Legal Sports Betting In India

Top Sportsbooks In India

Rank	Sportsbook	Bonus Offer	Play Now
1		Exclusive 50% Bonus Code up to $1000!Read Review	BVD1000 in Cashier
2		50% Up To $1,000Read Review	Visit BetOnline!
3		50% Up To $1,000 Read Review	Visit MyBookie!
4		100% Up To $300Read Review	Visit Xbet!
5		50% Up To $1,000 Read Review	Visit SportsBetting!

Who Regulates Sports Betting In India?

Sports betting in India currently remains unregulated and the Public Gambling Act of 1867 is still in place and accepted by most Indian states. Therefore, there is no committee designated for the sports betting market in India. Fantasy sports and other gambling activities are regulated at the state level with different regulators per state and different laws which is likely how things will be if and when sports betting becomes regulated.

How Is It Legal For Me To Use An Online Sportsbook In India?

While India has not yet regulated their legal gambling market, the current law leaves the door open to using online sports betting sites that are regulated in other countries. Because they are not operated in India, BetOnline and SportsBetting are perfectly legal, as the Public Gambling Act of 1876 strictly prohibits running a sportsbook inside India.

Deposit Methods + Currencies Used In India

While you are using India sports betting sites, you have a couple of different options for currencies you can use and deposit methods. To put it simply, if you have access to the Indian rupee or Great Britain’s pounds, then you can easily bet on sports in India. But if you are from outside both of those countries, converting your money into either one of these currencies could prove difficult for you. That is why we always recommend you to use Bitcoin when accessing online legal sports betting sites that take players from India. The reason is that Bitcoin is accepted all over and sites like SportsBetting loves it when you use cryptos over other deposit methods. It makes the entire sports betting process a lot easier for you and the sportsbook. There are other deposit methods that you can take advantage of as well. The sportsbook deposit methods in India are as follows:

Best Legal Betting Bonuses In India

Not only is sports betting legal in India, there are plenty of sports betting bonuses up for grabs for all new players. Whether betting on the Indian Premier League or looking at NFL wagers for the Super Bowl, there are bonuses that can be redeemed for up to $1,000. These bonuses can be redeemed through Visa, Mastercard, Bitcoin, or other payment methods in India. There are no fees when accepting bonuses through cryptocurrency deposits. All of the best bonuses for legal bettors in India can be found below:

• BetOnline – This legal sportsbook offers the biggest bonuses for all new players of the site with up to $1,000 up for grabs. If depositing with a credit card, BetOnline offers the bonus through a 50% math that has a 10x rollover for players of India and a 100% deposit match through a cryptocurrency deposit with a 14x rollover.
• SportsBetting – For all players of India that have deposited into SportsBetting in the past, the legal betting site offers real bonuses of up to $250 or $350. When depositing with crypto, a 35% match bonus for $350 can be redeemed. Credit card deposits allow a 25% match and a $250 max in bonus credits.

How Do I Withdraw My Winnings In India?

Of course, if you are going to use online sports betting sites in India, you are going to want to know how you are going to get paid in the case that you win. Although there are fewer withdrawal methods that are available, they are proven to be reliable to withdraw your money from your legal betting app in India. Of course, the best method is cryptocurrencies like Bitcoin. Bitcoin allows you to make money in and out of your account quickly and efficiently. If you are looking for the best withdrawal method, we suggest Bitcoin and other cryptos. Here are other quick sportsbook withdrawal methods available to you.

How Is Indian Sports Betting Taxed?

Due to the fact that sportsbooks and sports betting are in an unregulated market, there is no real rate for sports betting taxes in India. Each state determines how India betting sites are taxed and regulated and where the money goes. Like we have said before, there are no overarching federal regulations in India but that is only related to betting at sportsbooks. Sports betting is active in India through horse races and these racebooks are regulated by India.

Racebooks are taxed at a rate of 28% on the betting handle. This astronomical rate may be crippling the industry but it also allows the governments in India to use this money for many programs. The money can go into creating clean water supplies, more sustainable infrastructure, funding sports programs, education, and whatever else the government feels needs funding. We believe that India’s government is heading in the right direction and sports betting sites in India will become widely available in the next few years.