The Indian betting market has grown over the past few years to be a highly valuable market in world betting. The regulation in India is varied by state with some states completely blocking all online gambling sites and apps. Here we look over the market data that we have available on the Indian gambling market.
Indian Betting Online Market Size & Growth
Key Market Insights
- The Indian online gambling market was worth an estimated $40 billion in 2021
- Growth is estimated at up to 22.5% annually until 2025
- Some estimates have the market as large as $150 billion by 2025 depending on the legislation that is brought it
- The Indian middle class is expected to grow from 50 million in 2022 to 267 million in 2025. This growth of disposable income is excepted to increase the amount people gamble online in India
The Average Indian Gambler
Popular Sports To Bet On
Popular India sports betting data
- Cricket 80%
- Football/ Soccer 10%
- Horse Racing 5%
- Other sports 5%
It is no surprise to see cricket betting as the most popular sport in India. The IPL is the pinacle of T20 francise cricket in the world and is wathed by millions of people in India.
Indian Online Gambling Market Questions
The latest data we have analysed shows that the Indian gambling market was worth between $40 billion and $60 billion in 2021.
The rise in the number of middle-class people in India with higher levels of disposable income is driving the growth in the Indian gambling market. The rise of smartphones and improved mobile data will see a rise in the use of betting apps in India, making online sports betting more accessible to millions of Indians.
From the data we have analysed expects expect the Indian gaming market to be worth between $100 billion and $150 billion in 2025. The key driver in this will be the approach the Indian government takes to legislate gambling, if at all. Another factor would be if any other states make online gambling illegal.
