Online Betting in India Statistic & Fact 2021 By Expert

by: Amit Sharma on November 20, 2021

Online Betting in India Statistic & Fact 2021

Online Betting in India Statistic The current legislation, which was first introduced in 1961, makes it illegal for a person to ‘wage or offer to wage a bet’ on the result of a game played by a live or a recorded sporting event.

India is counted among the top countries in the world when it comes to online betting. In India, around 80% of the total revenues generated by the gambling sector is from online betting. In the year 2020, the total revenue of betting in India is expected to be around Rs. 16,000 crores.

Online betting in India is a lucrative industry where profit margins are high. But it is an industry that is highly regulated with strict laws. There are a number of factors that play a role in determining gambling’s profitability, though, one of which is the country’s GDP.

India is a country with an enormous population. The government of India is trying to figure out how to regulate online betting in India. The government wants to know how their citizens can safely gamble online. They also want to protect Indians from betting addiction. The Indian government is trying to figure on how they can regulate online betting in India.

There are many myths surrounding gambling in India. This is because India has a rather recent history of legal gambling. However, the truth is that the majority of the Indian population is religious. This means that gambling is not allowed.

Online Betting Market Statistics

Online Betting in India Statistic is a rapidly growing industry with a market value of over $40 billion. In the past few years, the proliferation of mobile gambling apps has made it easily accessible to anyone with a smartphone.

The online gambling market is huge. The global market for online gambling is worth an estimated $43 billion, and it is expected to reach $83 billion by 2022. The most popular form of online gambling is sports betting, which is worth an estimated $28 billion of the global market.

Online gambling is also big in the form of casino games, lotteries, and poker, which are worth an estimated $8 billion, $2 billion, and $4.6 billion of the global market, respectively.

Online gambling revenue hit a record US$ 46.8 billion in 2016, of which the US$ 19.8 billion was from online poker. In what is a rapidly changing industry, new trends are emerging.

Now, the new “hot thing” is to have a bit of a gamble on eSports, which is a form of professional video gaming that’s exploding in popularity. In 2016, there were a total of 258 tournaments with a total of US$ 24.7 million in prize pools, and the total prize money available to be won in eSports is expected to surpass US$ 20 billion by 2020.

Online Gambling Market Statistics

There are a lot of people that consider online gambling to be a dangerous, addiction-causing industry. But is that really the case? Let’s take a closer look. Online gambling is a huge industry.

In 2016, the global online gambling market was worth over $28 billion.
In 2017, the global online gambling market was worth over $30 billion.
In 2018, the global online gambling market was worth over $33 billion.
In 2019, the global online gambling market was worth over $37 billion

Online Betting Facts in India

Money has always been an important aspect in any country. India is no different. Although traditionally, money is saved in order to fulfill future needs, there are chances that people will be tempted to gamble.
There are a number of misconceptions about online betting in India. Here are some facts from a trusted online betting site to set the record straight.

Online Betting in India Statistic is a major industry in India, but it’s not regulated by the government. In the past, the Indian government has taken a hardline stance on gambling.

In fact, a number of states have a law in place that says anyone who engages in a “game of chance” can be sentenced to a prison term of up to two years. Lately, the government has been reconsidering its stance, and it may well be about to change. Here’s a look at what you need to know about online betting in India.

The legal status of online betting in India is rather unclear. In April 2018, the Supreme Court of India upheld a ban on betting in cricket matches.

In response, the Board of Control for Cricket in India (BCCI) clarified that its ban applied only to betting on Indian cricket matches, and not to other sports or to other forms of betting. Within a month after the Supreme Court’s decision, the BCCI permitted betting on matches of other sports.

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Amit Sharma

Amit Sharma is Founder of URbettingsites.in We are passionate about online betting, and it is our mission to show you all the best betting sites that India has to offer!

Online Betting in India Statistic & Fact 2021 By Expert