All over the world acts like gambling and online betting aremost common. In India, people bet their money on a huge number of events thatinclude sports, animal fights on the street, playing cards, cockfights, etc.Over a period of them, online betting on sports and other similar trends havealso started to emerge in the country. People stay excited to bet on nationalsports. Since betting is not legal in India people are wanting the governmentto make a regulatory framework in which they legalize gambling in India aswell.
Legalizing online gambling pros and cons. Apr 9, 2013 3:01 AM Robert Turner. Putting a 24-hour casino in every home comes with great responsibility. Ensuring a safe, responsible gambling. WITH the Maharashtra government seriously considering legalising betting as far as cricket goes, policemen and bookies in Pune are busy sizing up the.
Let us go through some pros and cons of legalized gamblingso that people can have a clear picture of some facts.
Pros And Cons Of Legalising Gambling In India Today
Advantages of legalized gambling in India
Terror Financing andcurbing black money – There are several reasons to legalize gambling andregulate it all over the country. Gambling is already operating at a huge scaleand is spread out among masses. In Spite of introducing several legal measuresand covert actions, legal enforcement authorities are not able to curb it. Bettingand other similar activities are done secretly and the actions are handledprivately. The money earned from such activities is generally used fornefarious activities and such activities can include terror financing as well.Legalizing the activity will effectively help to stop the flow of funds toterror agencies.
Huge revenues –The size of the gambling market in India varies according to the presence ofvarious government and private agencies. It is a rough estimate that if thegovernment legalized sports betting in India then it can earn a huge amount ofabout tens of thousands of crores. Check out some best online betting sites inIndia on https://betninjas.com/in/and bet safely online. The government can think of legalising gambling instrong restrictive ways so that it can earn huge tax revenue. Both the centraland state government will be profited by this. The money can be used for thehealth industry and other construction projects to develop the nation.
Disadvantages of legalized gambling in India
Spoils the integrity– The core component of any activity is integrity, but in games and sportsit is crucial to its success. Integrity serves as the basis of fun andenjoyment for its spectators and other participants. After legalising gamblingprocedures there are high chances that integrity and honesty will be underthreat. Some events such as spot-fixing and match-fixing will decreasedrastically.
Affects Common Man – Ifbetting is legalized then the middle class of the country will be affected.Betting attracts common men to try their luck and they are tempted to play withtheir money. It is very tough if you even think of a common man who loses hishard-earned money on betting. Hence, to save the common men from falling intosuch traps it is better to not legalize such events.
Pros And Cons Of Legalising Gambling In India Government
Pros And Cons Of Legalising Gambling In India Currency
There are pros and cons of legalizing online betting inIndia. Though the consequences should be weighed properly before making a finaldecision. Disadvantages should not have impacts greater than the advantages.