Karnataka has taken a decisive step towards curbing the rampant growth of online betting within its borders. The state's new law, which came into effect in February 2023, prohibits all forms of online gambling and betting, including sports betting, casino games, and lottery.
This ban is in response to growing concerns about the negative impact of online betting on the state's economy and social fabric. According to a study by the Indian Council for Research on International Economic Relations (ICRIER), the total revenue generated by online betting in India in 2021 was estimated at ₹29,000 crores. However, these revenues come at a significant cost to the state, as online betting companies often evade taxes and operate without proper regulations.
Year | Revenue (in crores) |
---|---|
2019 | ₹19,000 |
2020 | ₹23,000 |
2021 | ₹29,000 |
Estimated Revenue Loss | Impact on State Economy |
---|---|
₹2,000 crores | Reduced tax revenues, loss of employment |
₹1,000 crores | Increased social welfare spending |
₹500 crores | Negative impact on tourism |
Karnataka's online betting ban has been met with mixed reactions. Some industry experts argue that it will drive online betting underground and create a flourishing black market. However, the state government maintains that the ban is necessary to protect the public from the harmful effects of online betting.
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