Sports betting is one of the most popular trends in the gambling industry, which is one of the fastest-growing industries in the global economy. In 2019, the whole gambling market was estimated to $12.5 billion worth in the United States, and it is predicted to rise even more in the next five years. Gambling has long been a part of Indian culture, and sports betting in India has been increasingly popular in the country in recent years. Indian nationals have access to a large range of sports betting sites online, but it can be tough to determine which are the best to play at.
Is Sports betting Legal in India?
Despite legal disputes, the Indian sports betting sector is a major business. Even though the fact that there has been much debate about whether or not online sports betting is allowed in India, the sector continues to grow in popularity among Indian citizens. Continue reading this article to find out three reasons why online sports betting is becoming more popular in India.
Indians are Increasingly Using their Mobile Phones
Another factor contributing to the increase of online sports betting in India is that Indians have been spending one-third of their daytime on their mobile phones since 2020. Many sports betting sites feature apps or websites that are easy to use on a smartphone, which appeals to a large number of individuals. One can conclude that Indians spend more time on their mobile devices than on their computers and laptops. This is undoubtedly one of the primary reasons for the rapid growth of online sports betting in India.
Sports Betting is Likely to Become More Legalized in the Future
While online betting is not prohibited in India, sports betting does operate in a gray area. Indians are not particularly prohibited from using online betting sites situated in countries where online sports betting is permitted. Because India considers sports betting to be illegal, betting sites must be situated outside of the country to be legal. However, based on the increasing number of Indian people who bet on sports online, it is probable that India could soon legalize online sports betting.
Sports Betting is Becoming more Popular due to the Popularity of Cricket and Football
Cricket and football are perhaps the two most popular sports in India. The preference for these two sports among Indians has undoubtedly boosted the country’s online sports betting sector. Football and cricket fans make up the largest percentage of online bettors. This is why most online betting sites that cater to Indians focus on the cricket and football market. It is unknown whether the sports betting market would exist without cricket and football, but if it did, it would not be nearly as popular as it is now.