5 Reasons Why Online Sports Betting Has Become So Popular in India

Online Sports Betting

Online
sports betting has been a part of Indian culture for quite a while. It is among the fastest-growing industries in the world market. Indian betting on sports is a major business despite the legalities concerns. There have been plenty of debates on whether or not online sports betting is legal in India; however, despite that fact, the industry is growing in popularity with the public. 

Here are some factors that explain the rising popularity of online sports betting in India.


  • Convenience:

Because of the global pandemic and frequent lockdowns, many people are stuck at home with limited entertainment choices. The growth of betting on sports opened the door to their options of betting. Furthermore, sites for betting on sports have applications or sites that can be simple to use with a smartphone or desktop right from their home.


  • Transparency:

Since all transactions are tracked, it is easy to track the movements of the money instead of relying on bookies or other traditional land-based casinos.


  • Most likely to be legalized:

Although betting on sports isn't restricted in India, betting is the grey zone. There aren't any rules that prevent Indians from using betting websites that are located in countries where betting on sports is legal. Because online betting on sports in India is illegal, betting sites must be outside of India to be legal. But, given the growing amount of Indian players betting for sports via the Internet, it's likely that India will soon allow betting on sports via the internet.


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  • Security:

Another reason that has led to online sports betting becoming popular is the shift from cash to electronic payment methods, such as UPI, Internet Banking, etc. Payment apps from third parties were the most significant factor in this.


  • Huge market:

The whole gambling industry was worth 12.5 billion US in the year 2019 and is predicted to increase even more over 5 years. Online bookmakers place $10 billion of bets per year across the major sports events. This will only increase because more and more people are comfortable with mobile and digital apps.


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In addition to the previously stated reasons, celebrities are also endorsers of gambling apps and platforms online. The endorsements of cricketers and Bollywood actors have made the sports betting industry online an issue that is widely discussed. If you’re looking for one of the best Online Betting Sites in India, then Jeetonews is the best option for you. Jeetonews offers a range of sports betting games and online casino games that you can play and earn money. Register today and start earning.

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