India, the land where cricket is not just a sport but a fervent religion, stands as a testament to the unwavering passion that its people have for all things athletic.
So, it doesn’t come as a surprise that the country is continuously finding ways to incorporate the latest tech advancements in the very heart of its thriving sports industry.
True enough, Indian sports enthusiasts are now more than just cheering for their favourite teams in this digital age. They are also religiously placing bets on their favourite teams or are simply trying to find ways to win money from their sports knowledge.
If you’re wondering how India’s sports betting scene is utilizing different technologies today, you’re on the right page. That’s what we’ll be looking into in this article.
A Look at the Current Betting Scene in India
According to Statista, India’s sports betting market is expected to reach a value of over 1.07billion USD by the end of this year.
The sector is projected to continue to grow in the next four years with a CAGR of 9.79%. This means that by 2027, this will be an industry valued over 2.47 billion USD.
These numbers show how big the online sports betting scene is in the country. Since India doesn’t have regulations in place for online betting, it’s also likely that these numbers only account for legal and regulated gambling revenues.
That said, the local sports betting industry in India is likely valued at a higher rate. It’s simply hard to gauge the exact revenue numbers because of the lack of regulations in place.
Speaking of which, online gambling in India is still in the grey area. Gambling activities in the country are regulated by the Public Gaming Act of 1867, and this is why it has no mention of anything about gambling on the Internet. The internet was non-existent when this law was passed.
Additionally, even the Information Technology Act of 2000 in India has no mention of online gambling activities. However, local states and governments are free to decide on this matter. They can decide to regulate or ban online gambling or betting activities within their territories.
The Digital Revolution and Tech Innovations in Sports Betting
So, how is technology being used by India’s sports betting scene? Here are some of the latest tech trends used by many sports betting sites in India right now:
Online Betting Platforms
Gone are the days when betting required a trip to the local bookie or a shady backroom setup. Today, Indians can place bets on their favourite sports from the comfort of their homes, thanks to a multitude of online betting platforms.
These platforms offer a user-friendly interface, secure payment options, and a wide array of sports and events to bet on. That’s why whether you’re a cricket aficionado, a football fanatic, or a kabaddi enthusiast, there’s an online platform that can cater to your betting needs – some even all at once.
One of the most exciting innovations of a sports betting site in India is live, in-game, or in-play wagering. With real-time updates and live streaming of matches, Indian punters can now place bets as the action unfolds.
This type of online betting not only adds an extra layer of excitement to the betting experience but also allows for more dynamic and strategic wagers. But do know that live betting isn’t for the faint of heart. Fast critical thinking is needed when participating in this iGaming activity.
Mobile Betting Apps
In a country where mobile phones are more prevalent than desktop computers, mobile betting apps have taken the sports betting scene by storm. These apps offer unmatched convenience since they allow anyone to bet on the go.
Whether you’re commuting to work or waiting for a friend at a cafe, you can place bets and stay connected to your favourite sports, all from your smartphone.
Wrapping Up: The Future of Indian Sports Betting
Overall, technology is revolutionizing sports betting in India. Punters now have plenty of options to show their support to their favourite teams or simply make some money out of their love for certain sports like cricket, kabaddi, or football.
We can only expect that more online betting platforms will penetrate India’s rising online betting scene. The numbers are only telling us that the industry will continue to grow in the coming years, but we can only wait and see how the government will treat online betting.
For now, Indian punters are still free to enjoy placing sports bets online.