Articles

Browse Articles » Others » online betting business is growing in Iran –...

online betting business is growing in Iran – here's reasons why

by Wednesday Adam SEO

Iran banned all types of recreational activities during the revolution. Since 1971, Iranians have not been allowed to gamble or bet on their favorite sports. That's why many Iranians have turned to online sportsbooks, allowing them to leverage bonuses, place bets, and remain anonymous.

Reasons Online Betting Industry is Growing Fast in Iran

High level of online gambling in Iranian society
Lack of legal places to gamble in person
Increased online consumers, particularly the youth
Variety of sports betting options online
Live and in-play betting

Let me explore these top reasons why the online betting business is growing in Iran. First, let's look at the country's online betting stats.

Iran's Online Betting Stats

A 2022 study published by the National Library of Medicine (NLM) states Iranians are rapidly turning to online sports betting and crash games.

Yes, this is true! Betting at Abt90.co has helped me win thousands of dollars to date.

Anyways, the COVID-19 pandemic was one of the primary reasons Iran has shifted toward online gaming and sports betting.

A 2023 study published by Research Gate has confirmed the prevalence of Iranian women in online gambling.

In addition, the online games market is growing in Iran. According to Statista, it will reach a whopping $57.83 million by the end of this year.

The following stats show why the online betting business is growing in Iran.

· Betting and gaming markets will grow at a 7.72% CAGR rate between 2024 and 2027.

· The gaming market will generate a revenue of more than $72 million by 2027.

· The number of online gaming enthusiasts and players will reach 11 million by 2027.

· Betting players' penetration in 2024 is 11.8%.

Why is Online Betting Growing in Iran

The stats I have discussed above clearly show the growth of online betting businesses in Iran. Could you imagine how people living in a conservative society have a rebellious nature and want recreation? Yes, this is supposed to happen. Here are the reasons online gambling or sports betting is growing in Iran.

High Level of Online Gambling in Iranian Society

Research shows that about 8.9% of people in Iran, including men and women, young and old, participate in sports betting and gambling activities.

These people come from all economic classes. Iranians have lived a strict life with less freedom after the 1979 revolution.

However, they have broken the shackles and are now fulfilling their dreams in all aspects of life. The same goes for online gambling and sports betting.

Not only does betting allow Iranians to entertain themselves, but they also leverage different bonuses and promotions.

The primary motive is financial stability, and betting provides this opportunity – however, I suggest and urge fellow Iranians to play or bet responsibly.

Lack Of Legal Places to Gamble In-Person

Islamic law governs and controls Iran's legal framework. According to Iranian law, all forms of gambling are restricted and banned.

If any citizen violates the law, the government will put them behind bars or penalize them. Two gambling and betting categories exist according to Iran's Penal Code. These two groups are:

· Simple betting

· Organized betting

People convicted of simple betting can face 6 months' punishment in jail. Likewise, the government may also impose heavy fines.

On the other hand, organized betting involves businesses encouraging people to bet on sports and eSports. These companies that promote gambling operations in Iran face legal penalties.

Iranian authorities have implemented various methods to prevent sports betting. One of them is ensuring that there is no in-person or physical casino or sports betting platform.

However, Iran does not have measures to control online gambling and betting. That's why online platforms are growing in popularity.

Increase in Internet Use

The number of online users in Iran during the Covid-19 pandemic was 59.16 million. One statistical report shows that the number of internet users increased significantly between 2020 and 2021—about 1.3%.

The exact number increased during this period was 739,000. Besides, around 70% of people in Iran use the internet, making it a popular platform for those looking to bet on sports.

This is 2022's figure. In 2023, the number of people using the internet increased by 8.6% to 78.6%.

So, what do these statistics indicate? Well, the increase in internet use is directly proportional to more Iranians betting on their favorite sports.

Variety of Sports for Betting

If you are in Iran, you can bet on any sport. Yes, I am being very truthful! The reason is that most betting sites Iranians can access are globally licensed.

You can find MGA, Curacao, Swedish, UKGC, and other licensed casinos that offer betting options on hundreds of sports.

So, this adds an additional layer of excitement and thrill for Iranians. The most popular sports Iranians love to bet on are:

· Football or Soccer

· Volleyball

· Basketball

· Tennis

· Horse Racing

Live and In-Play Betting

Live or in-play betting is another reason that has streamlined the growth of online casinos and betting platforms in Iran.

Live betting enables Iranian players to place bets on sporting events by leveraging real-time data and stats. The purpose is to make informed decisions and increase your chances of winning.

And I believe this is where Iranians are very good at and smart enough. Live betting offers several benefits:

· Engagement, fun, and excitement

· Numerous opportunities, including betting on the goal scorer, final score, etc.

· Betting selection, promotions, bonuses, and better odds

· Safe deposit and withdrawal methods, such as crypto, are used to maintain anonymity.

Final Words

Recreation is Iran's monopoly. Whether football, volleyball, basketball, tennis, camel, or horse racing, people in Iran do not lose a single opportunity to have fun and win.

Although gambling and betting are illegal in Iran, the zealous and enthusiastic Iranians will do whatever it takes to have entertainment.

Just don't forget to download, install, and use a VPN to avoid the government's legal actions.