Friday, March 26, 2021

Indiarace Online Betting

In India, betting is strictly forbidden, with the exception of horse racing and lotteries. In the case of Dr. KR Lakshmanan v. State of Tamil Nadu (AIR 1996 SC 1153), the Supreme Court declared that horse racing is not solely based on luck, but also on talent. Several states have passed legislation allowing regulated bookies to operate. Betting is currently low-key with the implementation of the GST regime, as it is heavily taxed by the Indian government. As a result, the sport has seen a significant drop in revenue.