How Better Internet Access Is Boosting Online Betting In India

The online betting industry is one of the most rapidly developing markets in today’s world. Despite the haze around regulations and legality of online betting in some countries, its popularity remains unmatched across borders. In India too, the online gambling market has expanded in leaps and bounds, though it has faced a few hurdles too. In fact, the expansion of online betting platforms has been so massive that it can potentially turn around the economy of our country.

Background – the rising popularity of online betting in India

India’s history with gambling goes back to the ancient times. But online betting has gained traction here, mainly over the last several years, especially during the pandemic when its popularity went through the roof. 

As people were trying to adjust to the “new normal” of staying confined to their houses, online wagering platforms offered entertainment along with some scope for earning. As per research, India was the leader in online betting growth during the COVID-19 pandemic, with an increase of around 35 percent in the number of monthly real-money games played by users. (Source)

Better access to the internet – a game changer in online betting

The lockdown was a significant reason behind the boom in online betting. But several other contributing factors were also there, especially the increased affordability of smartphones and the abundance of betting apps. However, the one factor that supersedes all others is the easy access to high-speed internet. 

Nowadays, we can swiftly download 1xbet app for Android and iOS in India and enjoy betting games in seconds, thanks to fast internet access. While the mushrooming of mobile betting platforms allowed players more options to play and earn, it would make no sense without superior internet connectivity. Today the Indian online gambling market is estimated to be worth more than 60 billion USD and is projected to expand at a CAGR of more than 22% in the upcoming years. This has only been possible due to rapid digitalization and extensive Internet penetration. (Source

The introduction of 5G technology has also marked a major overhaul of India’s online betting market. 5G is almost twenty times faster than 4G, which means players can enjoy super-fast and more reliable internet connectivity with reduced lags. As such, games load faster and even real-time streaming becomes super seamless. 

5G internet connectivity is ideal for betting games powered by Virtual Reality, Augmented Reality, and other cutting-edge technologies. With access to high-speed internet, players can now take advantage of technologically enriched gameplay without the slightest interruptions. Besides, payment processing has also become more secure and faster, ensuring quicker withdrawals and deposits in online betting games. 

Conclusion

With India racing ahead to becoming a mobile-first nation, better access to fast internet is the icing on the cake when it comes to online betting growth in India. If a solid regulatory framework can be implemented to safeguard player interests, nothing can stop India’s online betting market from becoming the sunrise sector of our country.


Disclaimer:

  • As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
  • Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976  
  • Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
  • Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
  • Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
  • This article does not endorse or express the views of Qrius and/or any of its staff.