While the betting industry in India has been valued at more than $60 billion, with an estimated 20% annual growth, the law remains complicated when it comes to gambling in the country. There’s a perception among bettors that the pastime is unregulated in India. Significant revenues that come from both unregulated and regulated gambling, however, suggest the opposite.
Some of the gambling activities in India include horse racing, prize competitions, sports betting, and online casino games such as blackjack, slots, poker, and roulette. Despite the confusion when it comes to the law, online betting remains a popular activity among many people in India.
After all, bettors can access online betting sites based outside of India, such as CasinoWings. So yes, they can play the latest slots and their favourite table games while taking advantage of an online casino’s bonuses and promotions, just like bettors in other countries. So, as you can see, when it comes to online betting and legality in India, it’s something of a grey area. If you enjoy betting, here are four facts about online betting in India that you might want to know.
Online Gaming and the Law in India
Some people associate gambling with religion, and to others, there is confusion surrounding the authenticity of legal betting. While betting isn’t legal in the majority of states in India, betting laws differ between states. This creates confusion or a loophole, as while real-world casinos are forbidden, online betting isn’t prohibited. Not only that, but there are online casinos available to play at that are both regulated and legal to operate. The Malta Gaming Authority regulate and control most of them in a bid to ensure they provide players with safe games within the provided legal guidelines.
Online Betting Safety
Many players sometimes wonder about safety when it comes to playing casino games in India. However, it’s actually safer to play these games online at regulated casinos. Most legalised casinos employ digital encryption technology that not only simplifies the betting process, but also provides players with assurance that their personal and financial data always remains secure. They also provide mobile options in a bid to ensure you can access online games whenever you feel comfortable and safe.
Online Gaming Bonuses
There are more bonuses available at online casinos than there are at their land-based counterparts. The reason is that they’re customised in a bid to appeal to more players and offer greater value for money. Not only that, but gamblers have so many bonuses they can choose from, as opposed to the small number available to them at a land-based casino. Regulated online casinos offer a range of bonuses, including a welcome bonus that typically sees your initial bonus matched by the casino. Many sports betting sites also offer the same bonus. So if you want to bet on your favourite sporting events, whether it’s soccer, basketball or the next WWE Wrestlemania, you can go ahead and claim your bonus.
Online Betting and Age
According to one study, younger people are more likely to engage in online betting in India compared with older people. The research also indicates that around 44.6 per cent of bettors are aged from 18-24, with 32.5 per cent accounting for those aged from 25-34. This proves that young people make up a huge majority of bettors in India. At the same time, however, an age restriction exists that states who are allowed to bet. Players are required to be 21 years or over in order to take part in online betting that pays out real money. But that’s the majority of people in the country that can safely bet online, which is great news for those in India who enjoy gambling.
