In the past few years, the online gambling and betting market has shown vast growth in India. The betting market in India is one of the most active ones in the world. Due to the easy availability of smartphones and the internet, players from India can easily visit any online betting site and bet on their favorite sports. There are many reasons behind the popularity of sports betting in India.
The growth of online betting has also been a subject of discussion among the authorities in India. In fact, multiple Indian states have banned betting and related activities within their jurisdiction. The online betting market in India has also attracted many offshore betting operators that provide friendly gambling platforms to Indian bettors. Here we discuss the reasons behind the growth of online betting in India and whether the government will legalize sports betting in India or not.
Reasons Behind The Popularity of Online Betting in India
There are multiple reasons behind the phenomenal rise of online betting in India. The betting industry is now worth more than a million in India. As the number of bettors is increasing in India, more and more betting sites have started entering the market. Here are some of the reasons behind the increased popularity of online betting sites in India.
Growth of Internet And Technology
With the growth of the internet and technology, the number of internet users has also increased. The advent of the internet and technology has resulted in a number of betting enthusiasts in the country. Now, players can enjoy betting with just their smartphones. The penetration of the internet and technology is one of the reasons why many offshore betting sites are entering the market.
The Popularity of Sports in India
India has many popular sports like Cricket that Indians love to watch. Since Cricket was introduced by the British, its popularity has constantly been growing in India. Online betting sites in India offer betting opportunities to players. Due to the popularity of sports like Cricket and Football, the betting users are increasing in India. Every year, many sports events and tournaments occur in India, which creates a huge enthusiasm in the people. Online betting sites in India allow Indians to place bets on a variety of sports like Football, Cricket, Hockey, and Tennis.
Vague Laws For Online Betting
The regulations over online betting or gambling are not clear in India. Each Indian state has its own set of regulations. States like Goa and Sikkim have legalized gambling and betting, while some states like Karnataka have banned all gambling activities within their jurisdiction. Sports betting has become a source of entertainment for many Indian players. From traditional Indian to offshore, there are many sports that players like to place their bets on.
