THE FUTURE OF SPORTS BETTING IN INDIA

1. The Future of Sports Betting in India Khelostarnews.in

2. TABLE OF CONTENT • Overview of Sport Gaming in India • Fantasy Sport Market • Sport Betting In India • Government Strategies • Existing Laws on Betting • Role of Technology • Final Verdict

3. Overview of Sport Gaming in India • India is the country where people not only love but live sports. There are lots of hardcore fans of different sports like cricket, football, hockey, etc. in this country. Along with playing, people also love to bet on their favorite sports, despite the lack of a clear legal framework. • In the sport gaming there is offline betting is legal in India, which opens the market for the online sports betting in India.

4. Sport Betting In India India is the country where people not only love but live sports. There are lots of hardcore fans of different sports like cricket, football, hockey, etc. in this country. Along with playing, people also love to bet on their favorite sports, despite the lack of a clear legal framework.

5. Fantasy Sport Market With the rise of digital technology and online betting websites, the market for this industry has grown swiftly, and it is estimated to be worth over $5 billion by 2025. In the current scenario, 77% of the gamers on the fantasy sites play cricket and the popularity of Indian Premier League will surely increase this number in upcoming years.

6. Role of Technology  Another thing that will play an important role in the rise of online sport betting in India is technology. The world is continuously changing with some great inventions in the fields of information and digital technology.  Every sector is using artificial intelligence and machine learning to better meet the exact needs of its customers, and platforms are already focused on the same. These sites always tries to use AI technology to enhance the user experience like never before. So, the better the use of technology, the more the user will be attracted to it, and the richer the online sports betting sites will be.

7. Existing Laws on Betting • For betting and gambling, the Public Gambling Act of 1867 applies in India, which was enacted during British colonial rule. This act suggests that all kinds of betting or gambling are illegal in this country. However, the act does not mention anything about online gambling, leaving the door open for interpretation. Moreover, the Constitution of India gives states the power to regulate gambling within their jurisdiction. As a result, different states have different laws and regulations regarding gambling. Some states have completely banned gambling, while others have legalized it to some extent. • For instance, the state of Goa has legalized casinos, and Sikkim has legalised online gambling. However, in most other states, gambling is prohibited. So, the legality of online betting in India depends on the state you are in. The Supreme Court of India, in a recent judgement, stated that online betting on horse racing is legal. The court upheld the legality of online betting on horse racing, as it is considered a game of skill rather than chance. The court also clarified that it is up to individual states to decide whether to allow online betting on horse racing or not.

8. Government Strategies  • The future of online sports betting will depend on the policies of the Indian. In the current situation, there is an intent shown by the government to legalize online sports betting sites in India, and with that regard, there have been several bills introduced in parliament.  • It seems that the government also wants to legalize and regulate this industry. If sports betting is legalized, then a massive market for operators like Khelostar will be cleared, and the better operators will know how to take advantage of this opportunity. 

9. Final Verdict • The future of sports betting looks brighter in countries like India, where a lot of hardcore sports bettors live.  • The popularity of sports leagues in India, such as the Indian Premier League (IPL), Indian Super League (ISL), and Pro Kabaddi League (PKL), helps boost the market for online sports betting in this country. 

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