Punters who take advantage of legal betting in various countries can reap huge profits; however, sports and gambling hasn’t been without its share of issues such as match-fixing and the perceived association with money laundering.
Which sports are eligible? Betting on sports is prohibited throughout India with the exception of Sikkim and Goa and Daman & Diu union territories.
France
France is among the legal betting countries, with sports gambling accounting for an important portion of France’s economy – sports gambling alone generated $2.3 billion in revenues in 2021 alone! Furthermore, French online bookies are regulated by their government and must meet high customer service standards in order to operate legally.
Though sports gambling is illegal in China, it remains an increasingly popular pastime in Hong Kong and Macau. Some Chinese people feel betting negatively affects games; they view betting as mental pressure that forces players to play worse; gambling also goes against morality; therefore some choose not to place bets at all or avoid betting websites altogether – yet the industry continues to thrive and gain popularity.
United Kingdom
The United Kingdom is widely known for sports betting. Home to countless bookmaking shops and off premises wagering kiosks, and with reasonable gambling laws. Furthermore, its reputation for integrity stands strong here.
The UK is composed of England, Wales and Scotland (in their historic states), as well as Northern Ireland. Known for its rich history and modern parliamentary democracy, it boasts a large economy as well as membership in several international organizations.
Many people are wary of match-fixing and other illegal activities, prompting some countries to ban sports betting outright in fear that such activities could create anxiety among players, negatively affecting their performances.
Colombia
Colombians can wager on various sports. Football and horse racing are two of the most popular options, providing valuable tax revenue back into these sports and providing income for Columbian athletes.
Colombia’s online betting market is flourishing and is projected to experience even further expansion in the near future. The success of the market can be largely attributed to a combination of strong government regulation and introduction of new operators.
Are You Betting on the Super Bowl or Your NBA Team? Colombian online sportsbooks provide all of the odds necessary for your next bet, accessible via mobile phones. In addition, these sites accept various payment methods including cryptocurrency and debit cards for ease of betting.
Nigeria
Nigeria is an immensely popular sports betting country, boasting 40 legal bookmakers serving its growing iGaming fan base. Upwards of 60 million citizens place bets each year using bank cards, e-wallets such as Neteller or Skrill or USSD services to deposit at sportsbooks.
Although many still perceive gambling as sinful, technology has allowed young Nigerians to adopt a more liberal attitude towards sports betting. As a result, more youths are crowding betting shops and placing money on their favorite teams – with football being the primary betting market, basketball and international tennis leagues also finding favor amongst locals as lucrative markets that savvy sports iGaming operators are providing to Nigerians.
Australia
Australia has a rich tradition of sports betting, dating back to when horse races were legalized in 1810 and the full sports betting market opened for business in 1980. Since then, sports betting has become one of the most popular forms of gambling among its residents, generating annual revenues totaling $6.4 billion from this market alone.
Sports betting websites in this country face tighter rules regarding interactive gambling laws, making it harder to actively push promotions towards new customers than in other countries where these offers can be more easily showcased.
Australia may not seem like an obvious gambling hotbed, but it is actually the largest market for online betting firms. Australian residents spend almost twice as much per person than their closest competitor: Singapore.
