Online betting is considered a national sport in India, and the market is experiencing a renaissance. More and more players turn to play in sportsbooks every passing day. The older land-based bookies are now almost extinct. With the easy availability of the internet, a large part of the gamble.
Although the betting market is not so old like other parts of the world like the UK, India might surpass them in the number of gamblers per capita. Factors like demographics, technology, regulatory bodies heavily affect the betting landscape of India.
Reasons behind the increase in online betting in India
Gamblers earn revenue in the industry, making it a considerable temptation for the young generation who believe in getting rich quickly. As a result, the youth happens to be the most active consumers in this field. Online betting is fun, and it helps people relax while hoping to earn some quick cash on the side.
However, these games have a downside as they are addictive and can quickly plunge people into irreversible damage physically and mentally when losing money. You may wonder why people involve themselves with online gaming and betting, yet it has dire effects. Here is why:
1. The COVID-19 push
India is passionate about sports and is now moving towards a new sporting activity. The coronavirus pandemic forced people to stay home, resulting in too much browsing and introduction to many things like betting.
With so much use of the internet, it has caused a surge in traffic on betting sites. The thought of having fun while watching your favorite team play and earn some revenue is quite an allure. The gaming global market deals in billions of dollars, and India is actively part of this world.
2. India is reconnecting with betting
Gaming twists and turns are ancient in India from Mahabharata, Ludo, house games and have evolved to the current scenario. Today all games are available online, including cards, poker, sports, and enthusiasts can watch, play, and bet on their favorite team for cash prizes online.
Close to 40% of the population takes part in betting, and more are growing their interest in the iGaming market, explaining why the betting market increases by the day.
3. Technological progression
Thanks to technology, the gaming industry has almost wiped out land-based bookies and replaced them with online platforms offering the same. Collaborating the internet with AI technology makes it easier to gamble, leaving players fascinated and willing to spend more time surfing.
4. The economic reform
Sports betting improves figures in the iGaming industry around the world. Asia-Pacific is one of the country’s leading in the betting market thanks to the availability of the internet and a high population of young people with mobile phones. The revenue generated in sports betting and iGaming is a massive boost to the Indian economy, according to the Indian Gaming Federation.
5. International interventions
The online betting industry is booming, which has attracted international companies to market their brands in India. Besides the opportunities created, players enjoy gaming activities because they are exciting and support the country’s economy in the bigger picture.
It is now a global affair, and India is in the center of the betting domain, which safeguards its present and future betting platforms. Online gaming is quickly taking place, and the industry is anticipated to take over the country as a leading revenue contributor.
6. It is a popular online pastime
Betting is a productive pastime for many people in India, making it the most coveted market. Online bookies are rampant because the land-based platforms were reserved for some states and people, meaning it is not for everyone. The online platform, however, accommodates anyone across India.
Conclusion
Online betting is an international market that trades to trillions of dollars today. The principal attraction is the money which makes it significant, following the young who want to get rich overnight, and they are also most internet users. Online betting is a source of relaxation and entertainment, and it can be addictive with time. It is a player’s responsibility to play with caution and healthily to avoid falling victim to the harmful activities associated with the industry.
Story by Devak Mukherjee @ Bettingsitesindia.net
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