Reasons why sports betting has become popular in India
Sports betting is one of the most popular trends in the gaming industry, which is one of the fastest growing industries in the global economy. In 2019, the overall gaming market was estimated at $ 12.5 billion in the United States, and it is expected to grow even more over the next five years. Gambling has long been a part of Indian culture and sports betting in India has become increasingly popular in the country in recent years. Indian nationals have access to a wide range of online sports betting sites, but it can be difficult to determine which are the best to play.
Is sports betting legal in India?
Despite legal disputes, the Indian sports betting industry is a major business. Even though the fact that there has been a lot of debate about whether or not to allow online sports betting in India, the industry continues to gain popularity among Indian citizens. Keep reading this article to find out three reasons why online sports betting is increasingly popular in India.
Indians are using their cell phones more and more
Another factor contributing to the increase of online sports betting in India is that Indians have been spending a third of their day on their mobile phones since 2020. Many sports betting sites offer easy to use apps or websites on one site. smartphone, which is attractive. to a large number of individuals. It can be concluded that Indians spend more time on their mobile devices than on their computers and laptops. This is undoubtedly one of the main reasons for the rapid growth of online sports betting in India.
Sports betting is likely to become more legal in the future
Although online betting is not prohibited in India, sports betting operates in a gray area. Indians are not particularly prohibited from using online betting sites located in countries where online sports betting is permitted. Because India considers sports betting illegal, betting sites must be located outside of the country to be legal. However, given the growing number of Indians betting on online sports, it is likely that India may soon legalize online sports betting.
Sports betting is becoming more and 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 industry. Football and cricket fans make up the largest percentage of online punters. This is why most of the online betting sites aimed at Indians focus on the cricket and football market. It’s unclear whether the sports betting market would exist without cricket and football, but if it did, it wouldn’t be as popular as it is today.