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Millions of Indians bet on cricket every single day in foreign, often unregulated, markets. Why can’t they do the same and fuel a local industry that pays millions in taxes to improve the lives of the people? Black market bookmakers are often unscrupulous with many customers getting stung for considerable sums of money.
The general on-line betting market in India is rising at a fast fee of 20% per 12 months, and because the lion’s share of this development is going on within the cricket betting market – nicely, as you may guess: the cricket betting market is gonna proceed to develop quickly over the following 5-10 years.
Evolution of Indian Cricket and Cricket Betting Market in India. By. Sini Azahov. -. August 14, 2020. Cricket is among one of the most popular games on the world and also individuals in India enjoy it competitively as well as socially. The initial video game was in Examination Match layout but cricket later progressed to consist of the modern ...
The illegal cricket betting industry takes place in back alleys and on the streets and in villages all across India. This is an informal sector with no regulation and zero oversight.
Now, readers may be surprised to learn that the illegal cricket betting market is (according to estimates, and we must emphasize that these are estimates, no one knows for sure) worth up to $150 billion (Rs. 9.9 lakh crore) per year. This is an incredibly enormous figure which dwarfs the annual turnover of the legal cricket betting industry ...
India’s current captain Virat Kohli has some 37 million Facebook followers, and MS Dhoni, another well-known Indian cricket player, has over 20 million. The market size of the sports industry across India, especially for companies like Cricket-Betting.in who provide live tips and bets, makes India a lucrative location to operate in.
Going back to 2016, a report in the Hindustan Times claimed the illegal betting market in India is worth $150 billion (Rs 9.9 lakh crore) a year, with over $200 million gambled on every ODI match. The information was gathered by the Doha-based International Centre for Sports Security and applies only to India and ODI matches. That makes you think just what the figures must be if you begin including the countries where it is legal to bet on cricket, such as the United Kingdom.