Why Indians are Gambling More Than Ever Before
This article will take a look at how gambling in India has changed over the years, and how the industry is growing like never before.
Gambling has always been a part of India. From our mythological heroes to modern-day office workers, gambling is the one thing that unites them. Our festival celebrations feature gambling, our wedding celebrations feature gambling and even our fortune-telling methods feature gambling. It is built into the very DNA of our country.
Now, as the world changes, India is changing along with it, and so are the gambling habits of the nation.
Up until fairly recently, there were only two mainstream methods of gambling, namely racing horses and playing the state lottery. These two methods were heavily regulated by the government, and they were not easily accessible by the vast majority of India’s citizens.
Now, however, three factors have created perfect conditions for everyone to indulge.
• Massive Network Expansion
- Most of India has network coverage now, which brings with it mobile internet services. People in the most remote corners of the nation can now watch their favorite matches without a problem and place bets.
Online sports betting in India is growing at a furious pace
, and while there are still some money transfer issues, people have developed workarounds to enjoy their gambling.
• More Disposable Income
- As India’s economy has improved, many more middle-class people have found themselves with enough disposable income that they can spend it on things they enjoy, a big one of which is online betting.
On many sports betting sites, cricket is the most popular sport, just like the rest of the country. Millions of people across the nation bet on their favorite game and favorite teams, and with the rise of the IPL T20, more players are gambling than before.
The origins of gambling in India
Matka gambling refers to the practice of betting on slips of paper drawn out of an earthen pot, or “Matka”. The numbers in the pot were randomized, and punters would win if the numbers they picked matched the numbers drawn.
This particular form of gambling started long before Independence and continues to this day. However, in the 1960s, a very strange form of Matka gambling became popular. Punters would bet on the opening and closing rates of cotton, which was sent by the New York Cotton Exchange via teleprinters.
As the Indian Gambling Industry continues to grow, multiple states have started considering loosening the laws that restrict gambling so heavily. While online gambling is allowed in almost all Indian states, other forms of gambling-related play are also becoming popular, like playing online casino games
As the Indian economy improves, internet connections grow faster and more options for gambling arise, more Indians will start gambling. Right now, the gambling industry in India is on the brink of explosive growth, and all indicators show that India will become one of the world’s largest gambling meccas in the coming decades.