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The Indian State of Maharashtra is planning to legalise online betting. The proposal has been mooted over by the ruling party NCP and it wishes to follow the footprints of Sikkim.
The state is eyeing the legalisation of online betting to generate revenue for overcoming the COVID-induced financial crisis.
An NCP cabinet member stated that the online betting and gambling market is booming in India despite the fact that it is illegal. There is no way to completely stop these activities; therefore, it would be better if the State capitalises on this industry.
“If we impose GST on the transaction, we expect to mobilise at least Rs 2500 crore from the operators,” said the cabinet minister.
A high task committee was set up by the government which studied the idea of legalising gambling.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Maharashtra Government to Consider Legalisation of Online Betting
