The online gambling industry is growing as more and more countries start to welcome this activity. India, being one of the most populous countries and having a rich experience in gambling, makes the country a good candidate for gambling companies to enter. However, when it comes to online gambling, India is still somewhat in the gray area.
Despite the lack of clarity on the legalization of different forms of gambling in India, the local industry is thriving and is even growing every year. In 2020, the Indian gambling market is said to have reached a value of over 90 billion Indian rupees. This number is also expected to increase further.
However, on the basis of published reports on this matter, a large part of said market value is realized at sea and underground. Many locals still check out some offshore casino reviews, such as 10CRIC review with pros and cons, if they want to place their bets online. Offshore online casinos and bookmakers remain the benefactors of India’s love for gambling, as local casinos and bookmakers are only available in certain states.
Legal or illegal?
Based on the Indian Constitution, all gambling activities should be regulated at the state level. This means that every state in the country can decide whether online gambling should be considered legal and regulated. Along with this, they can also have their own regulations that locals and gambling operators must follow.
However, there is still the Public Gaming Act of 1887 which is considered until today. According to this, the operations of Indian casinos, assistance and visitation of gambling venues can be considered illegal. What is murky about this is that the law states the following:
“Nothing in this law applies to a game of skill, as opposed to a game of chance or a combined game of chance and skill, unless it is played in a gambling house. common. “
Thus, games of chance are those which are considered illegal while games of skill are not. This is what puts online gambling, in general, in the gray area. Most forms of gambling activities are no longer just games of chance. Popular Indian real money online games like Teen Patti and Andar Bahar are also played with a number of skills.
The law also has nothing specific to say about online casinos as it is already obsolete. What many do is they just go online to play real money games or bet on sport. Generally, offshore online casinos are allowed to offer their services in most parts of the country as long as they have Indian Rupees as part of the payment options. So far, only the states of Telangana and Andhra Pradesh have banned all online gambling activity in their territory.
Why should it be regulated?
A simple and straightforward answer to this question is that online gambling is increasingly important in the country. With that, there is a lot to consider, including the potential tax revenue the country is missing and, of course, the risks involved.
A growing gambling market also comes with risks and it’s no secret. Gambling will always pose risks and that is why the government must take care of its citizens. The only way to do this is to have strict regulations in place.
Take for example the UK which has one of the largest online gambling markets in the world. The UK allows most forms of gambling – online or not. The government has regulated the industry to ensure that it will always be able to thrive without causing great harm to the local population.
A governing body has been appointed to see through the UK gambling activities and it’s called the UK Gambling Commission. This committee is responsible for enforcing regulations and ensuring that gaming companies comply with them. They ensure that the existence of the local gaming industry does not cause too much harm. They do this by protecting minors and reducing the risk for consumers of drowning in debt.
If India finally decides to regulate online gambling in the country, a committee will need to be formed to ensure that the industry is also regulated. Well India can just ignore all of this and leave it as it is, but it’s a shame to miss out on the economic benefits of regulating the industry. It could bring in millions if not billions in tax revenue and it could also create jobs for Indians.
Many hope that online gambling will eventually no longer be in the gray zone in terms of legislation in the country. However, with all that is going on, the industry may still not be regulated anytime soon.