As of 2019, the field of online betting is growing rapidly in India. This is due to many reasons. Against this backdrop, great brands are emerging to offer their services in this market.
Explore more about the reasons why sports betting is so in demand in the country.
7 Reasons Why Online Betting Is On the Rise
There are many reasons why more and more players from India are signing up for betting sites every year. Their number is growing all the time, and the interest in brands in the country is only increasing.
1. The Popularity of Football and Cricket
The very first and foremost reason is that Indians love cricket. It is the national sport in which various domestic and international tournaments are held. And Indian leagues take part in them all the time.
Considering that cricket is not such a common game in the world, Hindus are extremely enthusiastic about it. About 80% of all bets are on this sport. The remainder is taken up by soccer, which is popular all over the world.
Against such a background, people want to combine watching matches with betting on them. This makes the pastime more fun, and the result is probably more profitable.
2. The Legality of Online Bookmakers
As you know, in India all gambling activities are prohibited, especially betting on sports. However, the country’s legislation does not say anything about the fact that players cannot use online bookmakers. This suggests that betting sites operate legally in the country. This emphasizes safety and reliability.
India has about 1.4 billion people, 749 million of whom are active Internet users. About 140 million people are avid sports fans. We conclude that the potential market of users is quite large. And thanks to the fact that the Internet is widespread, all these people can safely use online bookmakers.
In turn, betting sites are convenient because they can be used anytime, anywhere. Many of them even offer mobile app services. Thus, it is convenient and affordable.
4. Young Generation
India is considered a country dominated by a young population. The average age is 28 years old. This figure is higher than in most countries of the world. And these are precisely the people that betting sites are targeting to a large extent.
5. Huge Betting Market
Despite the fact that the country banned the advertising of casinos and bookmakers, they still do it on the expanses of the Internet. Players constantly see interesting commercials and attractive splash screens when they are watching a movie or just looking for something. Brands are remembered in their minds, and betting becomes more and more intriguing.
Impact of Sports Betting on Indian Economy
Sports betting has become increasingly popular in India in recent years as an increasing number of people pursue different forms of gambling, including cricket and football.
Positive Effects: According to some research, around 10 million Indians are already active players and this number is expected to rise quickly in the coming years. This shows that there is a clear demand for this form of entertainment which brings revenue for the government through taxes from these activities. The revenue generated from sports betting can be used for public welfare projects, infrastructure development or educational initiatives. Additionally, many small businesses have sprung up on digital platforms as intermediaries between online sportsbooks and potential customers.
Negative Effect: On the other hand, there are several negatives related to sports betting such as addiction which can lead to financial losses and grievous implications on an individual’s personal life. Many people have been entrapped into fraud schemes laid out by illegal operators operating online sites within India without proper licensing or legal protections for customers. In addition, it is difficult to measure how much money these operators are making since almost all transactions take place only within their site with no external accounting involved; this raises questions about its legality and lack of accountability for customers’ funds or wins related to sports betting.
7. Good Bookies
The last and most important reason is that there are really top and quality bookmakers in India, like 4rabet. They actively promote their honest and safe services, have legal status in the world due to their licenses, offer great bonuses and payment methods for deposit and withdrawal, 24-hour support service, beautiful design and user-friendly interface, mobile application or version, a huge selection of sports events and types of betting at good odds. And all this can not fail to attract. Let’s take a look at one of the best online bookmakers in India.
In conclusion, sports betting is on the rise in India. This is due to a number of factors, including the increasing popularity of online gambling and gambling mobile apps, an increase in access to sports channels and streaming services, as well as the growing presence of sports betting providers in the country.
Now you have an idea why online betting in India is so popular. Moreover, it is so developed because it is legal and profitable. There are a huge number of foreign sites in the country that offer their services safely. Just start to play online 4rabets.in. It is one of the best brands in India. After that, you will understand why online betting is on the rise in India.