Betting with PhonePe India

PhonePe is a popular mobile payment application, with millions of Indians using it daily. Established in 2016 by PhonePe Private Limited, previously known as FxMartPvt Limited. It is a UPI-based payment method licensed by the Reserve Bank of India. The PhonePe app is one of the most used mobile systems in India, with over 280 million users.

Are PhonePe betting sites a good choice for Indian bettors? Zero fees, easy transactions, local currency and availability in 11 local Indian languages make it one of the best choices for any Indian player. Keep reading to find out more about:

The up-to-date list of PhonePe betting sites in India
Why is it considered safe?
How to deposit and withdraw using PhonePe?

Cristina Tudose May 14, 2021

Which Are The Best PhonePe Betting Sites?

7.6

Bitcoin Sportsbook

150% Bonus up to $100 150% up to $500

Visit Visit Site

7.9

BetOnline

50% Freebet up to $250 50% up to $250

Visit Visit Site

7.8

SportsBetting.ag

50% Bonus up to $1,000 50% up to $1,000

Visit Visit Site

Why Trust us?

We combine years of experience with thorough research. We are players ourselves and strive to provide the most unbiased bookmaker reviews. We evaluate factors like reliability, odds, mobile features and withdrawal speed. You can also find the best betting bonuses available for each sportsbook. Moreover, we always consider players' feedback and include it in our reviews.

Tested And Approved PhonePe Betting Sites

You are Viewing Bookmakers

United States Accepted

Disclosure

Certain bookmakers appear on Bookmakers.bet as part of commercial agreements. However, our editorial team maintains full independence. All reviews and ratings reflect expert evaluations and real user feedback, not sponsorship influence. We prioritize fairness, transparency, and your betting experience above any partnership considerations. Please always gamble responsibly and within your limits.

Show advanced info

1

7.6

Bitcoin Sportsbook Review

Crypto Bonus

150% Bonus up to $100

Online Since:
2025
License:
BMB Verified:
Not Yet

Crypto Bonus

150% Bonus up to $100

Visit Site

Online Since:
2025
License:
BMB Verified:
Not Yet

WHAT WE LIKE:

250+ Football Markets
Bet Builder
Excellent Promotions

Bonus Terms:

Minimum Deposit:
25
Wagering Period:
N/A
Rollover:
(D + B) x 14

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

2

7.9

BetOnline Review

Fiat Bonus

50% Freebet up to $250

Online Since:
1991
License:
Panama
BMB Verified:
Not Yet

Fiat Bonus

50% Freebet up to $250

Visit Site

Online Since:
1991
License:
Panama
BMB Verified:
Not Yet

WHAT WE LIKE:

97% Odds on US Sports
Live Streaming
Props Builder

Bonus Terms:

Minimum Deposit:
50
Wagering Period:
30
Rollover:
B x 1

PAYMENT METHODS:

Minimum Fiat Deposit:

$25.00

Withdrawal Times:

1-3 days

18+ | Full T&Cs Apply

3

7.8

SportsBetting.ag Review

Fiat Bonus

50% Bonus up to $1,000

Online Since:
2012
License:
BMB Verified:
Not Yet

Fiat Bonus

50% Bonus up to $1,000

Visit Site

Online Since:
2012
License:
BMB Verified:
Not Yet

WHAT WE LIKE:

98% MLB Payout
High US sports odds
Special Teasers & If Bets

Bonus Terms:

Minimum Deposit:
55
Wagering Period:
30
Rollover:
(D + B) x 10

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

4

7.6

Lucky's Ledger Review

Fiat Bonus Exclusive

100% Bonus up to $500

Online Since:
2024
License:
Anjouan
BMB Verified:
Not Yet

Fiat Bonus Exclusive

100% Bonus up to $500

Visit Site

Online Since:
2024
License:
Anjouan
BMB Verified:
Not Yet

WHAT WE LIKE:

100+ NFL Markets
Bet Builder
10+ Crypto Payments

Bonus Terms:

Minimum Deposit:
10
Wagering Period:
30
Rollover:
(D + B) x 7

PAYMENT METHODS:

Minimum Fiat Deposit:

$10.00

Withdrawal Times:

1-3 Days

18+ | Full T&Cs Apply

5

7.5

Everygame Review

Fiat Bonus

100% up to $500

Online Since:
1996
License:
BMB Verified:
Not Yet

Fiat Bonus

100% up to $500

Visit Site

Online Since:
1996
License:
BMB Verified:
Not Yet

WHAT WE LIKE:

High-Value Welcome Bonus
US-friendly Sportsbook
95%+ on N.American sports

Bonus Terms:

Minimum Deposit:
5
Wagering Period:
N/A
Rollover:
(D + B) x 6

PAYMENT METHODS:

Minimum Fiat Deposit:

$25.00

Withdrawal Times:

1-3 Days

18+ | Full T&Cs Apply

6

7.5

Donbet Review

Fiat Bonus

120% Bonus up to $600

Online Since:
2023
License:
BMB Verified:
Not Yet

Fiat Bonus

120% Bonus up to $600

Visit Site

Online Since:
2023
License:
BMB Verified:
Not Yet

WHAT WE LIKE:

