The idea of legalized gambling in India has been floating for some time, but officials are now reportedly “serious” in their attempt to examine whether sports betting and casino gambling can be legalized in the country.
India’s top law panel, the Law Commission of India, is reviewing the possibility of making sports betting and gambling in casinos legal, according to the Hindustan Times. Insiders told the Indian news outlet that the panel has yet to make up its mind, but a draft gambling bill is “under serious consideration.”
The motivation, of course, is financial as India’s gambling industry—currently worth an estimated INR300,000 crore (USD45.01 billion)—is expected to “bring in thousands of crores in revenue.”
This isn’t the first time that the law panel has discussed the feasibility of legalizing gambling in the country.