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. 

10
awesome words
11
THANKYOU