India has a long-standing history of gambling, with evidence of games of chance dating back to the Indus Valley Civilization. Despite this, gambling is largely illegal in India, with only a few exceptions such as horse racing and lotteries. However, the rise of online betting has opened up new possibilities for the industry and the Indian government should consider legalizing it to boost the country’s economy and provide a safe and regulated platform for gamblers.
Legalizing online betting will have a significant impact on India’s economy by generating revenue and creating jobs. According to a report by KPMG, the Online Betting gaming industry in India is expected to reach INR 11,900 crore by 2023.