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online casino marketing company in mumbai Fun, games and money: Legalising online sports betting can make India richer by Rs 19,000 cr - The Economic Times Cookies on the Economic Times website Economic Times has updated its Privacy and Cookie policy.
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You can also see our Fun, games and money: Legalising online sports betting can make India richer by Rs 19,000 cr FICCI estimates that around Rs 3 lakh crore changes hands every year - through bookies, websites or tech-enabled channels.
Getty Images The moral history of gambling is littered with cases of addiction, resulting in personal and familial ruin.
Gambling, in India, goes back a long way.
In its 2018 report on the subject, the Law Commission of India LCI recommended that sports-related be legalized, citing ancient civic texts like the Manusmriti to demonstrate its here in medieval India.
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The online gaming market, however, has witnessed exponential growth over continue reading past few years, with revenue touching Rs.
But betting on sporting events, though click by officials, is thriving.
FICCI reckons that the government is inadvertently forfeiting windfall gains to the tune of Rs 19,000 crore in tax revenue every year by rendering sports betting illegal.
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The Bill seeks to maintain a centralized ledger of all transactions made on online betting platforms — a move that would free up government manpower, given that law enforcement agencies spend approximately 30 per cent of their time on cases pertaining to gambling.
Baichung Bhutia, nicknamed the Sikkimese Sniper for his exploits on the football field, also espoused the view online casino marketing company in mumbai betting ought to be legalized, given the success of the industry in his home online casino marketing company in mumbai />With online facility, even Children can participate in Gambling.


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