Rakesh Jhunjhunwala is a billionaire and stock market investor who is also known to be a part of the gambling industry as the part-owner of the Casino Royale Goa. Jhunjhunwala has predicted that India will legalize gambling in the country very soon. He added that it would be difficult to legalize it since India’s view is negative when it comes to this type of entertainment, but he believes that the change will take place in the near future.

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Jhunjhunwala gave a speech during the TiECON Summit that took place in Mumbai less than a week ago, and he made a bold prediction related to gambling in India. Since Goa is the only Indian state that has officially recognized gambling and has casinos, he stated that he hoped other states would follow Goa’s steps and do the same in order to legalize all forms of gambling.

Furthermore, Jhunjhun stated that he believed there was a bright future for the economy of India, generally speaking, and that Bharatiya Janata Party would thrive as well. He stated that he expected the party to win the Lok Sabha elections, which should take place later in 2019.

Who is Jhunjhunwala?

Rakesh Jhunjhunwala is a billionaire and an investor who has been actively promoting gambling in his home country. He and his wife are both shareholders in Delta Corp. Lit, which is the only gambling company that currently exists in India. They own about 7.3% of the company and serve on the board of directors for it.

The net worth of Jhunjhunwala at this point is estimated at $2.7 billion due to his investments. However, he is not only interested in the development of the casino industry in India and has been investing in various projects as well. One of the most prominent investments was in Nazara Technologies, which is a company creating social and casual games.

Moreover, the billionaire added that gambling would be legalized just like alcohol had been legalized and that the authorities take time to accept that something needs to become a part of the society and become legal.

There was a lot of turmoil in India regarding gambling last year, as some states even tried on prohibiting every game of luck, including poker tournaments. On the other hand, some argued that poker is a game of skill above all else and that it should not be banned as such. However, until the agreement is reached among all states, there will be no gambling activities allowed in them, except for Goa.

The future of India remains uncertain from the perspective of the casino industry. If gambling becomes legalized, India will become one of the biggest gambling markets in the world, up there with Macau and Las Vegas.

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Okay! So, you are finally ready to try your luck at an online casino. With online casino gaming reaching an unprecedented level of popularity and an increasing number of casinos in the online world, it ain’t a hefty task to select the right casino. However, when it comes to the deposit methods, things can get a little messy.

Typically, beginners find it very difficult to understand the different deposit methods available to them. They fail to figure out the best and quickest way to deposit money and get started with fun casino gaming. Additionally, since every payment method comes with a number of advantages and disadvantages, choosing an ideal method becomes no less than an uphill battle.

But, don’t you worry! This handy guide explains all the best methods that allow you to deposit money securely, easily and quickly.

• Pre-Paid Cards

This is one of the most used payment methods by Indian players that allows them to deposit money with the convenience of a debit or credit card. What’s important here is to note that these are pre-paid cards. So, you will have to buy the cards, get them prepaid with enough amount and then use them to deposit the fund. Once you have deposited the money in your online casino account, the pre-paid card will work like a regular debit or credit card.

• E-Wallets

Owing to their convenience and simplicity, e-wallets such as PayPal,Skrill, and Neteller, are becoming very popular among the Indian players. The best part about this deposit method is that the transactions are very quick and are completed within minutes most of the time. These wallets allow people to deposit money in a range of currencies, which also includes the Indian Rupee. Not just this, e-wallets come with currency conversion benefits that facilitate borderless transactions, without any government interference or control.

Hence, without any doubt, you can use e-wallets as your ultimate depositing method. These are –

• Safe and secure: While depositing funds, e-wallets offer complete privacy and security. None of your data is disclosed or shared with third parties and you can even check the transaction history.
• Reliable and quick: E-wallets offer reliable and quick payment solutions round-the-clock. Even if you are a beginner, you won’t feel any problem using them.

• Mobile Payments

In recent years, mobile online casinos and mobile payments is gaining popularity. However, it is just in its early stages of development. Hence, you may not find this option in all the casinos online. If you prefer this deposit method, do check with the casino beforehand.

Since 2003, Boku is one of the most favored mobile payment systems that allow you to deposit money without using a debit/ credit card or an e-wallet. Another mobile payment options that you can consider, include Zimpler and PayForIt.

