Online Gambling and Its Effect on the Gaming Industry in India

Online gambling means the usage of web to put bets on any game and make money from it. It is like playing in an online casino but the major difference is that here it is held in a remote virtual environment. This includes playing of online game, sports, casino, etc. Users may place bets via online payment methods like credit, debit card, e-banking, or online banking. The stakes for each game are variable and vary with each gambling website.

One of the most interesting things about online gambling is the absence of the regulation requirement. There are no restrictions on the type of software, services, and the interface that the website offers to its users. Hence this makes it prone to fraudulent activities and online gaming frauds. Most of the state governments have formulated legal acts and guidelines to ensure the safety and prevention of online gaming but these are not applied in all the cases.

The rise of online gambling in India has been alarming the government, both at national as well as state level. The players are mostly Punjabi, and they form a major chunk of the players in various online betting websites in India. Many have termed online gaming as a parallel industry to the real world gambling business in the United States, but this is far from the truth. The laws that are framed by state governments protect the interest of players as well as the government at national level. Hence, all that the government needs to do is pass appropriate legislations that would allow the closure of any fraudulent online gambling websites.