Rise of Sports betting in India

Indians love sports and any games that are related to sports and when they can earn something for their knowledge, there is no particular reason that they would keep themselves away from such games. Yes, there are legality issues and there is the law too but there are loopholes as well.

Gambling has been around in India for decades now. The Central law that was created to stop people from gambling is way too old and people have found a way to play the game without any consequences. According to reports, the revenue that was earned through gambling in 2019 was around 13 billion dollars and this is expected to grow in manifolds by 2025. The recent pandemic, in fact, had improved the numbers. Since the whole country was in lockdown, they were trying to get into keeping themselves busy and they found gambling. During 2020 alone, India witnessed a 60 percent increase in numbers according to a report.

Sports Betting and Legality

Since the law for gambling and betting in India is way too old, there is no specific law to stop people from online betting. While there are a few states that had banned online betting as well, the country is way too big to survive without them. Considering the profit that is being earned through online gambling, Government are likely to come up with a good law in such a way that it would be a win-win situation for both players and the government. The Government might come up with some kind of taxes and proper laws in near future.

Indians and Internet

Ever since the growth of the internet, Indians are finding different ways to make use of it. With the introduction of mobile internet, the world has become a different place and major companies are making sure to utilize this opportunity and most of the gambling sites these days have come up with mobile apps which will allow users to play from wherever they are. Unlike those days, people can play the game even while they are away from home, literally, anywhere. When you want you just need to login and start playing. Many platforms have both website and app like betway and parimatch. If you have already account, then you can login where you want. Betway login ask username and password for that. Some platforms may ask mail ID for login.

More options

There are more options in store for the users in an online game. Unlike physical betting, online betting allows one to play from their convenience and there are multiple options for everything, starting from payment options. Also, there are different type of games available online. This will allow users to stay hooked for hours. Another major hit is the regional languages. Major sites provide the entire service in Hindi language which has attracted more users in recent times. Also, the introduction of local games along with cricket and other sport has really helped the growth of online gambling.

Talking more about sport, India is a cricket crazy country and users are ready to consume the game in literally any form. This has worked well for major sites like parimatch sport book that have come up with a better platform for betting to happen.

Apart from all these, the online gambling services also provide a few add-on services apart from the attractive sign-up bonuses. Some of the major applications are like one-stop destinations where the fans can watch the game as well. The live streaming is one big hit here.

Conclusion:

Gambling is at an all-time high in the country and is still growing at the moment. One can expect the numbers to go manifold in upcoming years and it is high time that the government should come up with proper laws.

Irrespective of what they do, there is always going to be a black market and there will be gambling too. Thus, the Government can see through it, find a way to regularize things and can provide proper laws for the same.

One of the best things the Government can do is to provide a play limit. A limit in both time and money can help people to keep things in control and they can add more taxes to the gambling services too.

Nevertheless, it is very important to be responsible while gambling because of the money involved. Also, before getting into anything, read your state law first.