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Rising Odds: Bangladesh’s Expanding Online Betting Market

By Phil Lowe

06 Nov 2025

Phil Lowe 06 Nov 2025

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Bangladesh’s online betting market is worth about US $68 million
The market is forecast to exceed US $90 million by 2029 with participation expanding rapidly
Soccer and cricket dominate wagering activity

Online betting in Bangladesh is growing quietly but rapidly.

Despite the country’s complex legal environment, market research suggests that participation continues to rise, driven by mobile connectivity, offshore platforms and a young, tech-literate population.

Bangladesh’s online gambling market is believed to be valued at roughly US $68 million, with projections of almost $93 million by 2029. Analysts estimate that the number of active players could hit the 20 million mark as soon as next year.

Sports betting dominates activity. Football and cricket attract the largest audiences, with global tournaments such as the ICC T20 World Cup and the UEFA Champions League generating particularly heavy traffic.

Offshore betting sites including 1xBet, Mostbet and several other international platforms accept Bangladeshi users, offering interfaces in Bengali and mobile-friendly designs to capture the country’s rapidly expanding smartphone market.

Bangladesh now ranks among the most active user bases in South Asia for such operators, and the 1xBet promo code NEWBONUS allows new players to claim a generous welcome bonus when registering at the sportsbook or casino.

Demographic factors explain much of the expansion. Bangladesh's population is structured with a significant young and working-age population. Around two-thirds of the population is under 35, and smartphone penetration has accelerated sharply since 2020.

It has been estimated that as many as 40 per cent of people aged 18 to 30 have engaged with some form of online gaming or betting, and the popularity of digital wallets and international payment gateways further lowers barriers to entry, even as domestic payment restrictions remain.

Rising Odds: Bangladesh’s Expanding Online Betting Market

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