How Betting Apps Have Changed Real Money Gaming in India

December 6, 2021 Earnings & Filings Industry Updates

Many international betting and gambling companies now see India as an attractive market. The country’s gambling industry is already worth almost 1 billion USD. This number is also expected to grow as much as $112 billion in the next four years. With that, more people in the country will likely show interest in real money gaming including sports betting.

The legality of gambling in the country is a state subject but generally, gambling operators are only allowed in very few states like Sikkim, Goa, and Daman. This means that legal casinos and bookies in the country are only located in these states. Even if this is the case, Indians from all over the country still get to easily play at online casinos and bet on sports because of the internet.

The gambling laws in India may prohibit betting companies to operate within the majority of the Indian states. However, no law prohibits the locals from placing their bets online or on sites owned by offshore-based gambling companies. This is why the majority of the top 5 betting apps in India are based outside the country.

Why Do More Indians Bet Online?

Online betting is the more popular option in India and a closer look at how people place their bets online will reveal that going mobile is the way to go. This makes a lot of sense since India is a huge mobile user. Statista reported in August that India has over 749 million internet users and 744 million of them would go online with their mobile devices.