India’s offshore iGaming market 2026: Parimatch leads as Jojobet climbs

Indians spend around $10B a year offshore on sports betting alone, per Think Change Forum, and the entire unregulated gambling market is estimated at $20B. That money bypasses Indian banks and regulators entirely. Blask still captures these flows, because the platform measures real search demand rather than license status.

Context: what the PROG Act actually banned

Passed in August 2025, the PROGA law is the legal core of enforcement: a blanket ban on all paid online games with a payout that erased the skill-versus-chance distinction the industry had relied on for years. From May 1, 2026, the accompanying rules took effect, empowering the new regulator (OGAI) to block payments, with penalties of up to three years in prison and fines for operators that break the ban.

Local giants didn’t wait for May: hit by bank deposit blocks, Dream11, MPL and other platforms had already switched off real-money games back in August 2025. Having lost up to 95% of their domestic revenue, the legal industry never got time to adapt — it could only watch its audience move to offshore operators beyond the reach of Indian courts.

Who’s capturing the offshore demand: brand rankings

Comparing February–April with May–July 2026, the offshore top tier held, but the order inside it moved.

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Parimatch widened its lead on demand (12.35% → 13.88% BAP) and lifted monthly CEB to $40.4M. 4RABET moved from third to second by BAP. Winmatch took third. Jojobet is the clear mover: seventh to fourth on demand, with monthly CEB from under $1M to $12.5M. Dafabet slipped from second to fifth on BAP; its CEB stayed high at $36.2M a month (second on earnings among these five) after $40.0M pre-ban — so the brand lost attention share faster than the earnings baseline.

HoliganBet rose from 25th to 16th by BAP (0.77% → 1.38%). Stake held sixth on demand in the post window (5.28% BAP) with monthly CEB down from about $25.9M to $21.4M.

The market CEB slice for India compressed: average monthly CEB fell 6.5%, from $422M (Feb–Apr) to $395M (May–Jul). July alone printed about $372M, 12.6% below April’s $426M. Demand share reshuffled inside a smaller earnings pool.

The split after 1 May is between interest and CEB. Search for offshore brands kept reshuffling winners; projected revenue for the market kept sliding. Conversion is getting harder under payment blocks and site enforcement even when players still look for where to play.

Cricket as a demand driver: IPL, the ICC and offshore betting

The ban landed right in the middle of the country’s biggest betting event — IPL 2026 (March 28 – May 31), which kicked off right after India’s win at the T20 World Cup. The PROG Act took effect on May 1, squarely in the middle of the tournament.

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Cricket softened the drop but didn’t stop it: after May 1, Blask Index crashed 27.6% even as matches continued, then fell a further 10.3% once IPL ended in June. Authorities acted aggressively — by the end of March they had already blocked more than 8,300 gambling sites, and just before the ban ordered VPN services to cut access to illegal platforms.

What the reshuffle shows

PROGA did not clear paid play from Indian demand. It cleared the licensed domestic RMG brands from that demand and left offshore operators as the visible search set. Parimatch strengthened. Jojobet and HoliganBet took share. Dafabet and some older names gave it up on BAP while still printing solid CEB.

For the full market picture, see our India market overview. For the CEB methodology, check Blask’s explainer on the Competitive Earning Baseline. For the brand-by-brand breakdown right after the ban took effect, read our India iGaming 2026 brand rankings.

FAQ

Where did Indian players go after the 2026 ban?

Almost entirely offshore — Blask data records zero demand on legal domestic platforms after May 1, 2026, with foreign operators absorbing all of the traffic.

Which offshore brands dominate India iGaming after ban?

In May–July 2026: Parimatch (13.88% BAP, ~$40.4M CEB per month), then 4RABET, Winmatch and Jojobet. Dafabet is fifth on BAP but still near the top on CEB (~$36.2M per month).

How big is India illegal gambling market 2026, really?

$10B a year leaves the country on sports betting alone, per Think Change Forum.
$20B a year is the broader estimate for all offshore gambling, per Medianama.
Up to $100B a year flows into offshore platforms as total user deposits, per CUTS International.
Blask estimates Indian market at $4.95B CEB per year.