Even without formal laws that regulate online betting sites in India, the Indian betting industry is estimated to be worth $60 billion! And it is all thanks to the Indian passion for wagering on fun card games as well as our undying passion for sports such as cricket!
So what does the future of online betting in India look like?
Will online betting in India be formally legalized and regulated?
Yes, that is a very real possibility in the future.
Many Indian states have already begun contemplating legalizing and regulating online betting sites in India. This step may be taken by other states in the future as well.
There might even be central or federal laws that may legalize and regulate online betting sites all over India. Doing so will help the government to make a lot of profit by licensing betting sites and having them pay the required GST that any other business would need to.
The regulation will also allow even more betting sites to crop up in India, giving punters even more choices! More competition means better bonuses, which leads to better rewards!
Thus, there is an immediate need for the Indian government to formally legalize online betting.
Here's hoping that we will soon have more formal laws about online betting in India!
Until then, check out our top recommendation for the best betting site in India!