However it can certainly deter such people i.
Comparison with other jurisdictions Australia The Commission noted that the federal and state Governments in Australia are heavily involved in every aspect of gambling, with the federal Government responsible for enacting national laws and the state and territory Governments overseeing most of the practical aspects of gambling.
If government wants to make revenue from gambling then they can make a few centers for gambling in tourist places.
In fact the illegal betting market is putting them more at risk as they are being exposed to the criminals in the society. Gambling is legal all over world and regulated. It depends on person to person A person can gamble for everything he have and loose everything.
Barring vulnerable sections of society from being allowed to gamble, including those aged below 18 years, those below the poverty line and receiving social welfare benefits such as subsidies to Jan Dhan Accounts.
Considering such cases government should not legalize the gambling in any way. But what about the social consequences of gambling?
It depends on individuals and how gamblers 'gambles'. Why it is legalized?
Although online sports betting, horse-racing and greyhound racing are permitted, operators have to obtain a licence. It includes sports betting, lottery, Bingo, casino, poker, horseracing and other games that might end up making or losing money for those who play it.
At the same time, the Commission has clearly advocated allowing Foreign Direct Investment in any legalised gambling industry in India. In a democratic country like ours, it is now time to legalize forms of gambling including betting.
Betting will kill the spirit of sports and sportsmanship. It is another game with linked economic benefits.
It can be evident from this example- Kerala State Lotteries, which has recorded profits of Rs. Against There are numbers of examples already present in India where people have lost their mind and gambled their all savings and did suicide. Any transactions should also be cashless so that the authorities can monitor any transaction made.
If India regulates the same then it could potentially help in funding in sports development, social protection or welfare schemes and infrastructure development plans. Minors and other vulnerable people will also be protected from the risk imposed by an unregulated market.
It is certainly true, to some extent, that uncontrolled gambling or 'addiction' of gambling is a really bad habit. Do they not have a free will to decide what is good and what is bad.
It will suck out the liquidity from the unregulated market and chances of fixing will reduce drastically. In terms of output and employment, in United Kingdom Britain gambling industry contributes in a big way to economy.
In Indian society, there is deep-rooted belief that 'gambling' is 'bad' and 'a social evil'. There is a chance that whole nation will become gambler.