Online Poker and Rummy Market to Reach USD 3415 Million By 2028

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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And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


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• What will be the market potential?


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The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


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Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

   •     Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR