Over recent years, mobile game development services i.e. fantasy sports app development got the attention of several business owners. And why not? The sports betting industry has grown rapidly and many countries are looking forward to legalizing sports betting services.
If you are also planning to jump into the sports betting business, then knowing about the countries where sports betting is legal would be in your interest and help you grow your business legally.
Which Countries Have Been Legalized Sports Betting?
Here is a list of the few countries which have taken the initiative to make online sports betting legal.
1 United Kingdom
The United Kingdom implemented some laws to regulate gambling and sports betting to protect the children and other persons involved in betting sports betting from all kinds of fraudulent activities.
2 South Africa
As per South Africa’s gambling act, 1965, all types of sports betting excluding horse racing are illegal in the county. This ban greatly contributed to the huge success of horse racing betting. So, if you are willing to start horse-racing sports betting, then South Africa is an ideal country for you.
3 Australia
Both the federal and state governments of Australia have taken a step forward to legalize sports betting. The gambling laws of Australia are intended to secure gamblers from the harmful effects of online gambling.
4 India
In India, there are 28 states, and each state has its own law. In most states, sports betting is legal in Sikkim, Goa, Daman & Diu. Some of the most prominent types of sports where you can place bets in India are lotteries, horse racing and casinos.
5 Nigeria
In the past few years, Nigeria’s online sports betting market has seen enormous growth, which greatly contributes to making Nigeria one of the booming markets.
6 Mexico
Mexico is one of the oldest countries which has legalized online sports betting in the year 2004. Both offline and online sports betting on all types of sport is legal in the country.
7 PERU
The PERU government has also legalized online sports betting on all kinds of sports. The PERU government allows the punctures to place the bet on multiple sports including baseball, football, soccer, and a host of other sports.
How Legalization Can Help to Prospect Your Sports Betting Business?
This can be judged from the experience of these aforementioned countries made by legalizing sports betting. For instance, Australia is one country that reported increased tax revenue after legalization. The legalization highly inspired people to invest in the sports betting business to generate profit.
Concluding Thoughts
Every country has its own set of rules and regulations regarding sports betting. There are several countries where sports betting is illegal, while there are some countries where the market is dominated by sports betting. Hence, you must collect all the necessary information before starting sports betting business. Hire a developer who can take care of legal formalities along with the sports betting software development to reduce your burden of selecting the right country to launch your online sports betting business.