- February 16, 2023
Thailand is a country known for its tourist attractions and white elephants. It is also a country where gambling, both physical and online, is popular. However, most forms of gambling are banned in Thailand. The reason for this is that most of the people in Thailand follow Buddhism, and according to it, gambling is a sin. The only accepted forms of gambling in the country are government-sponsored lotteries and horse race betting. As a result, physical casinos and online gambling sites are illegal in Thailand. Even though there is no direct law that states that online gambling is illegal, it is still prohibited. Nonetheless, you may still see people in Thailand gambling underground or hiding their identity through VPN to gamble online. As a result, you may stumble upon Thai online gambling websites. These websites are not yet traced down and blocked by the Thai government. The Thai government mostly focuses on tracing and shutting down physical casinos rather than online ones with foreign gambling licenses. With that being said, the only sports gambling that is legal to do in Thailand is horse racing betting. Even that has restrictions. International horse racing betting is illegal. Other than that, any other type of sports betting is illegal.
Start of Sports Gambling in Thailand
Thailand is known for its traditional sports of cock and bullfighting. Back then, you may see these sports events and tournaments taking place while money was being used to bet. In fact, many stadiums wherein these kinds of sports are held were built across the country. Each stadium can accommodate about 1,000 audiences. However, the Gambling Act of 1935 made sure that only government-regulated lotteries and horse racing were legal to gamble in Thailand. Football or Soccer is a very popular sport in Thailand. However, it was not included as one of the sports games allowed to gamble in. The Thai government made it clear that betting on football is illegal.
Current Situation of Sports Gambling in Thailand
Up until this day, any type of sports betting game besides horse racing is illegal in Thailand. Luckily, the development of technology has provided Thai gamblers a way around that restriction by having online gambling sites that can be accessed through mobile phones or personal computers. Additionally, they can easily deposit and withdraw their money through e-wallets and cryptocurrencies like Neteller, Skrill, and Bitcoin. Moreover, it is much easier for them to gamble online as the Thai government rarely goes after players but instead focuses on the owners that operate illegally. In a survey conducted last year, 49% of the population in Thailand had participated in sports betting events, either physically or online. Additionally, 40% of the population gamble on sports events weekly, the majority of whom are males between the age of 25-40.
Famous Sports Gambling Games in Thailand
Thai people love to gamble on sports like football and basketball. In fact, these two are the two most popular sports to gamble on in Thailand. Gamblers would bet on different sporting events, such as the Thai Premier League, English Premier League, Bundesliga, Champions League, FIFA World Cup, PBA, CBA, and NBA.
Sports Gambling Market in Thailand This 2023
It is forecasted that the online gambling market, which includes the sports gambling market, in Thailand will reach USD 161.48 million in revenue this 2023. Therefore, if you want to enter the Thailand Sports Gambling Market, choose TC-GAMING Sports White Label. It currently operates and provides services for different countries like Thailand. You will have access to a variety of sports competition platforms, including the TC-GAMING Thai White Label. It provides various games that are most popular with Thai users, such as chess and cards, lottery, and sports. Additionally, it provides both Thai and English language services to cater to both foreign and local gamblers. Moreover, TC-GAMING hired local Thai designers to design the system layout that is closest to the Thai gaming market. With TC-GAMING’s 15 years of experience in the white label gambling industry, you don’t need to worry about anything. We can provide you with a professional service team available 24/7 and professional operation and customer service online consulting services. TC-GAMING White Label Solution is your safest and best choice when entering the Thai sports gambling market this 2023!