The Rise Of Online Sports Betting In India
In recent years, when the digital world came into trend, online sports betting in India made a significant place in the heart of sports enthusiasts. The industry of online betting has made an irreplaceable place in the sports industry and among sports enthusiasts. More than 380 million people in India are betting online on sports like cricket, football etc. In this blog we are going to learn about rise of online betting in India from non- digital world to this trending digital world.
Historical Context:
Off paper betting was in trend in India from history. Gambling and betting have rich history in India. Many kings of history were involved in betting and gambling like Horse Race Betting and many other sports. Stock market betting was there from last century which was very much in demand at that time. However, today’s online betting system involves so many people while in previous time when online or internet thing was not there, there were very less people involved in betting. Betting was the game of royal families back then.
Evolution of Online Betting in India:
In previous times, when very few people were involved in betting in very fewer sports, after the evolution of this digital world, more then 380 million are involved in online betting only in India if we are not involving other countries. If we do involve other countries, there are more than 400 billion people doing online betting which is huge. The number of sports fans are not less, neither in India nor any other country.
Popularity of Online Betting in India:
According to the surveys of recent years, we got to know that India is the largest market of online betting leading so many online gambling platforms for betting. According to the surveys of 2023, the yearly turnover of India in gambling was more than 250 crores including all the leading gambling platforms. This figure can grow more than 400 crores by 2028 according to the surveys.
The popularity of online gaming or betting is huge among sports fans of India. Online cricket betting was so much popular amongst the cricket fans after the start of Indian Premiere League (IPL). Sports fans are everywhere whether in cricket or football or take any other sports in count.
How Online Betting came in Trend in India?
There has been a significant rise in Online Betting in India. Let’s learn about How Online Betting is a trend now.
There are many factors involved influencing the rise of online betting in India-
1. Free Internet Access: –
The Internet was provided for very little amount and speed of internet was very fast which led the population to surf the internet. Meanwhile sports fans when see the
opportunity of online gambling or betting, they got involved there seeking the opportunity.
2. Gambling was popular: –
Gambling has normalized in recent years. Every other person involved in this field as a part time, and they started enjoying their betting journey. It was made legal in India and many people got involved.
3. Pandemic Era: –
We all are aware of the Covid-19 Pandemic. We all were Quarantined in our homes and were not allowed to go outside. At that time, people were majorly involved on the internet and on social media platforms. Sports enthusiasts got involved in online gambling platforms and many people made money out of it. Covid- 19 made sports fans surf the internet and leading online gambling platforms in India.
Legality of Online Betting:
The legality of Online Betting in India is a complex topic to talk about and it is still evolving. Some platforms in online sports betting have made a safe place while some are still struggling with legality issues in India. Many sports betting is there which are illegal but still they own a conservative place. The legal ambiguity has prompted calls for comprehensive legislation to address the challenges and ensure responsible gaming practices.
Future of Online Betting in India:
Online Betting in India is still evolving and will continue to evolve among many sports fans. The future of online Betting holds both Challenges and Opportunities. The integration of evolving technologies, such as blockchain, can enhance security and transparency, addressing some of the concerns associated with online betting.
