Will India regulate online gambling?
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There is a huge increase in the number of people playing casino games from home or on a smartphone in India. The gambling laws in Indian states are confusing and need updating. In Nagaland, the laws outlaw every game that is one of chance, but allows games of skill. Sikkim legalized online gambling in 2010, and three companies applied for licenses, none of them launched.
India is losing over $140 million each year to offshore casinos. There are 560 million internet users in India. Legalising online gambling in the country would benefit residents, local governments, and the education system. It would also create more jobs within the iGaming and e-commerce sectors. It could boost the economy and result in many start-up companies.
There are many conversations about legalising online skill gaming in India. The market is already valued at over $88 million and is expected to increase by 40% or more in the next year. There is a need for a central law that would regulate online games and provide operators with licenses. Unfortunately, the Central Government does not support online gambling.
There are no central laws to regulate online gambling in India, but some states are moving forward with their own laws and legislations. High Court of Madras understands the need for regulations that govern online games and is looking to start working in passing laws that would provide a regulatory framework. Government officials are still against online betting and believe it is bad for Indian youth.
