The online betting industry in India is currently worth around $60 billion and is expected to grow to $160 billion by 2025. This rapid growth is due to the increasing popularity of online betting among the Indian population.
Indians bet on cricket, NASCAR (the National Association for Stock Car Auto Racing) which you can explore further at NASCAR picks, and numerous other sports.
There are a number of reasons for the growing popularity of online betting in India and we’ll dedicate this text to exploring all of them.
Let’s get started without much further ado.
The history of online betting in India: How it all started?
The history of online betting in India is a relatively short one, but it is undoubtedly a history that has been growing rapidly in recent years. The first online betting sites in India began appearing in the early 2000s, but it was not until 2008 that the industry really began to take off.
India has a large population with a strong interest in sports, both playing and watching, and the internet penetration rate has been increasing rapidly, making it easier for people to access betting sites. On top of that, the Indian government has been relatively relaxed in its approach to online sports betting. Such an approach is probably the most crucial factor responsible for the expansion of this industry in this country.
What are the crucial factors responsible for the growing popularity of online betting in India?
The first crucial reason online betting in India boomed was when people realized it is a lot more convenient to bet online than go to land-based establishments.
The second crucial reason why online betting is gaining popularity in India is that it is a much safer option. When you bet online, you don’t have to worry about carrying large amounts of cash with you, and all of your transactions will travel through secure channels, so you can always rest assured that your money is safe. After all, isn’t that what all of us are most concerned about when it comes to sports betting?
How to get started with online betting in India
Now, after reading our detailed outline of the online betting market in India, you may have developed a newfound interest in trying it out. If so, follow through with the next couple of tips that can greatly help you at the beginning of your gambling spree.
1. Before registering for any online betting website make sure it’s licensed and regulated by a reputable gaming commission. That’s your primary guarantee that the site is operating legally and that your money is safe.
2. Check to see if the site offers a good selection of games and betting options. You should be able to find a game or sport that you’re interested in betting on, and the site should offer a variety of ways to bet.
3. Read reviews of the site before you deposit any money. See what other users have to say about their experience with the site as they will always provide the most sincere insights. If there are a lot of negative reviews, it’s probably best to avoid that particular site.
We hope you enjoyed our text about the outline of online sports betting in India. If you decide to take it up we wish you the best of luck and want to remind you to always be on the lookout for fraudulent websites.