Although the Indian betting industry is valued at over $60 billion with an estimated growth of about 20% each year, the law governing gambling remains complicated. There is a widespread perception amongst players that betting is unregulated in the country. However, the significant revenues from both regulated and unregulated gambling suggest otherwise.
Some of India’s gambling activities include sports betting, prize competitions, horse racing, the game of skill and chance, and other online casino games like Roulette, Poker, Slots, and Blackjack. Despite the legal confusion, online betting is a popular activity among many men and women in the country, with the Lucky Nugget Casino trailblazing the industry.
Here are some quick facts about India’s online betting laws, you should be aware of if you’re a betting enthusiast.
For some people, gambling is considered a practice associated with religion, and to others, the authenticity of legal betting is not clear. While betting is illegal in most states in India, betting laws vary from one state to another. This creates a loophole or confusion as brick and mortar casinos are strictly forbidden while there isn’t a clear law prohibiting online gambling. Moreover, there are regulated casinos in the country that are legal to operate in India. Most of these casinos are regulated and controlled by the Malta Gaming Authority to ensure they provide players with safe games within the provided legal guidelines.
Online game bonuses offer massive bonuses than brick and mortar casino offers because they are customized to attract more players and provide more value for money. Furthermore, punters have a wide range of bonuses to choose from, rather than being limited to a few in physical casinos. For instance, regulated live online casinos like Lucky Nugget provide a range of bonuses, such as the ‘welcome bonus’ that will make your first deposit of 150% match up to $200.
Many players often wonder if it’s safe to play online games in India. Well, the reality is that it’s completely safe to play online on regulated casinos like Lucky Nugget. Most of these legalized casinos use digital encryption technology that not only simplifies the betting experience but also ensures players’ financial and personal information is secured all the time. They also offer mobile options to ensure you access your favourite online games whenever you feel safe and comfortable.
According to research conducted by the ‘My Betting In’ website, young people are more likely to bet online in India than the older generation. The study further indicates that about 44.6% of bettors are between 18 – 24 years, and 32.5 percent accounts for age between 25 and 34, showing that the vast majority of bettors in India are young people. However, there is an age restriction on who can bet in the country. As a player, you must be at least 21 years to participate in online betting that pays real money. You can also win real money in live casino games provided you play within your limits.
