According to an official survey held by the Law Commission of India, most interviewed residents are in favour of gaming legalisation rather than prohibition.
Based on official analysis, Indian legislators will be able to discuss possible regulation to control the gaming industry, including casino and sports betting. Currently, the country has limited the industry’s activities in all states, although a few companies are operating with partial permissions.
An example is the state of Goa, where the government approved the installation of six off-shore casinos. However, recently-elected officials could ban the activity this year. “Legalisation would give the government the opportunity to bring gambling out from the dark corners of society, impose controls and extract some revenue,” said an LCI spokesman.
“If betting were legal then a huge chunk of money that at the moment circulates only round the black market would quickly become available. It is further proposed that the development of a gambling industry in India requires a three-pronged strategy: reforming the existing gambling (lottery, horse racing) market and legalising the present illegal market. while introducing stringent and over-arching regulations.”
