Gambling Law in India-A NIght At The Casino
Gambling laws in India The Public Gambling Act 1867 is the Gambling Law in India and is adopted for governing gambling in the country post adoption of the constitution in India. Entry 34 of the State List (i.e., List II of the Seventh Schedule) enlists Betting and gambling. The state legislature has the power to create its own laws pertaining to betting and gambling. Under Entry 62 of the State List, the state legislature has the attorney to make taxation laws on betting and gambling. The gaming industry which comprises of regulated and unregulated gaming, is estimated at around US$60 billion. The gaming industry of India can broadly be classified into the following: Lotteries · Horse racing · Prize competitions · Sports betting · Games of skill · Games of chance Regardless of the mounting popularity and the revenue generated by gambling and betting in India, the Indian laws and the Courts in India have been averse