The online gambling market in India will likely reach revenue of $2.9 billion by 2024. Projections indicate an anticipated annual growth rate (CAGR 2024-2029) of 6.00%, with the market size expected to reach $3.88 billion by 2029.
However, the current Indian legislation and regulations prohibit gambling and betting activities. This reflects the lawmakers’ view that addiction to games of luck, chance, and probability is unethical and detrimental. As such, online betting in India remains in a legal grey area, and discerning sports bettors must exercise caution and thoroughly research the legitimacy of any platforms they consider using.
Comprehensive Sports Coverage on India’s Top Betting Sites
One of the standout features of the 1xBet app is its global coverage of sporting events. You can place cricket bets on the IPL, Cricket World Cup, and other popular T20 tournaments on 1xBet. Furthermore, the app offers a live-streaming option, allowing you to watch the sporting events in real-time.
If you’re on the hunt for the best betting sites in India, you’ve come to the right place. This article will guide you through the top Indian sports betting companies that offer an exceptional wagering environment for sports enthusiasts.
Let’s get started and learn about the top 10 betting websites in India.
- 1xbet: Best betting site with lots of promotions
- Parimatch: Top football betting site
- Stake.com: Fast payouts for sports betting
- Mostbet: Awesome live betting features
- Indibet: Multiple secure payment methods
- Paripesa: Multiple ways to bet
- 10Cric: Optimized user experience for sports bettors
- Fun88: Top online sports trading platform
- 22bet: Over 1,000 events per day
- Rajabets: Betting site with exclusive welcome bonus
India’s Sports Betting Landscape: Legal Ambiguities Abound
There is no national law prohibiting the use of online betting services. This means that Indian residents can freely wager on betting websites operated by foreign companies without the fear of illegality.
However, most states have enacted legislation prohibiting gambling and betting (with exceptions for horse racing, certain card games, etc.). In contrast, Goa and Sikkim have legalized various forms of gambling and betting, allowing the establishment of casinos within their respective states. Given this complex legal landscape, where certain states have liberalized their gambling laws while others maintain strict prohibitions, the overall legal status of sports betting in India remains ambiguous and open to interpretation.
Cricket-Mad India: Thriving Sports Betting Landscape
In India, there are no specific gaming laws that restrict cricket betting. However, the central government views cricket betting as a game of chance rather than a game of skill, unlike horse racing.
We can safely assume that the ongoing cricket match between England and India is a hot topic of discussion in many Indian streets and households. But the passion for the sport extends beyond mere fandom – a recent study by PlayToday revealed that over 80% of Indians engage in online sports betting annually. Given the country’s deep-rooted love for cricket, it’s no surprise that the thriving sports betting landscape in India is largely centered around this beloved sport. Bettors have a wide range of cricket-focused betting platforms to choose from, catering to their diverse wagering preferences.
Parimatch Shines as India’s Premier IPL Betting Destination
Parimatch is widely regarded as one of the best IPL betting applications in India, thanks to its exceptional customer service, a wide selection of betting markets, and profitable yet competitive odds.
The Parimatch mobile app ranks among the top ten cricket betting applications in India, making it convenient for you to place bets anytime, anywhere. Parimatch’s customer support is ready to address your queries round-the-clock through online chat, WhatsApp, or email. Additionally, Parimatch offers a variety of promotional offers to its players.
India’s sports betting landscape features legal ambiguities, even as top platforms offer comprehensive coverage. The online gambling market will likely grow, but regulations vary across states. Cricket dominates the betting scene, with over 80% of Indians wagering online. Parimatch stands out as a premier IPL betting destination, renowned for its exceptional service and competitive odds. As the industry evolves, discerning bettors must research platform legitimacy.
