The Indian gaming market is far from reaching its potential, industry experts said.

According to the Global Market Advisors LLC (GMA), casino gambling in the country could potentially reach US$10.2 billion annually by the year 2025, thanks to the growing number of middle class residents with a healthy appetite for the casinos. However, the country don’t have enough gaming establishments that will cater to this “vastly underserved” market.

India’s current population stands between 1.25 and 1.30 billion, but its casino offerings combined with Nepal and Sri Lanka only amounts to 730 tables and far fewer slots. This means that each table game serves an estimated 1.7 to 1.6 million people.

“It is important to note that [our] gaming revenue [estimate]… would be generated by 20.3 million middle/upper class adults, which accounts for only 1.4 percent of India’s projected total population in that year [2025],” said GMA’s director of research and analysis Kit Szybala in a paper.

The Indian gaming market is far from reaching its potential, industry experts said.

According to the Global Market Advisors LLC (GMA), casino gambling in the country could potentially reach US$10.2 billion annually by the year 2025, thanks to the growing number of middle class residents with a healthy appetite for the casinos. However, the country don’t have enough gaming establishments that will cater to this “vastly underserved” market.

India’s current population stands between 1.25 and 1.30 billion, but its casino offerings combined with Nepal and Sri Lanka only amounts to 730 tables and far fewer slots. This means that each table game serves an estimated 1.7 to 1.6 million people.

“It is important to note that [our] gaming revenue [estimate]… would be generated by 20.3 million middle/upper class adults, which accounts for only 1.4 percent of India’s projected total population in that year [2025],” said GMA’s director of research and analysis Kit Szybala in a paper.

In this week’s Calling the Clock we bring you news of an 18-0 vote for California’s latest online poker bill, the World Series of Poker reveal digital changes, and much more.

I have no idea how close California are to implementing a fully regulated and licensed online poker market, but the news that Adam Gray’s AB 2863 bill received 18 thumbs up, and not one thumb down, in the state Assembly Governmental Organization Committee on Wednesday, must be positive news, right?

Gray still has a lot of work to do. The racing sector, once a thorn in online poker’s side, is now a supporter after Gray’s bill promised to gift wrap a $60m annual kickback if they turned from dissenter to supporter. But there is still a lot of work to do in finalising the wording around the ‘bad actor’ clause hastily including this week. Until that elephant in the room is squeezed out of a door of Alice in Wonderland proportions, I’m afraid status quo remains.

It’s not all bad news for Americans. They can still buy guns at Walmart, and play online poker in Nevada. If they head over there during the World Series of Poker (WSOP) this summer, they will have the opportunity to compete in over 500 online tournaments, win an online bracelet, and take home a share of $2m in guaranteed prize money.

In this week’s Calling the Clock we bring you news of an 18-0 vote for California’s latest online poker bill, the World Series of Poker reveal digital changes, and much more.

I have no idea how close California are to implementing a fully regulated and licensed online poker market, but the news that Adam Gray’s AB 2863 bill received 18 thumbs up, and not one thumb down, in the state Assembly Governmental Organization Committee on Wednesday, must be positive news, right?

Gray still has a lot of work to do. The racing sector, once a thorn in online poker’s side, is now a supporter after Gray’s bill promised to gift wrap a $60m annual kickback if they turned from dissenter to supporter. But there is still a lot of work to do in finalising the wording around the ‘bad actor’ clause hastily including this week. Until that elephant in the room is squeezed out of a door of Alice in Wonderland proportions, I’m afraid status quo remains.

It’s not all bad news for Americans. They can still buy guns at Walmart, and play online poker in Nevada. If they head over there during the World Series of Poker (WSOP) this summer, they will have the opportunity to compete in over 500 online tournaments, win an online bracelet, and take home a share of $2m in guaranteed prize money.