India has become an attractive market for international betting companies. Read on to find out why and what the future holds.
The rise of international sports betting in India has been phenomenal. The global betting industry is worth more than $1 trillion, and it is all set to grow with the emergence of new markets like India. In this article, we will discuss how online sports betting has grown rapidly in India over the past few years and why Indians are increasingly choosing to bet on sporting events from overseas websites rather than those offered by domestic bookmakers.Growing Internet Penetration
Indians are using more internet and mobile apps and fewer desktop computers to access the internet than ever before. The number of Indians using their smartphones for accessing the web has grown from approximately 145 million in 2016 to over 200 million in 2017 (KPMG). This trend is expected to continue at a rapid pace, with nearly 650-700 million Indian smartphone users by 2021 (Hike Messenger). With an estimated 80% of these new internet users accessing the web on their mobile phones, India has suddenly become a very lucrative market for online betting.Growth of Technology
Indian people are embracing technology in every aspect of their lives. Even sports betting is not immune to this trend, and more people than ever before are discovering the thrill of online gambling in India. A lot has changed since the days when you had to go into a casino or attend races at an Indian racetrack; now, you can place bets on any game that interests you in the comfort of your own home.It used to be impossible, but now it's easy to place bets online on cricket games taking place all around the world using Indian and international sports betting websites.
Sports Betting Is Likely to Be Legalized in the Country
Considering the growing popularity of sports betting in India, the Government is likely to legalize it in the coming times. The continuous rise in the number of betting sites offering international gambling can also contribute to the legalization. The Indian Government has formed a committee to look into how online sport-betting can be regulated for legal purposes and bring about its legalization.Leading International Betting Companies Are Present in India
Many international betting companies such as Ladbrokes, Bet365, and William Hill have their presence in India. Indian sports bettors can access these gambling sites through the Internet or by using Smartphone apps to place bets on various sporting events taking place globally.The growing popularity of sports betting in India has become a cause for concern among authorities, and they are likely to take stern actions against those indulging in such activities. The State Government is also initiating steps to curb the use of gambling sites and bring about their regulation under its purview. However, it is important that rules and regulations be formulated for the legalization of sports betting in India to bring about transparency and protect interests.
The Popularity of Various Sports in the Country
Each year, a large number of sporting events take place in India as well as across the world that attracts millions of viewers and betting enthusiasts. Some popular sports include cricket, football, hockey, etc., which are followed by Indians from all walks of life to make bets on them. There are many Indian online betting sites like 10Cric, which brings sports betting on a wide range of games, including Cricket, Kabaddi, Football, Wrestling, etc. You can check out the review of 10Cric if you are looking to engage in an Indian betting platform.An Excellent Form of Entertainment
Sports betting can be an excellent form of entertainment for people of any age. There are many forms of sports that you can bet on, including traditional team sports like football and rugby, as well as more niche events such as mixed martial arts or horse racing. Sports betting is an excellent way to remain entertained and involved with sports you currently enjoy, as well as discover new sports that you may not have previously considered.Indians Growing Inclination Towards Online Sports Betting
People who love sports betting are not doing it because they want to lose money. They enjoy the thrill and excitement that comes with gambling on their favorite teams or players. There is an added factor of pride that often drives people while opting for online sports bets, as you can place your bet without having anyone around you knowing about it. This is the reason why many people around the world take an interest in online sports betting. Indians have shown a great interest in online sports betting, which has encouraged international betting sites to make their presence in the country.The Future of Online Betting In India
With the advent of technology and development in communication systems, even remote areas have access to internet facilities. It will be interesting to see how legalizing sports betting can reduce corruption while also bringing about transparency into this sector. The Government has taken steps towards legalizing online gambling sites, but it is important that regulations are formulated for proper implementation so as to protect the interests of all concerned.
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