Here you will find the best bookmakers which can be used by Indians who want to use the Indian Rupee as a currency. When people hear of India, they usually don’t associate it with gambling, but the country’s financial state is becoming better and better, plus there are over one billion people there, so you will find a huge amount of people who gamble.
Keep reading the article for more information about the best bookmakers which will allow you to deposit in Indian Rupee and if you have to pay any taxes on your gambling winnings in India. We will also show you the best deposit methods for INR.
Where can you bet using Indian Rupee?
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||£30||£2||No max||
When you consider the population of India and the willingness of people there to gamble, it’s surprising that only one website can offer them the opportunity to deposit money using their own currency. However, it’s not surprising that this bookmaker is bet365 – one of the best sports betting sites out there. Here are the payment methods which they will accept:
Bet365 – As we mentioned earlier, this is the only choice you have if you want to deposit money into your account in Indian Rupees. The bookmaker has a reputation for providing a wide range of payment options to their customers and the same principle applies to those who are from India. Some of the ways Indian punters can deposit money include Neteller, Click2Pay, Skrill, Entropay, wire transfer, and credit/debit card. You can also use them to withdraw money in this currency. It isn’t hard with Bet365!
Gambling Tax in India
Fortunately for people who want to gamble online, there is no tax on gambling winnings in India. The reason for this is because gambling is considered to be illegal in the country, but this law doesn’t apply to online gambling, mainly because the government can’t find an effective way to tax online gamblers.
This means that people can bet online and not pay any taxes on their winnings, but with the upcoming liberalization of the country, expect this to change.
What payment methods should people who want to deposit in Indian Rupees use?
Even though gambling isn’t allowed in the country, there is some kind of a gray area when it comes to using online betting websites. Most people think that the law doesn’t forbid it, but there are still some who are concerned and don’t want to risk it by giving out their credit or debit card details directly to the bookmaker.
We can understand this and recommend using an e-wallet like Entropay or Skrill. The transactions that show up on your bank account won’t lead directly to the gambling website, so the government will have a harder time tracing the money.