Did the online betting sites in India go bankrupt during Covid-19?

8 July 2020
Reading Time: 6 minutes

COVID-19, the global pandemic has led to the collapse of several systems and structures around the world. Many industries have shut down, and some are on the brim of shutting down. Uncertainty has surrounded many commercial sectors in India. COVID-19 pandemic has affected industries of all sorts across the globe. The sports betting industry also took a significant hit during the COVID-19 pandemic. The ongoing pandemic has caused many sports leagues to shut down. A few of them are coming back, but there are too many uncertainties over some leagues and locations. But the good news is that people are starting to talk about sports again, especially in India. With that in mind, many people around India have been looking for great websites that provide sports gambling or betting details. Whether it is betting on sports or just enjoying casino games online, Indian players are getting more and more attracted to the online gambling sites given the current situation. The pandemic has forced many people to stay inside as well as look for alternative options of entertainment.

The current scene of the betting industry

Indian sports betting

The Indian sports betting industry will likely grow as the crisis subsides. It is unclear as to how long the pandemic will last, but sports will start to pick up. The betting world might change as some games adapt to the moment. There may be changes in the rules in some games. The fan factor and home-field advantage may also be minimal, as some venues will only allow a fraction of the spectators they usually bring to games. Others might not let those people in at all. But people will want to bet on sporting events in India. People have become more informed about sports betting, especially as people were going online to do things during the recent lockdown in India. They want to use their money to bet on sporting events in India not to mention they love the thrill of potentially winning something. You have got plenty of sites to explore, but you will not be alone if you are looking for something new.

More people discovering gambling sites

sports betting

The potential growth in sports betting in India comes as people are learning more about the top Indian gambling sites. They have been discovering some of these sites during the ongoing pandemic. The Indian government ordered a lockdown of the country for a few months due to the virus. The goal was to prevent people from being mobile, thus reducing the potential for the COVID-19 virus to spread. People were unable to go to businesses or do many things outside. The shutdown of air and rail travel across India also made it impossible for people to leave places.

Confinement at home due to the pandemic

People have been going online more than ever during the pandemic, especially since it has been impossible for them to go anywhere else. They are resorting to more and more online entertainment as well as business options because the situation has forced them to be at home most of their time. The online traffic experienced a 30% increase in fourteen days during the lockdown. Much of this came from people starting online classes and communicating with each other for work purposes online. But you could bet that gambling activities could be a factor. There is a chance that you might have been discovering these sites yourself.

Cancellation of sports events

The effect of COVID-19 pandemic has also affected big sports events and tournaments. For instance, BCCI (Board of Control for Cricket in India) decided to postpone the 13th edition of IPL (Indian Premier League) which was originally getting started on 29th March 2020. IPL got postponed till 15th April 2020. Since the outbreak did not come to a halt, the schedule got postponed further. Besides this, the Olympic, which was scheduled for this year, has also been rescheduled for 2021. The decision was taken by the board to ensure the athletes’ as well as peoples’ safety. Another major tournament, the EuroCup, had to be put on hold for the time being. Alongside these major tournaments, most of the smaller sporting events have also been affected. Due to the postponement of most of the sports events all around the globe, the sports betting industry has seen a huge loss. Since there are no more matches or tournaments to place bets upon the betting industry seems to have taken a hit. The player’s activity at sports betting sites is reduced significantly, and hence the sports gamblers started to find the alternatives. Therefore, the gamblers who used to visit land-based sports betting halls or place bets on online betting sites have routed their ways towards online casinos.

Online gaming is on the rise

Online gaming

A story from a leading news bulletin states that online gaming in India grew by 110% in April versus February and the curve is growing upwards. The immense growth comes from people staying indoors and finding new forms of entertainment. What is also interesting is that some streaming services and online gaming clients have been asked to stream their content at lower resolution totals. Reducing the resolution makes it easier for programs to run without using loads of bandwidth. The increasing popularity of gaming is one of the things causing changes in how things are going.

What to expect out of sports betting

The sports that will be eligible for betting may be restricted as the world moves out of the pandemic. Yet there are plenty of things the world might begin to consider when betting on sports. Gamers may become involved in betting on new sports, or the leagues they wish to discover. These include everything from Bundesliga football in Germany to CPBL baseball in Taiwan. Such leagues have started up and had plenty of betting lines available. Some people are looking for anyone for betting. These smaller leagues might not be as familiar to people as the Premier League or Major League Baseball, but they are still options to note when finding bets. People might also be interested in betting on leagues that are jumping into the playoffs. The unique playoffs structures being used this season include ones that involve more teams. The NBA and NHL basketball and hockey leagues in North America are expected to have unique playoff rules for the coming year. It will be interesting to see how people bet on games that involve such rules. 

Concluding thoughts

India’s passion for sports, especially for cricket, is no secret. The sport has a following that could be described as almost religious, and more people are ready to start betting on it than ever before. But given the scenario when most events, venues and gatherings for tournaments and matches are closed as well, it may take some time before everything restarts and gets back to normal. Those wanting to put bets on sporting events should see what will happen when the sporting world begins again. Players have been looking at the top Indian gambling platforms for ways to enjoy sports betting. The potential for these places to become much more famous is something worth exploring, especially if you are looking to get back into the swing of sports betting.

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