Should Online Casinos Be Legal in India?
People are extremely fond of gambling. Historic events that are dating back to humanity’s early ages have proof of this activity, meaning that it has always been a part of our lives. Today, the gambling industry is one of the most profitable in the world. Their global annual revenue exceeds $400 billion and there are millions of people that are enjoying the casino games daily. The best way to experience gambling was to go to a certain casino and see what they have to offer. But, in the last few years, a new way of playing casino games popularized and it’s becoming the leader in the industry. Online casinos are adored by many players around the world because they offer tremendous rewards, their sites are completely safe, have better payout percentages than land-based casinos, etc.
India is one of the most sought out markets when it comes to online gambling, but this activity is considered illegal in most parts of the country. We wanted to dig a bit deeper and explain all the benefits from online casinos, but also share some of the cons. Let’s start with the basics first.
What Are Online Casinos
As the name itself suggests, online casinos are websites where people can enjoy some of their favourite casino games. Every online casino has thousands of games in its vault and registered players can choose whichever game they like to play. The reason why their popularity is increasing with great speed is that the featured games are exciting to play and have great graphics, they are easily reachable at any time and place, offer better payout percentages than land-based casinos, and most importantly – they have tons of rewards for each player. The most popular games at online casinos are the slots, or also known as jackpot games.
How do Jackpot Games Work?
Since they are the most popular online casino games globally, you must wonder – how do jackpot games work? And the answer is very simple – you just press a button and wait for the winning combination to appear on the screen. There are two reasons as to why jackpot games (or slots) are so popular. First, they are very simple to play. Secondly, the cost to play them is usually less than a dollar, but if you end up winning, you can earn as much as a million dollars, depending on the jackpot. The theory is always good, but you must try them yourself to find a practical answer.
Biggest Gains from Online Casinos
Online casinos are massive contributors when it comes to paying taxes and employing thousands of people. That is why they are considered a major positive factor in the local, state, and global economy. All of the information is in digital form, which means that it cannot be misused.
People from India also love gambling, even though it’s illegal. Millions of players go online to play their favourite games, but they have to visit offshore sites. That means that even though there’s a huge turnover in the money, none of it goes back to India. By making online gambling legal, these funds can be used for numerous good causes.
As far as for the players, they will enjoy these games in peace and will have the chance to compete for millions of dollars at a safe and secure site.
The Cons
The only con that we can think of when playing online casino games is that it may be easier for people who are prone to gambling to become addicts. After all, these sites are far more reachable than land-based casinos. But, online casinos have special programs for these types of people, which makes this issue small.
Slippery slope.