400+ Football Markets
Live Streaming
Early payout on 1,2, & 3 Goals

Bonus Terms:

Minimum Deposit:
20
Wagering Period:
30
Rollover:
(D + B) x 10

PAYMENT METHODS:

Minimum Fiat Deposit:

€10.00

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

7

7.5

Cybet Review

Fiat Bonus

No Bonus Available

Online Since:
2025
License:
Anjouan
BMB Verified:
Not Yet

Fiat Bonus

No Bonus Available

Visit Site

Online Since:
2025
License:
Anjouan
BMB Verified:
Not Yet

WHAT WE LIKE:

No Country Restrictions
30+ Sports
Multiple Player Props

Bonus Terms:

Minimum Deposit:
N/A
Wagering Period:
N/A
Rollover:
N/A

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

1-2 Days

8

7.7

JB Review

Fiat Bonus

$4,000 Welcome Package + 20 Free Bets

Online Since:
2025
License:
Anjouan
BMB Verified:
Not Yet

Fiat Bonus

$4,000 Welcome Package + 20 Free Bets

Visit Site

Online Since:
2025
License:
Anjouan
BMB Verified:
Not Yet

WHAT WE LIKE:

95%+ Basketball Payout
Fast Markets
Live Streaming

Bonus Terms:

Minimum Deposit:
5
Wagering Period:
7
Rollover:
(D + B) x 20

PAYMENT METHODS:

Minimum Fiat Deposit:

$10.00

Withdrawal Times:

up to 45 minutes

9

0.5

BC.Game Review

Fiat Bonus

$4,000 Welcome Package + 20 Free Bets

Online Since:
2018
License:
Anjouan
BMB Verified:
Not Yet

Fiat Bonus

$4,000 Welcome Package + 20 Free Bets

Visit Site

Online Since:
2018
License:
Anjouan
BMB Verified:
Not Yet

WHAT WE LIKE:

Crypto-Only In-game Wallets
Live Streaming
Fast Registration

Bonus Terms:

Minimum Deposit:
5
Wagering Period:
7
Rollover:
(D + B) x 20

PAYMENT METHODS:

Minimum Fiat Deposit:

$10.00

Withdrawal Times:

up to 45 minutes

10

7.5

Pitbet Review

Fiat Bonus

100% Bonus up to $5,000

Online Since:
2024
License:
BMB Verified:
Not Yet

Fiat Bonus

100% Bonus up to $5,000

Visit Site

Online Since:
2024
License:
BMB Verified:
Not Yet

WHAT WE LIKE:

Live Streaming
Full Cash Out
High Winning Limits

Bonus Terms:

Minimum Deposit:
25
Wagering Period:
14
Rollover:
(D + B) x 5

PAYMENT METHODS:

Minimum Fiat Deposit:

€25.00

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

11

7.5

Jack Review

Crypto Bonus

100% Bonus up to 100 USDT

Online Since:
2022
License:
Curacao
BMB Verified:
Not Yet

Crypto Bonus

100% Bonus up to 100 USDT

Visit Site

Online Since:
2022
License:
Curacao
BMB Verified:
Not Yet

WHAT WE LIKE:

High winning limits
400+ football markets
Edit Bet Feature

Bonus Terms:

Minimum Deposit:
20
Wagering Period:
1
Rollover:
N/A

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

12

7.7

Vave Review

Crypto Bonus

No Bonus Available

Online Since:
2022
License:
Costa Rica
BMB Verified:
Not Yet

Crypto Bonus

No Bonus Available

Visit Site

Online Since:
2022
License:
Costa Rica
BMB Verified:
Not Yet

WHAT WE LIKE:

95%+ on Top Leagues
Live Streaming
300+ Football Markets

Bonus Terms:

Minimum Deposit:
20
Wagering Period:
30
Rollover:
N/A

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

13

7.5

31bets Review

Fiat Bonus

100% Bonus up to €1,000

Online Since:
2024
License:
Anjouan
BMB Verified:
Not Yet

Fiat Bonus

100% Bonus up to €1,000

Visit Site

Online Since:
2024
License:
Anjouan
BMB Verified:
Not Yet

WHAT WE LIKE:

No Country Restrictions
Live Streaming
Cash Out

Bonus Terms:

Minimum Deposit:
30
Wagering Period:
30
Rollover:
(D + B) x 15

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

14

7.4

BetNuvo Review

Fiat Bonus

400% Bonus up to €9,000 on the First 5 Deposits

Online Since:
2024
License:
Costa Rica
BMB Verified:
Not Yet

Fiat Bonus

400% Bonus up to €9,000 on the First 5 Deposits

Visit Site

Online Since:
2024
License:
Costa Rica
BMB Verified:
Not Yet

WHAT WE LIKE:

200+ football markets
Full Cash Out
96% odds on top leagues

Bonus Terms:

Minimum Deposit:
25
Wagering Period:
14
Rollover:
B x 25

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

15

7.5

7bets.io Review

Fiat Bonus Exclusive

225% Bonus up to $2,000

Online Since:
2024
License:
BMB Verified:
Not Yet

Fiat Bonus Exclusive

225% Bonus up to $2,000

Visit Site

Online Since:
2024
License:
BMB Verified:
Not Yet

WHAT WE LIKE:

500+ Football Bets
Full Cash Out
No Winning Limits

Bonus Terms:

Minimum Deposit:
20
Wagering Period:
14
Rollover:
(D + B) x 5

PAYMENT METHODS:

Minimum Fiat Deposit:

N/A

Withdrawal Times:

N/A

18+ | Full T&Cs Apply

Is PhonePe Safe in India?