• Bank Wire

This deposit method is one of the most preferred options as it allows for quickly depositing the funds often with a small fee. This additional fee might disappoint you, but, if you have a huge amount to deposit, this can be the best way out for faster and safer payments. The money gets transferred to the casino’s account electronically from your account (i.e. the user’s account). While depositing funds through this method, you need to keep a few tips in mind. For example, you must inform the bank for depositing money using the bank wire method. To quickly complete the transaction within 24 hours or 5 days, do keep a note of the BIC and IBAN codes.

• Debit Cards

This payment method is very popular for its ease and speed of transaction. All the best online casinos accept cards, such as Visa, Laser, Maestro and Switch. This also implies that your transactions are protected by the security features offered by the renowned banking providers. Further, it should be noted that casino sites accepting debit card as deposit method also offer other benefits, for example –

• Security of funds
• Extensive range of games
• real cash bonuses

Having said that, it might be difficult to use a debit card for direct payment of the deposit amount to the casino’s account. This is because some banks in India are very conservative about allowing transactions to online casinos or gambling sites. Hence, you need to check whether or not the bank from which the debit card is issued allows for such transactions.

• Bitcoin

Cryptocurrencies like Bitcoin is a widely used deposit method accepted by most of the online casinos. This deposit method allows a player to speed up his payment time and that too with no or a very minimal transaction fee. Hence, within just a few minutes, you’ll be able to make deposits with ease of use, increased transaction speed, and improved level of security.

Can I Make Deposits Without Using a Bank Account?

Most of the times, it is observed that Indian players do not wish to make deposits at online casinos through their bank account. In rare cases, they even do not have a bank account. So, what to do in such cases? Is casino gaming not possible for people who don’t wish to use a bank account?

It is possible. Yes, it is.

Most of the online casinos allow Indian players to make deposits without using a bank account. This might come as a tricky task for you in the beginning. However, eventually, you’ll get used to it. You can buy a Paysafecard from any nearby local reseller and use it to deposit the money.

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Paysafecard has not been officially launched in India. Hence, you will have to locate the resellers with more effort. Typically, you will find some of these resellers in Mumbai, Chennai and other bigger cities of India.

Another viable option is to ask help from MasterCard or VISA card holders. Ask them to transfer the desired amount into your e-wallet account in exchange for cash.

Top Online Casinos In India

Now that you have understood the right and the best methods for depositing money at an online casino, its time to figure out the most reliable casino sites that accept these banking options for Indian players.

Scroll down to check the list.

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The best part about these online casinos is that they are licensed by recognized authorities, like the Malta Gaming Authority and the United Kingdom Gambling Commission. These online casinos provide you with a secure, fair and safe environment. All you need to do is to opt for the best method, so as to qualify for casino bonus offers. Also, do check the deposit limits to avoid going beyond your bankroll.

Payment FAQs

You are now all set, to get started with online casinos. But, before that, do get acquainted with some questions that are frequently asked by the beginner casino players in India.

What To Keep In Mind Before Choosing Any Deposit Method?

You need to make sure that the method is easy to use, secure and also approved by a higher authority.

Which Deposit Methods Are The Fastest?

E-wallets are considered to be the fastest method for making deposit at online casinos. Since they are specifically designed for online usage, they are optimized for speedy payments. Debit and credit cards also give you the convenience of faster payment. However, that depends on your service provider.

Which Is Better e-Wallet Or Debit Cards?

Both options are good; it completely dependent on one’s preference as to which option to choose. Some people trust the security of debit cards, so they stick to it. While some stick to e-wallets as this method does not require sharing personal banking details online.

Which Deposit Methods Are The Safest?

All the options listed above are highly safe and secure. Every method you use protects your transaction in a different way. For example, if you choose a Paysafecard, it provides you with a 16 digit security keychain. Similarly, if you use a credit card for depositing money, the credit card company secures your transaction by providing you with reliable insurance and fraud prevention protection. This way your identity and transactions are protected against fraud.

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What If I Face Problems While Depositing Money?

In case of a problem, you can contact the customer support operators, who are available 24/7/365 to resolve your queries. Most of the top casino websites offer email, telephone, and live chat support along with multilingual customer support agents.

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So, what are you waiting for? Create an account at a trustworthy online casino, deposit money (using any of the methods mentioned above) and finally, get started with an awesome casino gaming experience online.