With sports betting being one of the most popular trends, the gambling industry is one of the fastest-growing sectors of the world economy. In 2019, the total gambling market was worth $ 12.5 billion and is expected to grow even larger over the next five years.
Indian betting overs can find a wide variety of sports betting sites on the internet, but sometimes it can be difficult to figure out which online betting sites is best to play on. The Indian sports betting industry is big business despite the problems of legality.
There has been much debate about whether online sports betting is legal in India, but nonetheless, the industry is becoming increasingly popular among citizens. We will give reasons why online sports betting is rising in India if you continue reading this article.
- Sports betting is likely to be more legal
Online betting is not really illegal in India, but sports betting exists in some gray area. There are no specific laws that prohibit Indians from using online betting sites in countries where online sports betting is legal. India considers sports betting illegal, so betting sites must be placed outside India to be legal. But judging by the increase in the number of Indian people love to bet online on the sports, it is possible that India will soon legalize online sport betting in India the upcoming years.
- Indians use their phones more
Since 2020, Indians have been spending one-third of their waking time on their phones that is the another possible reason for India’s growing rationale for online sports betting. Many cricket betting sites have apps or websites that are convenient to use on your smartphone and that attract a lot of people.
It is safe to say that Indian citizens spend more time on their mobile devices than using their computers and laptops. This is definitely one of the main reasons why online sports betting is growing in India.
- The popularity of cricket and football contributes to the growth of sports betting
The love of India for cricket and football has definitely given a hike to the online sports betting in India. It’s not clear if the sports betting industry would exist without cricket and football, but it certainly wouldn’t be as popular as it is today without two sports. These are all great reasons why people should not wait to open an account with any bookmaker at their online bookmaker.