Betting on PhonePe is a safe option for Indian players. PhonePe Private Limited owns it and operates under the license provided by the Reserve Bank of India. It is a plus that the transactions go through a secure and safe banking network. Also, when you open a PhonePe account, you need your UPI PIN as an extra step to proceed with any transaction.

Even though the gambling legislation in India is a mix of federal and local laws, there are no restrictions when you bet with PhonePe. It is legal to use it on Indian local betting sites. RBI (Reserve Bank of India) authorizes the PhonePe payment system. Also, it uses the UPI interface to secure money transfers.

What is PhonePe India?

PhonePe is a popular payment method to bet on Indian betting sites. At the same time, there are no fees when you deposit to your bookmaker, and you can proceed with any transaction in your local currency. Also, you can deposit funds to your betting account using only your phone. It is secure and reliable since the Reserve Bank of India regulates it.

Moreover, if you would like to use UPI as your payment method, PhonePe betting sites allow you to proceed through it. Furthermore, if there are any blocked transactions, the amount is refunded to your PhonePe account within 48 hours. Another advantage is that almost every site that accepts this payment method offers a welcome bonus.

PhonePe vs Wallets

Wallets are one of the most popular payment methods for making payments at online betting sites. The main advantage of them is that you can proceed wi...

Wallets are one of the most popular payment methods for making payments at online betting sites. The main advantage of them is that you can proceed with transactions under the government radar when, at the same time, that doesn’t apply for transactions with PhonePe.

Even though most bookies accept transactions via wallets, you are not always eligible for a welcome bonus. On the other hand, most PhonePe betting sites offer it.

PhonePe vs Paytm

There are not many differences between these two wallets since both are created exclusively for the Indian market. Paytm is one of the biggest wallets...

There are not many differences between these two wallets since both are created exclusively for the Indian market. Paytm is one of the biggest wallets in India, with over 350 million users. Talking about their apps, Paytm gives you more options to deposit to it than the PhonePe app does.

However, when withdrawing money from the Paytm app to a personal bank account, fees are unusually high, up to 4%, while at the same time at PhonePe, you are able to transfer your balance to your bank account with a 0% charge.

Nevertheless, if you are convinced that it is a legit alternative to Phonepe, you can always check here which betting sites accept Paytm.

PhonePe vs Netbanking/Online Bank Transfer

Despite the fact that there are betting sites in India that accept online bank deposits, depositing this way may not be so easy. Most of the banks in In...

Despite the fact that there are betting sites in India that accept online bank deposits, depositing this way may not be so easy. Most of the banks in India will probably block your transaction since the gambling legislation in the country is still unclear.

There is a federal law regarding gambling, but local law in some states is sometimes above the federal law. On the other hand, betting with PhonePe is totally legal.

OUR VERDICT

Final word on PhonePe India by Book Spy

Last updated: Jun 16, 2026

PhonePe is a popular mobile app in India for deposit and withdraw payments on betting sites. Players can bet using it in the local currency, and it is available in more than 11 Indian languages. Moreover, low fees and the availability to take a welcome bonus for most bookies are significant advantages.

Although, like every payment method out there, it has some drawbacks. Some deposits can take up to 3 hours to be processed. Also, the withdrawal procedure may take up to 3 days in some cases.

In conclusion, PhonePe betting sites could be a prevalent option for recreational players who seek a way to bet on their favourite cricket games, providing safety and eligibility for any kind of promotion. If this is the case, you can check if PhonePe is available on our approved IPL betting sites.

However, since the Reserve Bank of India regulates it, other wallets like Skrill or Neteller may be a better option for high-stakes players looking for under-the-radar betting.

Frequently Asked Questions

What is PhonePe?

PhonePe is a safe mobile money payment application available for all Indians. Zero deposit fees, easy transactions, local currency and availability in 11 local Indian languages are the main advantages.

Are there any fees?

There are no deposit fees when using this payment service at PhonePe betting sites. Also, there are no fees when you transfer your money from your wallet to your bank account.

Do I get a welcome bonus on PhonePe betting sites?

The answer is yes. Most of the PhonePe bookmakers in India that accept it as a payment method provide a welcome bonus and eligibility for any other promotion.

Is PhonePe legal?

The legislation in India is complicated with federal and local laws that apply to online betting. With the license provided by the Reserve Bank of India, betting with PhonePe is legal.

Which is the best alternative for PhonePe betting in India?

Based on our review so far, PhonePe is a pretty decent option if you are a casual player who wants to deposit and play on-the-go. However, high rollers look for something more under-the-radar; in this case, wallets like EcoPayz India provide a legit choice.