Currently, the United Kingdom is arguably the leader across the globe when it comes to sports betting. But there is no denying the fact that India is well on the verge of dethroning the UK in near future. There are various factors clearly indicating that India will be dominating the sports betting industry in the coming years that suggest this bold statement to be true.
Let us have a look at some of the points elaborating the same:
A huge amount of gamblers:
If we compare UK and India on the basis of a number of bets the whole country can place, then India will emerge as a winner hands down. With 1.3B of population Indians can easily dethrone the UK even if they make bets of a small amount. Whereas the Brits can retain their position only because of their per capita income.
Per Capita Income:
If India wants to be the leader of cricket betting worldwide then the population needs to be used wisely by increasing their per capita income as it will be increasing the size of the bets as well. The remarkable thing here is that the top Indian betting sites are also popular in the UK.
Some of the Indian bookmakers like bet365 and Unibet are very well-known throughout Europe. You can almost conclude that there are not many differences between the two countries when it comes to betting. However, betting in India is not as easy as it is in the UK.
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For all of it to work as planned the first step the Indian government will be soon be expected to legalize betting on sports. According to a survey, 40% of all internet users from India like to gamble. Thus, giving birth to an illegal gambling market in India, which is worth more than $100 billion. This non-regulated market, but it can become a huge legal market to challenge the gambling king UK if the government helps.
There is no way someone will not find a loophole in a rule. They found a way to legalize online gambling by exploiting the loopholes in the law. According to the Indian law, it discriminates each game to be a “game of skill” and “game of chance”. This gave betting companies like Dream11 an idea to exploit the loophole that’s the biggest differentiator of fantasy sports from traditional betting. Thus, Betting on a website with a “game of skill” is legal in India.
India has access to the cheapest 4G Internet World Wide and with the rise of the internet the gambling world also increased. The game of online poker has seen high demand in India. In recent years, we have witnessed a huge boost in online sports betting and online poker game among Indian Gamblers. So now it has also started to capitalize on this. Cricket is India’s most beloved sport it receives the biggest number of sports bets in India and it’s quite popular worldwide as well.
As we just mentioned above that, sports betting in which no skill is required is not legal throughout India. But there is still a ray of hope as it is possible to bet legally in some parts of India. If we talk about land-based gambling then casinos are out of the question in India. But horse racing bets are welcomed in India and only by the racecourses themselves.
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Gambling is illegal in India yet many states still plan to make the most of their own gain. It is amazing that India has managed to become one of the biggest countries in terms of betting despite not having any law legalizing gambling on its soil. With the younger generation, the views of Indian people on the matter of gambling are changing dramatically and it will be soon when Indians decide to capitalize on gambling like the west.
