It’s not surprising that India’s sports betting industry is on the rise. This is somewhat expected since India has so much love for sports especially cricket. In 2019, it was reported that about 79 percent of Indian viewers have watched cricket throughout the year. The latest edition of the Indian Premier League (IPL) which recently concluded garnered over 380 million TV viewers.
With so many Indian people watching and following sports, it’s easy to understand why betting companies are trying hard to penetrate the local market. Today, there are plenty of options when it comes to the best betting apps in India.
The value of India’s mobile gambling market is estimated to exceed 1 billion USD by the end of this year. It is projected to be worth over 2.8 billion USD by end of 2022 with a CAGR of 40 percent. That’s how fast the market is growing and it can be linked to the growth of the mobile population in the country.
Mobile Phone Usage in India
Statista reported that India is the second-largest internet population with over 749 million people. According to them, the majority of these online people are using their mobile phones. India has around 744 million mobile users and this figure could go as high as 1.5 billion by 2040.
In 2019, it was also reported that over 73 percent of the country’s online traffic came from mobile users. What happened during this time is that mobile devices or smartphones have become more accessible. Powerful yet cheap smartphones are now available in the market and more people showed interest in getting their own mobile devices.
It is already established that the mobile scene will get bigger in the country and this is why many industries are now focusing on it. E-commerce platforms are now focused on making their apps better and useful. This is also the case for gambling companies that are offering their services in India.
There was a report released by The Week that around 40 percent of the mobile users in the country would gamble with their mobile device and that’s around 300 million people. MyBetting did report that around 370 million People would place bets during major sports events and this shows how the majority of these punters have gone mobile.
According to the report released by MyBetting, around 140 million Indians would place their bets regularly. There is a total of 37 online betting sites operating in the country and some of the popular sites are Bet365, 10CRIC, Betway, and 1xBet. The top three Indian states for online betting are Telangana, Karnataka, and Maharashtra.
Why Download Mobile Betting Apps?
While online betting offers convenience, things are still better if you choose to bet on mobile apps. After all, people rely a lot on smartphones nowadays for convenience. We no longer just use our mobile devices to communicate. We use it to shop, pay for bills, entertain ourselves, and so many more while not having to stay in one place. When it comes to sports betting, you can do this on the go.
With the mobile market getting bigger, the demand for better app features is also getting stronger. Thankfully, gambling app developers are constantly trying to add new features to their mobile services. It is as they should since the competition is also getting tough for them.
There are now betting apps that do not just let you place bets on sports. Most sports betting apps also give their customers access to casino games. Some betting apps keep you updated on the latest happenings in sports. The best apps even allow customers to stream sports events live and keep track of the season’s ladder.
A mobile betting app can give you 24/7 access to betting odds and markets. You can place your bets anytime and anywhere you are. Another thing is that you can download multiple betting apps as you wish. This way, you can easily shop for the best odds on the market.
Live, in-play or in-game betting has also been made easier. You no longer have to worry about refreshing a website because the app updates automatically for real-time odds. Live betting can be a stressful way to gamble but downloading an app can make the experience a breeze.
Overall, mobile betting apps promise to enhance your betting experience. It’s also beneficial if you want to keep your betting activities private.
Disclaimer: Gambling involves an element of financial risk and maybe addictive. Please play responsibly and at your own risk. Subject to applicable laws.