Last updated on: May 17th, 2022
Sports Betting Laws In India
Online sports betting is legal in India, and while there are some sports betting platforms exclusive to the country, most people use internet sportsbooks to place wagers on various sporting events worldwide. These sports betting operators are legal for the gamblers in the country to use. The sites that are unavailable to Indian players will not be open to joining; however, there are many open sportsbooks to sign up with and use without any worries of problems down the line as they are all 100% legal.
There are no federal restrictions when it comes to the industry, and the rules and regulations are determined in a state by state basis. Each state of India can determine whether or not they can legalize sports betting and how sports betting will look in their respective jurisdictions. At the moment though, only Sikkim, Goa, and the union territory of Daman & Diu have legal sports betting.
SportsBetting is one of the most tried and true online sportsbooks on the internet. This online offshore sportsbook has been running for a couple of years and they have odds on all kinds of sports. If you like putting money down on American football to cricket, then this is the site for you. It’s not just the different sports that you can bet on that makes SportsBetting so great. There is also the fact that SportsBetting has some of the best online security on the entire internet. Know that if decide to use SportsBetting to wager on sports in India, your data is completely safe with them. We highly recommend players in India use SportsBetting for the absolute best experience.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
India Sports Betting Markets
While the lack of federal restrictions on sports betting is good, there are still only a few provincial options for sports betting. The three regions that offer regulated sports betting have a combined population of just 2.6 million people, which sounds like a lot but represents only 0.2% of India’s population. For this reason, online sportsbooks are the most popular outlet for sports bettors. The most popular sports in the country are cricket and field hockey. Soccer, rugby, tennis and mixed martial arts all also have a sizable following. India’s cricket following is the most devout in the world, and it is estimated that Indian cricket draws €2.5 billion ($2.7 billion) in wagers annually.
Rugby and soccer also draw heavy betting interest, but the fact is, India is largely non-competitive in these sports globally. Indian rugby is currently not ranked in the World Rugby top 30, while the Indian soccer team is ranked 108th in the FIFA International Rankings. India’s national cricket team is the top-ranked squad in the world, although England took home the Cricket World Cup in 2019.
India Sports Betting Sites
While there are plenty of underground bookies in India, all state-licensed sports betting is handled online. As mentioned above, sports betting is only licensed by the state in a small handful of provinces in India. The provincial governments are responsible for monitoring and regulating sports betting. However, online sports betting is still available outside these provinces through internationally licensed online sportsbooks that are licensed to handle wagers from all over the world.
These international sportsbooks are not subject to the same legal restrictions as domestic sportsbooks and are thus available to the 99.8% of the Indian population living outside the legal sports betting provinces. International sportsbooks offer betting on cricket, soccer, rugby, MMA, and many other popular sports. And the best part is that they offer lucrative deposit bonuses and superior payout rates to those you would find with a domestic book. These sites receive hundreds of thousands of visitors from India.
Deposit Methods + Currencies Used In India
While you are using sportsbooks in India, 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 offshore sportsbooks. 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:
|Cryptocurrencies||Visa Card||Visa Electron||MasterCard|
|MasterCard Maestro||Skrill||Skrill 1-Tap||Neteller|
How Do I Withdraw My Winnings In India?
Of course, if you are going to bet on sports while you are 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 online sportsbooks. 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 the other withdrawal methods available to you.
|Cryptocurrencies||Visa Card||Visa Electron||MasterCard|
How Is Indian Sports Betting Taxed?
Due to the fact that sportsbooks and sports betting are in an unregulated market, there is no real tax rate in India. Each state determines how sports betting is 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 in India will become widely available in the next few years.
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.
|Restrictions:||None, but unregulated|
|Popular Sports:||Cricket, Horse Racing, Rugby, Soccer, Tennis|
India Sports Betting FAQs
What Are The Best Betting Sites In India?
Sports betting is available in certain states within India, but it does not have countrywide availability. That is why instead of going to illicit bookies, many people in India decide that using online offshore sportsbooks are a much safer alternative. And they are right. There are plenty of online offshore sportsbooks that are safe to use in India. SportsBetting and BetOnline are two of the best and safest online offshore sportsbooks that Indian sports bettors can use. These two online sportsbooks have been around for the better part of a decade and they have odds and lines on cricket, rugby, soccer, tennis, and much more.
Which Banking Methods Are Accepted At India Sportsbooks?
When you are betting on sports in India, you should know that you have a lot of different banking options that are available to you. For example, Visa and Mastercard’s allow you to deposit anywhere between $10 to $30,000 in online sportsbooks. MasterCard Maestro has the same deposit rates and is available as well. Neteller, Skrill, Skrill OneTap, PaySafeCard, and so much more is available at Indian sportsbooks. The rates vary, but you can donate between $10 to $50,000 using these methods. If you are using online offshore sportsbooks such as BetOnline and SportsBetting, you can use cryptocurrencies as well. As you can see, there are plenty of ways you can get money in and out of your sportsbook account in India.
What Does The Future Of Sports Betting Look Like In India?
India sports betting can potentially have a bright future. Although it is unregulated, over $60 billion is wagered on sports within the country. Most of the money wagered in online offshore sportsbooks. If the Indian government wants to collect more tax revenue, implementing sportsbooks could make that happen easily. It seems like Indian sports betting is heading in a favorable direction. Some states in India already have some form of sports betting happening. It is only a matter of time before the federal government in India formally allows sports betting and it becomes available all over the country.
Can I Use Promo Codes In India?
Even though sites like SportsBetting and BetOnline allow bettors from India to place their bets, you actually cannot use promo codes. With in the terms of service, these sites explicitly say that Indian sports bettors cannot use the promotions that the sites have. That means no welcome bonuses or reload bonuses for Indian sports bettors. The reason for this is unclear, but that does not mean that you cannot use the sites. As we have already said, Indian sports bettors are free to use SportsBetting or BetOnline and they are two of the best online offshore sportsbooks even without the use of promo codes.