India’s gambling market is exploding, and broad interpretations of the law are leading to confusion around certain gambling activities. Since the industry’s emergence about a decade ago, most of Indian’s gambling is illegally wagered. The fast-developing world of online gambling makes it nearly impossible for the country’s government to regulate these bets, so now what? Read on to unearth some key points to consider about the state of India’s gambling scene.
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Betting has been heavily restricted in India since 1867 with the introduction of the Public Gambling Act. This law made it illegal to run a gaming house in India.
Despite the legislation, in today’s market more citizens are making cash bets on prohibited gambling activities. In 2016, the Indian Supreme Court ordered their Law Commission to examine the subject.
While critics insist that gambling leads to an increase in crime and corruption, and proponents on the other side argue that it’s a substantial revenue source for the state, there may be a shift in India’s laws. The Commission recommends full-scale deregulation of gambling throughout the country. This change in policy is exciting news to players, investors, and even online casinos.
The Evolution of Online Gambling in India
Except for state-sponsored lotteries and popular, local horse racing, gaming wasn’t that prevalent in India. Then in 2008 came the emergence of the online casino in India. Currently, only three states in India allow casino gambling, which is a clear reason why citizens are placing digital bets.
While still in its infancy, the world of online wagering in India is rapidly evolving into a $60 billion industry. Thanks to increased attention from e-commerce giants and the rise of public internet access, its popularity is skyrocketing. With 530 million smartphone users living in India today, mobile developers are also taking note.
Most Indian online casinos are located offshore, such as in Malta. These companies offer avid players top casino games, such as roulette and slots, and promise a variety of tempting ways to win big.
Who’s Gambling in India?
The big question is: Who’s gambling in India? When you take a look at the statistics, you might be surprised. About 80 percent of Indians report gambling at least once a year on sports, slots, or at online casinos.
Citizens are realizing an increase in disposable income that opens up the opportunity to buy all the latest devices. With the tap of a button, anyone with a smart device can quickly access almost unlimited gambling platforms or visit these same casinos with a desktop PC.
The Future of Gambling in India
India’s gambling industry is generating a ton of outside interest, and with a growing middle class and tech-savvy youth, offshore casino giants are working hard to take root in India. Government enforcement agencies can’t seem to stop the spread of illegal gambling. It’s likely just a matter of time until the Country extends licenses to betting firms that fully authorize online gambling in India.
If you live in India, you already have access to a wide range of internet-based casinos and card rooms. There’s also evidence of a shift towards a more relaxed attitude about gambling across the country. Some Indians hope this move will open up this exciting and lucrative industry, making it easier for fans to place legal bets in India.