The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Aman Pasari, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur
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The next big thing in the online sector is the upcoming poker industry which has spread its wings very soon in India. There is a huge demand for this game in India and with more people getting interested in the game, soon enough it will see the horizon of unprecedented success in the country.
Poker is considered as a skill based game in many of the Indian cities like Kolkata , Gangtok etc. The Government’s ruling in the favour of gaming industry has given a boost to the industry.Gambling which is banned in India is all set to make inroads to the country as with advent of poker sites the new trends will set in and break the traditional barriers of gambling in India.
A court hearing slated for January could provide true clarity about the legality of online poker sites in India and whether or not the game is gambling.
According to a report from Scroll.in, the Delhi High Court will discuss the country’s fledgling online poker industry that includes more than two dozen sites. Whatever it decides would be binding and set legal precedent for the entire country.
Thanks to a ruling last month regarding rummy for real money, operators of online poker sites have become more confident with their businesses and are starting to market more aggressively.
It has been estimated that as many as 500,000 people in India play online poker for real money, which creates a market worth roughly the equivalent of $214 million USD. The market could triple in the near future if the game is completely approved by the government, one operator told Scroll.in.
So India is all set to brace the poker industry with open arms and it is likely that it will pave way for the casino industry to settle in the country where people are breaking free from the traditional mind set and are getting opened to a new way of living .