It’s a well-known fact that India is a cricket-loving country which also leads to an increase in the people being interested in online betting as well. With a lot of people being exposed to the internet, cricket betting offers a unique opportunity for online bookmakers to make a huge customer base. Despite these vast numbers of internet users, there is a lack of awareness when it comes to cricket betting and the onus for the same is on various online bookmakers out there.
Despite the fact that the Indian betting industry is currently valued at more than USD 60 billion with an estimated growth of about 20% each passing year, the law governing gambling has remained complicated over the years. There is a widespread perception amongst the bettors that the gambling industry is completely unregulated in India. However, the significant revenues from both regulated and unregulated gambling suggest otherwise.
Some of India’s gambling activities include sports betting, prize competitions, horse racing, the game of skill and chance, and other online casino games like Roulette, Poker, Slots, and Blackjack. Despite the legal aspects of all these games are as confusing as it can get, online betting is a popular activity among many men and women in India, with the Lucky Nugget Casino trailblazing the industry.
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Here are some unknown facts about India’s online betting laws, which every gambler in the country should be aware of if you’re a betting enthusiast.
The legality of Online Gaming in India
For some people, gambling is a religious practice, however, the authenticity of legal betting is not clear. While betting is illegal in most states of the country, betting laws vary from one state to another. This creates a loophole or confusion as brick and mortar casinos are strictly forbidden to operate while there isn’t a clear law which states that online gambling is prohibited.
Moreover, there are regulated casinos in the country that are legal to operate in India. Most of these casinos are regulated and controlled by the Malta Gaming Authority to ensure they provide the gamblers with safe games within the provided legal guidelines.
Online Game Bonuses
Online games have been known for providing bigger bonuses as compared to the brick and mortar casino offers they are customized to attract more bettors and provide more value for money. Furthermore, punters have a wide range of bonuses to choose from, rather than being limited to a few in physical casinos. For instance, regulated live online casinos like Lucky Nugget provide a range of bonuses, such as the ‘welcome bonus’ that will make a bettor’s first deposit of 150% match up to $200.
Safety of Online Betting
Many gamblers often wonder if it’s safe to gamble online in India. Well, the reality is that it’s completely safe to place online betts on regulated casinos like Lucky Nugget, Bet365, Betfair, etc. Most of these legalized casinos use digital encryption technology that not only simplifies the betting experience but also makes sure that the gamblers’ financial and personal information is secured all the time. They also offer mobile options to ensure you access your favorite online games whenever you feel safe and comfortable.
Online Betting by Age
According to research conducted by the ‘My Betting In’ website, young people are more inclined to place online bets in the country as compared to the older generation. The study further indicates that about 44.6% of bettors are between 18 – 24 years, and 32.5 percent accounts for age between 25 and 34, showing that the vast majority of bettors in India are young people.
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However, there is an age restriction on who can bet in the country. As a player, you must be at least 21 years to participate in online betting that pays real money. A gambler can also win real money in live casino games provided you play within your limits.
