Betting in India is booming. During the 2021 Indian Premier League season, as estimated, 30 million Indians wagered $5 billion. Since a recent Supreme Court ruling, online betting has been legal in India. India is the “next frontier of growth” that the online betting industry has been waiting to mature for many years. Given that it has now grown in double digits, the wait is over. Experts say they have seen massive levels of engagement on online betting platforms. When it comes to sports betting, people are excited about being able to add this component to their viewing experience. It makes the game much more exciting for them than before.
A flood of new customers eager for excitement and healthy risk has made the betting and casino market swell. A large number of betting and casino platforms have emerged over the last few years in India, and onlinebetting.org.in, one of the country’s most popular betting review websites, has done a tremendous job at reviewing these emerging platforms to help betting and casino enthusiasts decide which platforms to use. Some Indian online betting platforms have grown so big that they have even expanded to other countries.
The Indian betting and casino industry is right now in the very early part of its innings. The revenues of the top plates in the industry is doubling year on year. The industry could grow to $60 billion in only a few years with the kind of growth it has seen over the last few years. In the third quarter of 2021, for example, the revenue of India’s top five betting and casino sites grew anywhere between 40 per cent to 60 per cent in comparison to the same period the previous year. Experts say no other market has seen such tremendous growth, not even China. These companies have said that their unique paying customers have also grown at a healthy rate, which indicates that Indians are taking to betting like aunts take to sugar lying on the floor. With the advantage of minimal risk, the taboo attached to betting and casino has also been dropped.
In the online betting and casino industry, experts said that the growth is likely to continue in the foreseeable future. The online betting market in India is expected to be at $10 billion by 2033, a recent report by a non-government think tank said recently. This means that the sunrise sector will see unprecedented investment not only for the generation of the physical infrastructure to support this growth but also in creating the technology on which it would run. Investments in technology are already making headlines, with major players making huge investments in artificial intelligence applications for use in betting.
Experts have argued that increased access to low-risk online betting will also lead to a decrease in the high-risk gambling business. The government has also endorsed this logic, saying online betting and casino business is much easier to regulate and do not threaten the law and order situation. These games have also been dubbed the “game of skills” by the Supreme Court.
The success of the online betting and casino sector in India is attracting huge investment from abroad, which has resulted in Indian platforms becoming much more efficient and user-friendly. Online platforms are much more reliable than before, and many have also come up with their own applications to make it easier for users to enjoy the game. With legal sanctions, making transactions on such applications and platforms used for online betting has also become easier. Users no longer have to find ways around regulations to enjoy betting.
With nearly no risk of addiction, which has been achieved through the innovative use of technology, people do not have to worry about limiting their time on these applications. However, before selecting the applications they use for betting, they must go through reviews of the websites they are considering using. Almost every betting and casino platform in India is very different from the other. Due to the large variety, it becomes very difficult to choose which platform to use. However, a quick glance through the reviews of major online betting and casino platforms by real users will help you make the best decision.
Some new sectors like cricket online betting and blockchain-based sports betting are also witnessing huge investments. Some of India’s major betting players like Dream 11 are involved in these sectors and have made huge investments in developing a captive market for their products and services. Due to the infusion of the latest technology, it has become possible to involve increasingly more people in these games through online betting, which makes the games much more enjoyable for them and can also result in profits. That sounds like a good deal.