Tiger Exch 247 – The global sportsbook market value, which was over $57.54 billion in 2021, is expected to grow at a CAGR of approximately 10% between 2020 and 2025.
In 2021, sportsbooks generated a combined $57.22 billion in handling and $4.29 billion in revenue, up 165% and 177%, respectively, from the previous year. The sector is currently valued at $2 billion in India and is expected to grow by 20% annually. According to estimates and reports from these gaming sites, more than 140 million Indians play these online games normally, with this figure rising to 370 million during the IPL and other major events.
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The entire online sportsbook market in India is expanding rapidly, at a rate of 20% annually, with cricket accounting for the highest growth. Over the next five to ten years, the cricket book market will continue to expand rapidly. One of the leading international contributors in this field is India. Many Indians have been using their mobile devices to pass the time during the Covid-19 outbreak, and statistics show that 40% of people with internet access have visited an online sports site at least once.
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Due to the current growth in the demand of the gaming and stock trading industry, TigerExch is breaking the glass ceiling by introducing responsible gaming practices to its customers. This platform helps many players in the market who are making their way to find a niche for themselves. TigerExchange offers players over 300 games and payouts 24/7 with great deals and odds, prizes, cash prizes and bonuses while constantly updating the rules and restructuring the field to modern standards.
A little known fact is that fantasy sports and gaming industries are supported by Indian law. The Public Gambling Act of 1867 prohibits the operation or supervision of a public gaming establishment. However, the term “games of chance” is used to describe the games covered by this law. Even games like rummy or poker require skill and knowledge, according to the Supreme Court of India, and are not considered games of chance. Same goes for online soccer or cricket. As a result of all this, organizations like TigerExch encourage people to play online games, win prizes based on their luck, or use their knowledge and talent to bet on sports. In the near future, the sports gaming and trading industry is expected to only rise and portals like TigerExchange will definitely play an integral role in it.
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