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The Supreme Court tasked the Law Commission of India (LCI) to investigate sports betting and recommend whether it would be http://casinobingopvb.apeaceweb.net in the best interests of the nation to legalize sports betting. The LCI came out with a 145 page report that not only recommended the legalization of sports betting but also online gambling which is a big boost for online poker enthusiasts. Having discussed the pros and cons of legalising regulated gambling and betting activities, it would be apt to say that the arguments in favour of the same far outweigh the arguments alluding to the immorality of these activities The LCI report listed a number of benefits that would come from the legalization of the online gambling and http://jackpotskqm.pacificpeonies.com sports betting http://vegasonlinehhs.wickforce.com industry in the country. Some of these benefits include: New Market Creation: The demand for sports betting in India will sky-rocket once the government makes it legal. It will bring in a flurry of sports betting websites from both domestic and international operators and create a new industry in the state. Sports betting will definitely be a bigger market than the online gambling industry which is expected to grow at a slower rate. Boost In State Revenue: One of the main benefits of legalizing the online gambling and sports betting industry is that it will generate a significant amount of cash in the form of gross gaming taxes. State governments will greatly benefit from a new revenue stream that will help them with their fiscal budgets. The additional revenue can be poured back into the development of public services in each state.
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