guides-background

Exploring the Future of Online Betting

Save
Share

Online betting refers to placing bets on an outcome of a sportsbook or any game and it is played via the Internet. Usually, online betting in India involves betting on casino games, e.g., poker, blackjack, roulette, poker, and slots. Online betting sites provide certain advantages which were not available earlier. It shows the evolution of the future of online betting with time. 

Betting or gambling has a historic origin. It is said to have been first introduced at the time of Mahabharata where the Kauravs cheated their brothers, Pandavas and made them lose their wife and also the entire Kingdom. Before that, during 1500 BC betting was also popular in certain places like Greece and China. 

Future of the Online Betting Industry in India

As per the assumptions, the future of online betting is going to flourish. It is expected to have a growth of 13.70%. By the end of 2028, it is expected to reach 144.74 billion. The only reason for this tremendous growth is the increasing popularity of online betting all over the globe. Not only that, but the easy accessibility of betting platforms, and the rapid adoption of smartphones are other factors that are driving the growth of online betting. On the other hand, the traditional casinos can't compete with them. 

Let us check some factors which actively affect the online betting industry in India.

Revolution of smartphones: The increase in smartphones has made online gambling more accessible among the masses. Various online betting apps and mobile casinos have transformed the future of online betting in India.

Convenience: With the invention of online betting options, it has become more convenient and comfortable for those who lack access to physical gambling casinos.

Virtual Reality (VR): There are many online casinos with virtual reality games and they provide astonishing gaming experiences to the players.

Advanced platforms: The presence of some advanced gaming platforms with pioneering features such as better graphics, and more features have made it user-friendly and also made the players more interested towards online betting options.

Detection of fraud: With the advancement of various machine algorithms, it is no longer an issue to detect cyber crimes or gambling fraud.

No strict rules and regulations: The Indian Government has made it very clear that online betting sites cannot exist legally. Only offshore betting sites can be run freely. As a result, offshore betting sites have become the only primary tool for online betting in India.

Popular Online Betting Platforms in India

Selecting a proper online betting site is another important factor you must keep in mind to enjoy a pleasing experience.

Here we will discuss some of the most famous betting platforms that currently exist in India.

Rajabets: This betting platform primarily focuses on the Indian market. Here players can easily deposit money and place bets. They have various payment modes, including cryptocurrencies.

Mostbet: It is one of the most popular online sports betting platforms. Players have been trusting of this site because of its reputation. It supports different languages and also accepts the Indian rupee as one of the payment methods.

Fun88: This is another reliable Indian betting platform. This betting exchange or sportsbook offers various types of sportsbook features and 500+ casino games.

1xbet: Indian players can easily enjoy the various types of gaming options available as Hindi language is supported. Various banking modes are also available and players can easily deposit and withdraw money. They also offer different exciting offers and bonuses for new joiners.

Stake: This is another outstanding betting platform offering numerous sports. The entire interface of the website is well organised. Different types of payment modes are available including net banking and bank transfer.

Parimatch: it is one of the oldest betting platforms to exist. The online version of the site is worth praising. It has developed its brand image over the two decades which is still trusted by millions of players all over the world.

MegaPari: This betting site consists of multiple cricket betting options and Indian rupees are accepted. This site has 64 different languages along with some Indian regional languages like Hindi. The players can even enjoy Esports betting on their Android or iOS devices.

Dafabet: It has been one of the most trusted online betting platforms for a long time. Players get to choose from a wide range of bets, and in addition, they have other games such as cricket, horse racing and kabaddi. Despite everything, the show stealer is the bonuses and exciting gifts that are offered to the new users every week.

22Bet: This online sportsbook is famous for its welcome bonuses and promotions. The players can claim a 100% welcome bonus which can be ₹11,000.

Satbet: One real exciting factor about this particular betting is they offer 100% welcome bonuses to every player. Players can chat live with the customer support team and they provide service 24/7. Various payment options make the platform more convenient in nature.

Is Online Betting Legal in India?

India is one of the growing markets for sports betting and online casinos. Every year, millions of people place bets and start playing online betting sports. It can be said that the online betting industry in our country is in high demand. Talking about its legality in India, this factor differs from one state to another. On the national level, every gambling activity is regulated by The Public Gaming Act of 1867. It is also stated that it does not have anything to do with online betting or gambling. Some states of India like Tamil Nadu, and Karnataka oppose the rise of online betting websites, hence they decided to ban it. However, The Public Gambling Act of 1867, does not consider online betting as completely illegal. The 

Ultimately, it can be concluded that with the revolution of advanced technology, online betting in India is also getting popular. In the future, we can easily expect that the rise of more online betting platforms in India will show the growth of these online betting industries. There are certain drawbacks too which can be dangerous for the people, and we can hope that the beneficial factors will outdo the odd ones. The future of online betting is nevertheless going to get better.