A Complete Overview of Betting and Gambling in India
Introduction
There’s hardly any human being on earth who is not
tempted by money. However, in this competitive world, it is tough to earn a
handsome amount in a short time. So here comes the temptation to take a leap in
the dark. Gambling is a game where people risk valuable belongings or money to
win a lump sum of wealth.
Like
anywhere, it is practiced in India also. However, the Indian government has
implemented some laws to restrict gambling as it severely affects on
being played
excessively. As a result, people become addicted and become victims of gambling
disorders. Specific rehabilitation centers take care of the victim to ensure
help for problem gambling in India.
Indian Gambling
Gamblers in India have practiced it in different forms
for a long time. Some of them are horse racing, lottery, skill games, casino
gambling, online gambling, and sports betting. Based on the legal position in
India, gambling is divided into two categories;
• Game of chance
• Games involving skills
According to the Public Gambling Act of 1867, all
forms of gambling except the skill involving ones are illegal. Despite that,
gamblers find their way to perform such activities through various online apps
and sites. Indian gamblers are making money from poker, blackjack and even
sports betting to slots without making any buzz.
Online Casino
An online Casino is where Indian gamblers can even bet
on foreign sites without any legal hazards. However, not all sites are genuine,
and there are chances of losing the amount put on a bet. And as gambling is
illegal in India, one cannot take legal steps against these fraud sites.
Thus, one can visit a renowned online casino or
website to win money in India after adequately researching it. There are
websites and forums to review online casinos; one can check thoroughly and take
expert advice.
Gambling in the form of Lottery and Horse Racing
As a form of gambling, horse riding has been legal in
India since 1996. According to the supreme court of India, it requires skill to
bet on horses; thus, it is legal. However, the same court is reluctant to add
cricket betting to the list of the skilled game.
Another legal game in India is the lottery, which has
been legalised since 1998. However, there’s a minimal chance of making money
from the lottery as millions of people compete for it.
Why are only a Few Gambling Games Legalised?
Legal games can easily be taxed; for instance, when a
person wins the lottery, he/she has to pay a 30.9% of the prize money as TDS.
Similarly, online poker games where you get real money on winning charges tax
from your winning amount.
Though developed countries like the UK, Germany,
Spain, and others have legalised online casinos and betting sites, it is still
illegal in India. Nonetheless, Indian gamblers are eagerly waiting for the
government to make it legal, yet there is not much hope till now.
Conclusion
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