2. Presented by
Aditi Alankar Atul Deepak Gurinder
Jayati
Sharma – Das – Nirala – Bajaj - Singh -
Roy - 214
184 190 196 202 208
3. Origin of gambling
Gambling part of our ethos since ancient times
During the Mahabharata period, there is reference to
Pandavas playing game of dice with Kauravas
Similarly during Diwali, Indians in many parts of country
indulge in some sort of 'gambling' activities
Currently, gambling through lottery tickets and horseracing
legal in India
4. What is gambling ?
It’s certainly true, that uncontrolled gambling or
'addiction' of gambling is really bad habit
But it depends on individuals and how one
'gambles'
Betting /gambling means 'making or accepting of
bet on the outcome of a race, competition or
other event or process; the likelihood of anything
occurring or not occurring
5. continued….
As per definition, gambling is a 'chance' activity
with monetary value attached(money or money
worth)
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
Stakes can also be placed on activities like a war, a
movie, the elections, TV shows, celebrities, etc
6. Gambling is everywhere
Worldwide, gambling is important source of economic activity & also
of employment.
People in countries such as United Kingdom, Italy, etc indulge in the
gambling activity for fun, pleasure and relaxation
In terms of output and employment, in UK gambling industry
contributes significantly
Economic impact of betting industry, in terms of direct and indirect influence, is to
the tune of 6 billion pounds ($9.3 billion) & it also supports over 100,000 jobs in
British economy
7. Countries where gambling is
legalised…….
• United States
• United Kingdom
• China
• Singapore
• Thailand
• Nepal
• And Goa in India
8. Why legalise gambling ?
In India, gambling-related activities could be marketed as 'pleasure'
or 'fun' part of tourist activities
Singapore and Thailand compared to India are able to attract more
international tourists
Some hotels in a few, selected important tourist centres in India -
like Agra, Jaipur, or Delhi, etc - should be allowed to operate casinos
This can help attract more foreign tourists and valuable foreign
exchange
9. How ?
Gambling laws in India are outdated & unclear
India needs set up national level gambling regulatory authority on
lines of UK gambling commission to regulate gambling market
The growth of gambling industry can have positive, multiplier
effect on other sectors - such as making casino games, software
testing, real estate, advertising, banking and
finance, hotels, cruises, pubs, etc
10. Benefits of legalisation of gambling
If gambling is legalised in a controlled manner in India, crores
of rupees in black money involved in illegal gambling activity
currently could be made available to the legal economy
The Indian economy is already losing this precious revenue
whether betting is legalised or not
There is no doubt that potential of gambling industry in India is
very huge
India with her young population, robust economy & an almost
superpower status in IT provides positive factors for growth of
gambling industry
11. continued.......
It’s upto policy makers & Indian government to provide right legal
framework & appropriate policies to tap huge potential of gambling
industry in India
Gambling in India is quite rampant, be it related to elections or
sports, even though it’s considered a social evil by most
Without a strong regulatory structure to oversee this illegal
activity, government loses huge amount of revenue that could be put
to better use - like building schools, hospitals, infrastructure, etc
Perhaps, it’s time we shed our reticence on the issue
