The legal framework of gambling in Bangladesh is very limited, and the country lacks its own gambling companies. Although gambling has never been formally legalized in Bangladesh, the nation has been in discussion with many of its neighboring countries about the legalization of this activity.
As of today, online gambling has not been officially regulated in Bangladesh, and the government does not officially endorse any online gaming, as well as other online activities, such as buying and selling shares. In 2012, the national Lotteries and Gambling Board of Bangladesh issued licenses to three companies to operate gambling businesses. The three entities that received licenses were Dhaka Gambling City, Capital Club Ltd., and CineStar Limited.
In 2016, a legal framework for online gaming was adopted, but the legality of online gambling is still not clear, and Bangladesh is currently negotiating with the neighboring countries to legally regulate online gambling. However, you can still find international safe and trusted casinos that Bangladesh gamblers can play at; some of them are featured in Casinority ratings. There is no need to research the market yourself – Bangladesh online casinos are featured on Casinority Bangladesh.
Market Overview
The gambling market of Bangladesh is still underdeveloped, and there are a couple of reasons for that. The main issue that has caused the lack of a properly developed gambling industry in the country is the fact that many Bangladeshi people have a strong religious view about the subject. The country does not allow gambling in any of its mosques, and many people consider gambling a sinful activity.
In addition, the majority of the Bangladeshi population is very conservative. The main reason behind the gambling taboo in the country is the fact that gambling has been associated with superstitions and black magic. According to Bangladeshi culture, gambling is considered a negative phenomenon. Most of the population of Bangladesh lives in poverty, and they are unable to provide financial support for their families. Therefore, gambling is not a popular idea in the country. There are also no official statistics about the gambling market in Bangladesh, but it is expected that the number of gamblers will reach 3,000 in the near future.
Despite the fact that the gambling industry in Bangladesh is very limited, some major online gambling companies still operate in the country. In 2012, more than 20 online gambling operators were licensed in the country, and more than 250,000 people signed up for Internet gambling. By 2017, there were around 50 online gambling companies operating in the country, and more than four million people played online gambling games.
Gambling Games
The most popular casino games played in Bangladesh are roulette, blackjack, and poker. The casino games of Bangladesh are very similar to those of other countries. At least in principle, there is a lot of variety in online gambling. There are more than 30 companies licensed in the country, and each of them offers its own gambling products. We highly recommend trying a $1 deposit Microgaming casino that is available at this link.
Slot Machines
The first online gambling game that was launched in Bangladesh was a slot machine. In that game, players had to deposit 3,500 taka, which is about 8 GBP at the time of the launch. Nowadays, there are way more slot machines in Bangladesh, and the price of a game usually ranges between 2,000 and 5,000 taka. So gamblers have pretty a lot of options to choose from.
Online Sports Betting
The total value of bets placed through sports betting is estimated at around 8.5 billion taka per year. As of today, the most popular sports in Bangladesh are cricket, football, athletics, cycling, swimming, and other sports that are played in South Asia. The most popular sporting event in Bangladesh is the cricket match between Bangladesh and India. Each year, more than 10 million Bangladeshi people view cricket matches on television, which is the highest number of viewers of any event in the country.
Final Say!
Although the gambling industry is not so much developed in Bangladesh, it does have a bright future. And it is about to happen very soon.
