Now India has gained a reputation as an attractive market for international betting companies. Read on to find out why international betting sites seeing their future in India
The growth of international sports betting including kabaddi betting in India is phenomenal. The global betting industry is worth more than $ 1 trillion and is preparing for any growth with the emergence of new markets such as India. In this article, we discuss the reasons why international online sports betting sites are growing in India over the past few years, and why Indians are increasingly choosing to bet on sporting events offered by domestic bookmakers on overseas websites.
- Growing Internet Penetration
Indians are using the internet through mobile rather than desktop computers. The number of Indians using their smartphones for accessing the web has grown from approximately 220 million in 2018 to over 300 million in 2019.
This trend is expected to continue at a rapid pace, with nearly 700-750 million Indian smartphone users by 2022. India has suddenly become a very lucrative market for online betting with an estimated 80% of these new internet users accessing the web on their mobile phones.
- Emergence of Technology
Indian people use technology in all areas of their lives. Even sports betting is not free from this trend and more people than ever are discovering the thrill of online betting in India. A lot has changed since you had to go into a casino or take part in an Indian tournament; now you can bet on any game you are interested in from the comfort of your home.
Previously, this was impossible, but now it is easy to place online bets on kabaddi games around the world on Indian and international sports betting sites.
- Sports betting is likely to be legalized soon
Given the growing popularity of sports betting in India, the government is likely to legalize it in the coming times. The steady increase in the number of betting sites offering international gambling may also contribute to legalization. The Government of India has set up a committee to look at how online sports betting can be legally regulated and legalized.
- Leading international betting companies are present in India
There are several international betting companies like Rabona, Parimatch, 10cric, and Dafabet available in India. Indian sports bettors can access these online betting sites through the internet or bet on various sporting events around the world using their smartphone applications.
- The popularity of various sports in the country
Every year, a large number of sporting events, kabaddi, cricket, football, etc, take place in India and around the world that attract millions of spectators and betting fans. Some of the popular sports include cricket, kabaddi, football, hockey, etc., which are followed by Indians from all walks of life to bet on. There are many online betting sites in India, such as Parimatch, which offers sports betting on a number of games including cricket, kabaddi, football, wrestling, and more. side.
- A great form of entertainment
Sports betting can be a great form of entertainment for any age group. There are a number of sports to bet on, including traditional team sports such as cricket and kabaddi as well as multi-part events such as mixed martial arts or horse racing. Sports betting is a great way to continue to entertain and participate in the sports you currently enjoy, as well as discover new sports you never thought of before.
- Indians are increasingly prone to online sports betting
Those who love sports betting don’t do it because they want to lose money. They enjoy the thrill and excitement that comes with online kabaddi betting on their favorite teams or players. Pride has another factor that often drives people to choose online sports betting because they can place their bet in a way that no one knows about. This is the reason why many people around the world are interested in online sports betting. Indians have shown great interest in online sports betting, which has encouraged international betting sites to be present in the country.
With the advent of technology and the development of communication systems, remote areas can also access the Internet. It will be interesting to see how legalizing sports betting can reduce corruption while providing transparency in this sector. The government has taken steps to legalize online gambling and betting sites, but it is important that regulations are put in place to ensure proper enforcement, protecting the interests of all concerned.