Indian prosecutors filed charges in a New Delhi court against the 39 alleging links to organised crime during this year's edition of the Indian Premier League (IPL), a Twenty20 competition.
The players and others have also been charged with criminal conspiracy, cheating and dishonesty,special public prosecutor Rajesh Mohan told AFP.
Two of Sreesanth's teammates from the Rajasthan Royals franchise, Ajit Chandila and Ankeet Chavan, were also charged along with bookmakers and underworld figures.
They were charged under the Maharashtra Control of Organised Crime Act, Mohan said.
The three players were arrested in May along with scores of bookies as part of a police investigation into the spot-fixing scandal, which has caused outrage among fans in the cricket-mad nation.
India's cricket officials launched their own investigation into a separate betting scandal in the IPL, which prompted the country's cricket chief N.
Srinivasan to step aside last month pending the outcome of the probe.
In a further twist to the scandal, the Bombay High Court on Tuesday ruled that the probe itself had been illegal, throwing into question the return of Srinivasan.
He stepped aside temporarily as president of the Board of Control for Cricket in India (BCCI) after his son-in-law was arrested, and later released on bail, over alleged links to illegal bookmakers.
Son-in-law Gurunath Meiyappan is one of the owners of IPL franchise Chennai Super Kings, a team bought by Srinivasan's India Cements conglomerate when the league was launched in 2008.
The probe's report, leaked to the media on Sunday, found no wrongdoing by senior cricket officials or IPL owners over the scandal, apparently paving the way then for Srinivasan's return.
Gambling is mostly illegal in India, but betting on cricket matches thrives through networks of underground bookies.
Spot-fixing, in which a specific part of a game but not the result is fixed, is also illegal.
Sreesanth, who is the most famous of the three cricketers arrested having played 27 Tests for India, is alleged to have been paid tens of thousands of dollars after agreeing with bookies to deliberately bowl badly in an IPL match in May.
Police also alleged at the time of their arrest that his teammates agreed to similar deals in two other IPL matches.
All three players have denied wrongdoing.
Rahul Dravid, a former Indian captain and current skipper of the Rajasthan Royals, has been named as a prosecution witness in the case, according to the Press Trust of India.
Delhi police told the trial court on Tuesday that the accused were part of a larger betting syndicate controlled by underworld don Dawood Ibrahim and his aide Chhota Shakeel, Mohan said.
The underworld figures were also named as accused in the charge sheet, which includes details of taped telephone calls and runs to 6,000-pages long, PTI said.
The accused cricketers knowingly abetted the operation of this international organised crime syndicate, according to the police.
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