All over the world acts like gambling and online betting are most common. In India, people bet their money on a huge number of events that include sports, animal fights on the street, playing cards, cockfights, etc. Over a period of them, online betting on sports and other similar trends have also started to emerge in the country. People stay excited to bet on national sports. Since betting is not legal in India people are wanting the government to make a regulatory framework in which they legalize gambling in India as well.
Let us go through some pros and cons of legalized gambling so that people can have a clear picture of some facts.
Advantages of legalized gambling in India
Terror Financing and curbing black money – There are several reasons to legalize gambling and regulate it all over the country. Gambling is already operating at a huge scale and is spread out among masses. In Spite of introducing several legal measures and covert actions, legal enforcement authorities are not able to curb it. Betting and other similar activities are done secretly and the actions are handled privately. The money earned from such activities is generally used for nefarious activities and such activities can include terror financing as well. Legalizing the activity will effectively help to stop the flow of funds to terror agencies.
Huge revenues – The size of the gambling market in India varies according to the presence of various government and private agencies. It is a rough estimate that if the government legalized sports betting in India then it can earn a huge amount of about tens of thousands of crores. Check out some best online betting sites in India on https://betninjas.com/in/ and bet safely online. The government can think of legalising gambling in strong restrictive ways so that it can earn huge tax revenue. Both the central and state government will be profited by this. The money can be used for the health 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 sports it is crucial to its success. Integrity serves as the basis of fun and enjoyment for its spectators and other participants. After legalising gambling procedures there are high chances that integrity and honesty will be under threat. Some events such as spot-fixing and match-fixing will decrease drastically.
Affects Common Man – If betting 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 with their money. It is very tough if you even think of a common man who loses his hard-earned money on betting. Hence, to save the common men from falling into such traps it is better to not legalize such events.
There are pros and cons of legalizing online betting in India. Though the consequences should be weighed properly before making a final decision. Disadvantages should not have impacts greater than the advantages.
