Gambling has long been an important part of Indian culture – whether it is harmless card games played during Diwali festivities by the families or the more thrilling sports that is now popular around the world. The Indian passion of cricket also gave the sports betting industry in India a big boost.
However, how has the sports betting market grown in a world where the regulatory structure defining operation still does not exist?
The response is clear – the large population of fans who follow sports faithfully and the large number of betting sites which Indian punters now embrace.
Will online gambling be legalized in India?
In view of the increased number of people who have now started making bets on betting platforms, in the near future India might be in a position to legalize and control online sports betting. Indeed some states, such as Sikkim, have legalized cricket betting. The Government of Maharashtra has also decided to legalize online betting so that it can focus on industry and improve the economy of the state much-needed.
Although not quite immediately, such reforms prompted punchers to expect that in the near future even the Central Government will permit the use of online sports. Legalization would potentially open up a plethora of options for punters who will still be on the lookout for better prizes, better bonuses and a wider choice of sports betting locations.
Benefit of legalizing online gambling in India?
The state should expect to gain up to Rs. 2500 cash crores by legalizing and controlling the transaction by chargeing GST online salaries, as given in the report developed by the government officials of the Maharashtra. This is a brilliant means of empowering people to truly benefit and benefit from the activity, which is very critical in reviving the hit COVID economy.
But before the Indian government takes advantage of the online sports betting market, the bettors have found comfort with the famous international platforms that are open to Indians. Here on MyBettingSites India, you can easily find some of the best betting sites and launch your own online betting adventure!
