Sometimes the murky middle ground is all it takes to turn a business completely underground. Consider the example of India’s growing online gaming and entertainment industry.
Online gambling and entertainment in India are still legal even though their real-world counterparts are either frowned upon or illegalized by law (unless you are in Sikkim, Goa, or Daman, where the roulette never stops rotating and the cash registers never stop ringing!). This is because the internet and related things were not around when the Public Gambling Act of 1867 was enacted. Read the date! Ten years after, the first fight for independence in India began in 1857!
Present-day India has a lot going for it, including the presence of sites that make online gaming and entertainment a promising industry. However, there are several reasons for this:
Table of Contents
- 1 Poor decision-makers who gamble too much!
- 2 Risk-takers!
- 3 Higher disposable incomes
- 4 With the available time!
- 5 The perks of participating in virtual pursuits in their entirety!
Poor decision-makers who gamble too much!
Our sacred texts and mythologies feature stories of royals and commoners who lost everything to gambling. Although the latter isn’t recommended, it doesn’t change the reality that India has historically had sufficient financial means to indulge in the harmless diversion of gambling.
There has always been a preponderance of risk-takers among Indians (a trend that the British attempted to curb with the statute discussed above). This can be done on purpose, but it’s usually just a result of recklessness or ego.
Higher disposable incomes
Since India embarked on the road to liberalization, per capita, incomes have only gone up, often by large amounts. Because of this, the prevalence of gambling has increased across India. This has been bolstered by the introduction of numerous online casinos and entertainment platforms in India, and it shows no signs of abating.
With the available time!
People were forced to stay indoors for an estimated 6-9 months because of the lockdown brought on by the Covid-19 pandemic. After a certain point, the only thing keeping individuals sane was online gambling and entertainment.
Because of this, most people can keep their faculties intact and focus on anything other than their despair or the unpleasant aspects of their lives. The improvement in the economy would free up more time for people to explore new forms of leisure. Because of the apparent risks associated with in-person gambling, playing at online casinos may be the best and healthiest option.
The perks of participating in virtual pursuits in their entirety!
If you can meet a life mate online, why not also find a way to relax and make money? There are gambling benefits online, such as:
Regarding gambling, India has a highly unfavorable impression. People think it’s a vice only the “lowly” or “high-and-mighty” should partake in. Because it can be accessed from any device at any time, online gambling provides an extra layer of discretion.
Adherence to professional standards and ethics!
Professionalism is a hallmark of online gambling and related forms of entertainment; unlike in open games, when players stand to lose everything, the rules are predetermined, and players can wager against established margins.
Updated and newer games are now available!
In the virtual universe, nothing is limited by the laws of physics. Regarding online gambling, new games can be added almost minute-to-minutely. Most websites like betshah already take care of potential technical or security issues. They mostly use cutting-edge encryption technology to safeguard user’s personal information, game results, and financial transactions.
At any time, in any place!
Except for Goa, Sikkim, and Daman, India has no casinos or other forms of gambling. Your options, in the Indian context, are to either travel outside of the country or to move to one of these states. Time must be spent preparing for the journey in any case. It’s not feasible at all for people with limited availability time. Conversely, online gambling allows players to pick their schedules and enjoy their favorite games whenever they like.
You can pay with Indian Rupees!
Most of the above-mentioned gambling sites accept Indian Rupee deposits and withdrawals, despite being based outside India. If you want to gamble and pay in Indian Rupees, that’s fine with us. In terms of INRs, you come out ahead as well.
It is a statistical certainty that 80% of Indians gamble annually, spending a minimum of Rs. 20,000 on their pastime. This is especially prevalent during times of the year and celebrations like Diwali when it is seen as good luck to bet.
Legalizing internet gambling on sports events like the IPL has helped to make these games the most widely attended. By 2024, online gambling in India is expected to generate INR 300 billion, which is five times higher than its 2019 estimate of INR 60 billion, according to the same sources.
Instituting regulations may have a double-edged effect on the economy. It would bring in massive tax revenue for the federal government and end sleazy side shows that tarnish the entertainment business’s reputation.
Given that India is home to a substantial software engineering workforce, any positive legislative developments could create numerous in-demand jobs in fields like programming, user interface design, and game design.