Online gambling or internet gambling
which includes multiple forms like Poker, Casinos, and sports betting. The very
first online casino was developed in 1994. Many countries proscribed online
gambling but it is still legal in few cantons in Canada most countries of the
European Union and several countries in the Caribbean. The 1990s was the era
when online gambling reached on its peak. Internet gambling website expanded
from 15 websites in 1996 to 200 websites in 1997. The business of Judi Online Terpercaya has exceeded to
$830 million in 1998. The magnitude of the online gaming market in 2016 was
$45.86 billion and reached$56.05 billion by 2018 and still growing.
Ill effects Of Online Gambling
Money laundering: It is a criminal
activity, where mostly profit from any illicit way are converted into a legal
asset. When we are talking about online gambling there is no way to find out that
what is the true source of money deposited in the player’s account.
Problem Gambling: This word means the
inconvenience that is created in the life of player, sporadically they get so
much addicted to the gambling that they almost spend or bet all of their money
on gambling and this is not the end they even borrow money from friends and relatives,
and when they are unable to pay that money back it leads to suicide, depression
or isolation.
Computer Hacking: This could happen to
anything which is online or if the internet is engaged in it. But in online
gambling mostly your bank accounts are linked which can lead to the withdrawal
of money from your accounts, even on a daily basis.
Online Gambling and India
Online Gambling in India is partially
legal, where it is banned in the states of Maharashtra but is licit in places
like Sikkim, Goa, and Daman. In India, there are two stands on online gambling
one which criticizes the online gambling on the basis that it leads to crime,
corruption and money laundering. While the one who is in favour say that it can
be a huge source of revenue generation for the nation, gambling in Goa
contributes Rs. 135 Cr. In the state
revenue in 2013.
The Indian online gambling market is
estimated to be worth US$ 60 billion per year and the half of this illicitly
bet. The one who is backing online gambling put the point that the revenue
which is generated illegally is used to fund things like drugs or terrorism and
legalizing it would help to regulate the laws. Judi Online Terpercaya is a source of entertainment and using it
under several restrictions can benefit both the individual as well as the
state/ nation. Click here Judi Online Terpercaya
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