The Success of the iGaming Industry in India

 The success of the iGaming industry caught the world by storm in the past couple of years. Not only are these sites generating massive revenue, but they are also likely to become the leaders in the gambling industry by 2025. In 2019 and 2020, their annual revenue on the global scale exceeded $60 billion, which equals to a fifth of the revenue made by all gambling facilities.

How Can Players Access Online Sportsbooks and Online Casinos?


The law that regulates all gambling activities in India is the Public Gambling Act of 1867 does not allow any operators to be based in India, but offshore sites are more than welcome to offer their services to the people. Online betting is a major thing in India as the people there register and place bets on various sports events such as cricket, football, and kabaddi every day.

What Does the Public Gambling Act of 1867 Say?


As stated earlier, the Public Gambling Act of 1867 is the law that regulates all land-based and online gambling activities in India. According to this law, all forms of gambling are formally considered illegal. The only 3 provinces where gambling facilities can operate legally are Goa, Sikkim, and Daman. Out of these three, only Sikkim regulates online gambling.

So, the question is – if online gambling is considered illegal, then how can Indian players access these sites with no repercussions? The answer is simple. The Public Gambling Act is considered wildly outdated and does not have any specific legislation concerning online gambling. Not only that, but the government hasn’t made any moves towards regulating this industry.


That means that it is practically powerless and cannot control it. While it is easy to shut down operators that are based in India, the law does not apply to foreign operators, which is why they are always operating in this region. So, since the government does not have the means to pursue legal matters, it doesn’t even try to stop its players from accessing and playing at these sites.


Read More: https://www.insightssuccess.in/the-success-of-the-igaming-industry-in-india/

Source: https://www.insightssuccess.in/

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