It is fair to say that the current gambling laws in India are a little vague. Yes, people can bet, but only legally on specific events or in two states. However, there are many that get around these laws, to enjoy everything from sports betting to casino gaming.
There is certainly demand for gambling, and because it is partly allowed in the country. It seems as though India is currently missing out on the good that this would bring from a business point of view.
We would need to see huge reform across the whole of India for this to happen. Something that would more than likely take months of planning, so it won’t be happening in the near future. But should it be taken seriously. There is a big market of gamblers out there who would love to place bets and play casino games in an easier fashion. Many operators would love to market their services to Indians.
How Would Operator Licenses in India Work?
If India opened its doors to gambling then they can either accept any gambling license, or bring in one of their own. If they bring in one of their own, and force operators to get a license before being able to offer gambling to customers from the country then that would allow far more control.
This isn’t something that many countries would be able to demand from gambling companies right from the off. But the size of India, it’s huge sporting history and the popularity of casino games would all appeal to prospective operators.
With an operator license in place, only those who have been given the license can legally offer their services in India. We all want to play in the best online casino India has to offer. The way to do that is to have a strict license in place, that those in India can control.
Other casino licenses are good and ensure certain standards from operators, but they are not the strictest. They are also tailored to the general gambling industry, rather than the one that is in India. With their own license, those in control in India could stipulate specific rules around things like payment methods and checks completed. To give Indian players easier access, but also ensure the chances of money laundering are kept to a minimum.
The Benefit of Operator Licenses for Business
There would be a huge benefit to India in terms of business if this was to come into force in the country, and would no doubt give the Indian economy a big boost. First of all, casino and sports betting operators would have to pay for the license. Effectively paying to give themselves access to the Indian market.
This usually involves a first payment that includes a setup and joining fee, plus yearly payments to keep the license active. It is a lot for a country to ask for this from operators straight away. But we have seen how big the Indian gambling market is already. With easier access, it will only become bigger.
For this reason, it is likely that operators would take the plunge and pay the fee to join in with the Indian market.
The running of this operation would not only bring money into the country that could be used in an effective way, but it would also bring jobs. Licenses would be issued, checked, and updated by a group of officials. All based in India and the more growth we see from betting, the more jobs would be created to keep up with the demand.
Then we have the sponsorship side of things. Which will no doubt help sports teams in the country if they were to allow gambling advertising as part of the license. If a company is buying a license and moving into the Indian market, they are also likely to have an advertising budget for the country.
In many other countries, such as the UK, we see a wide range of football teams have gambling sponsors. Right from the Premier League down to the lower leagues. With cricket being the national sport of India, could we see franchises in the IPL receiving this? Have betting companies and casinos on their shirts as team sponsors?
Safer and Better Gambling Options for Players
The fact is that people already bet, but only in two states is it completely legal to do so. Those elsewhere, when wanting to do something that doesn’t involve horse racing or playing the lottery. They have to bend the rules in order to do so.
This opens up potential problems regarding player safety and limits the gambling options they have. A license for operators would completely take that away from the industry and provide excellent opportunities for those in the country that want to place bets and play casino games.
With so many people now doing this. There has to be a time when those controlling India realize that this is what many of the people want. If there was a small appetite for gambling, it probably wouldn’t be worth it. But with so many taking part, it is now time to look after them and give them what they want.
The gambling scene in India is not the clearest. But a move similar to this which brings in operator licenses could really shake it up for the better.