The online gambling industry has shown impressive growth, increasing from $37.5 billion in 2015 to more than $81 billion in 2023, with a compound annual growth rate (CAGR) of 9.6%. Betting activities now account for over 40% of the market, while online casinos continue to strengthen their positions through the introduction of live dealer games and mobile technologies. Want to join this growing market? Let’s explore how to develop your own online casino or sportsbook platform—from planning to launch.
Before diving into the technical side of development, it’s necessary to thoroughly study the market and create a detailed business plan. This will lay the foundation for your successful project and help avoid costly mistakes in later stages.
Conduct a thorough market analysis to identify regions with favorable regulations and a thriving online gambling industry. Consider key aspects such as the legal landscape, tax policies, licensing requirements, and competitive environment. Assessing market competitiveness and understanding regulatory frameworks are critically important for compliance and achieving success. For example, online gambling revenues in the US grew by 250% from 2015 to 2025 due to the repeal of the PASPA (Professional and Amateur Sports Protection Act) in 2018, which led to regulatory transformation.
A robust business plan serves as a roadmap for your gambling enterprise, defining strategies, goals, and operational guidelines. A well-structured plan is critically important for launching an online gambling business and moving it toward success. The business plan should include:
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The Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) outlaws the recreational use of cannabis products in India. CBD oil, manufactured under a license issued by the Drugs and Cosmetics Act, 1940, can be legally used in India for medicinal purposes only with a prescription, subject to specific conditions. Kindly refer to the legalities here.
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As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman, and Sikkim, prohibit gambling. Land-based casinos are legalized in Goa and Daman under the Goa, Daman and Diu Public Gambling Act 1976. In Sikkim, land-based casinos, online gambling, and e-gaming (games of chance) are legalized under the Sikkim Online Gaming (Regulation) Rules 2009. Only some Indian states have legalized online/regular lotteries, subject to state laws. Refer to the legalities here. Horse racing and betting on horse racing, including online betting, is permitted only in licensed premises in select states. Refer to the 1996 Supreme Court judgment for more information.
