Should casinos be legalized

Submit Gambling is an industryand like any other industry, there is no reason for it to be banned altogether. The argument that it is addictive and can ruin people's lives can also be said for so many other industries that are legal that it's a ridiculous point to make. Yes people lose money in gambling, but don't people also lose money anytime they buy something. One could make the argument that you don't receive anything tangible in gambling and instead are just putting your money on the line

Should casinos be legalized

Legalising it would help curtail an important source of black money and bring in revenue Gambling is ubiquitous in Indian society: Although gambling and betting is a State subject, the primary law on which States have framed their gambling legislation is an archaic, British-era law called the Public Gambling Act, Ironically, while India follows a British-era prohibitionist statute, the U.

The reasons to look at legalising and regulating gambling are manifold. First, gambling is already happening in a massive way. Law enforcement authorities are not able to stop it. Gambling and betting is mostly done surreptitiously, and is said to be controlled by underworld syndicates who use the unaccounted money earned from gambling activities for nefarious activities like terror financing.

Legalising the activity will not only help curtail an important source of black money that is used by criminal syndicates, but also bring massive revenue to the state exchequer, which can be used for various constructive social schemes.

Even a conservative estimate suggests that the government could earn tens of thousands of crores as tax revenue by legalising sports betting.

Should casinos be legalized

Additionally, if online gambling and casinos are also permitted, the estimated tax revenue would be much higher. In addition to revenue generation, a legal and regulated gambling sector will also help in creating large-scale employment opportunities.

Globally, wherever gambling is regulated, it has created a massive avenue for employment generation. For instance, the regulated gambling industry in the U. Unfounded concerns Naysayers say that gambling is not morally correct in the Indian context.

They suggest that it is responsible for addiction, loss of livelihoods and bankruptcy. These concerns are unfounded. Gambling has been prevalent in society since ancient times and has been accepted as a form of recreation on various social occasions. As regards the concerns about betting and gambling leading to addiction and bankruptcy, it must be noted that even though gambling is largely illegal, it is still rampant and unchecked.

There are numerous instances of people losing their livelihoods and committing suicide due to unchecked gambling even today, with authorities turning a blind eye to the problem.

A robust regulatory framework governing the gaming sector will ensure that people do not fall prey to the excesses of gambling.

Should gambling be legalized? Supreme Court strikes ban on sports gambling
What is the guarantee that legalising betting will generate revenue as projected? Industry What are the benefits of criminalizing gambling?
Should gambling be legalized and taxed? | The debate continues to rage over whether or not gambling should be a legal way for adults to entertain themselves. Gambling can take many forms, ranging from traditional and online casino play and poker tournaments to playing bingo and betting on the ponies.
Should gambling be legalized? Should gambling be legalized?

Jaydev Mody is the non-executive chairman of Delta Corp Limited, a gaming company that is publicly listed in India What is the guarantee that legalising betting will generate revenue as projected?

Inwhile examining the Lodha Committee recommendations on legalising betting in sport, the Supreme Court wanted the Law Commission to examine whether betting on cricket should be legalised and a law framed to enable that.

The Law Commission is yet to make its final recommendations. Chauhan, has gone on record saying that he is in favour of a law to regulate such activities.

There is overwhelming support for the idea on the ground that having failed to control illegal betting, which happens on a large scale and also deprives the state of a huge revenue-earning opportunity, the only recourse left is to legalise, regulate and tax the resultant income.

It is also argued that this would help control large illegal syndicates, which often operate from outside the country. Ground reality These are fallacious arguments and perhaps put forth without keeping ground realities in mind.Should online casinos be legalized is a personal question that will generate many different responses.

Put the word "HOW" in front of that question and let the debate begin. Views. May 14,  · The Supreme Court cleared the way on Monday for states to legalize sports betting, striking down a federal law that had prohibited most states from authorizing sports betting.

Gambling should be legalized in the state of Florida. The lawmakers, who have decided that it is evil for you and me to gamble, have justified it as a means to scam billions from citizens in order to compensate for their mismanagement of tax money. Should gambling be legalized?

Gambling cannot be legalized because: Legalizing gambling can affect young children a lot. Since it can get a person a lot of money in . Gambling Should Be Regulated. There is currently no regulatory body for legal USA gambling many players are still going to play online poker, sports betting,or casinos, then there needs be a regulatory body.

The Law Commission of India’s endeavour to study the issue of whether or not gambling and betting should be legalised in the country is therefore a timely initiative to start the process of a.

Should gambling be legalised? - The Hindu