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Satta Matka's history begins in Mumbai, India, in the 1960s when it was first introduced as a kind of gambling. At first, it involved placing bets on the cotton market's opening and closing rates in Bombay. Many individuals wishing to try their luck were drawn to the practice of placing bets on the fluctuating cotton rates.

This type of gambling grew in popularity and spread outside of the cotton exchange. The game changed throughout time and became a betting system based on numbers. Gamers Started Placing Bets on Stochastic Numbers (0–9) Drawn From A Matka (Earthen Pot).

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