Betway is presently unavailable to Indian players as the company has withdrawn from the Indian market. The bookmaker ceased accepting new customers in India in October 2023 and has shut down its operations in the country.
This decision is primarily due to the imposition of a 28% Goods and Services Tax (GST) on offshore gambling operators by the Indian government. This tax change posed a significant financial burden on Betway, which is based in the UK and is a subsidiary of the New York Stock Exchange-listed Super Group. Due to this, Betway has chosen to refocus its efforts on different markets.
On this page, you can find all the details about Betway’s withdrawal from India and what are the best alternatives for your sports betting adventure. So let's check out and we will give you the best bookmakers who are still available in India.
Is Betway Banned in India?
Betway has not been banned in India, instead, the betting platform has chosen to voluntarily make an exit from the Indian market. This decision is purely a business decision after the imposition of the new policy by the Indian government.
Starting from October 1, 2023, Betway ceased its operations and services in India due to amendments made to the CGST Act 2017 in August 2023. The new section 14A mandated tax payments by offshore gaming firms, placing a significant financial burden on such operators.
In response to these regulatory changes, Betway made the announcement on its India-specific website, stating, “We regrettably have elected to cease trading in your region. We will work with you to return any outstanding balances.” Earlier in August another UK-based betting platform, Bet365, announced an exit from the Indian market.
The government of India has introduced a 28% GST on offshore gambling operators, effective from October 1. The Principal Commissioner of Central Tax in Bengaluru West has been designated as the authority responsible for issuing registrations.
Alternatives for Betway
If you're looking for alternatives to Betway, there are several top-tier betting sites to consider, including 1xBet, 22Bet, and Stake. These bookmakers are renowned for their reliability, diverse betting options, and excellent user experiences.
And don't worry, all these betting sites are completely legal in India.
1xBet is a strong alternative to Betway. 1xBet is a reputable betting site known for its extensive sports coverage and competitive odds. It offers a wide range of markets, live betting options, and casino games.
Also remember, the bookmaker has an amazing welcome bonus and other promotional offers on their platform. Make sure to sign up with them today!
Stake is a well-regarded online betting platform with a focus on cryptocurrency betting. They have recently started accepting UPI as well for the convenience of Indian bettors like you.
Just like 1xBet, Stake covers a wide range of sports such as cricket, football, basketball, etc. Top personalities such as Sergio Kun Aguero, and Darke are associated with the bookmaker which makes them a huge name in the market.
Another betting site that can be a perfect alternative to Betway is 22Bet. They offer a comprehensive sportsbook and casino games. The bookmaker is known for its competitive odds and great promotional offers.
Above that, their customer support is one of the finest in the betting industry and you can claim the welcome bonus to boost your bankroll.
Why is Betway not Opening?
Betway is not accessible anymore to Indian players due to the company's withdrawal from the Indian market. The bookmaker has stopped accepting new customers in India and has shut down its operations in the country.
If you visit the official website of Betway, they have clearly mentioned “We regrettably have elected to cease trading in your region. We will work with you to return any outstanding balances. If you have an account you would like to discuss please contact us at [email protected] and include your username.”
So, currently, you won't be able to log in or withdraw funds on your own. For all the queries, you have to email them to the above-mentioned id.
However, if you are not in India and still have an account with Betway, you will be happy to know that the bookmaker is fully operational in other parts of the world where betting is legal.