Online casinos are categorized into two major categories - licensed and unlicensed casinos. The former is majorly opted by the players to secure their transactions and play in a safe environment. The state's law does not recognize the latter, and players must play in these casinos at their own risk. You may get better gaming options in unlicensed casinos, but they come with the fear of promoting gambling addiction, and responsible gambling may be a far-off word.
Let's dive deep into the world of licensed and unlicensed casinos.
Gambling in India is regulated by the Public Gambling Act of 1867. It is a state subject, so different states in the country have enacted laws to take care of the same. A few states completely ban casino games, and other states allow games like Poker, Rummy, and other games of skill. However, where you play the game makes a lot of difference. Well, every penny spent in a casino can or cannot be a penny earned sometimes.
So, choose the licensed or unlicensed casino only after evaluating the risks and checking the benefits below.
Top-notch gambling authorities license these casinos, like the Malta Gaming Board, Curacao Gaming Commission, UK Games Commission, and Gibraltar Games Authority. The Dutch Gaming Authority is an emerging gaming authority. They test the gambling authorities' legal, technical, and operational aspects.
Only those casinos are provided with the license that fulfills the conditions laid down by these Gambling Authorities. If you want to start casino gambling in India, taking permission from the state authorities is mandatory. Licensed casinos offer legal and regulated products to the players. Moreover, there are parameters to get the license, and casinos must pay the fee. To start gambling activities in India, you must be a licensed casino to avoid problems.
These types of casinos operate more in a free environment. It offers great opportunities to the players from across the globe. However, a few countries, including India, have some casino restrictions imposed. In this situation, the players log on to the free-will casino to enjoy the gameplay.
Encourages Responsible Gambling: These casinos will save you from the danger of addiction. You can be restricted from gambling activities whenever you want. Licensed casinos follow the responsible gambling attribute.
More Players: The licensed casinos in India will help attract more than unlicensed casinos. People want to play safe nowadays and want to stay away from the scams too. Your personal and financial details will be secured too.
Quick Resolving of Disputes: The best thing about playing at a licensed casino is resolving disputes quickly. The players can keep their plea in front of the authorities and resolve disputes regarding bonuses, wins, promotions, etc.
No Levying of Tax: The best part of playing at a licensed casino is that you do not have to pay taxes. You can play with the welcome bonus and earn good winnings, but you will never have to pay taxes. Only online casinos pay taxes to the relevant authorities to operate their casinos in India.
Agreeable Laws Make Gaming Process Fast: The agreed legalized laws for playing games in every state of India make the gameplay process easier. You can play rummy, poker, or any other games of skill without worrying about the state's laws. Legalized casinos allow gaming under strict legalization.
More Bonuses: You will get more bonuses if you play at unlicensed casinos. However, whether you get these bonuses in full is also not final.
Loyalty System: Players can receive loyalty and personal bonuses at unlicensed casinos. The wider choice of these casinos offers a larger selection of games too.
Few Casinos with SSL: Only a few unlicensed casinos by the Indian authorities seem to have used SSL and HTTPS. You can expect to have HTTPS or use the SSL protocol in not all these casinos.
Increased Exposure to Children: Legalizing gambling has led to early exposure to online casinos among children. You can see youngsters betting beyond the age of 18+ years, which is legally not correct.
Limited Bonus Package: The licensed casinos pay much of their tax revenue. So, you will always find a lesser amount in the bonus package and little to no jackpot bonuses.
Procurement of Licenses: The procurement of licenses may be late because of fulfilling all the requirements. Even the sub-licenses are audited, so it will make things late for the licensed casinos. It is also a major reason there are fewer licensed and more unlicensed casinos.
Closure of International Markets: Most international casinos are not allowed in Indian states for operation. You can provide Indian legit casino games or games of skill, but it depends on the state of the country whether to recognize you or not. This way, you can land in the lurch, too, if you plan to operate it illegally.
No Help From Authorities: Let's say you land in trouble regarding procuring your wins. As the Indian authorities do not recognize the casino, you will land in a soup. There will be no one to help you with your winnings. You cannot even retrieve your bets.
No Great Customer Support: The unlicensed casinos are dicey than the licensed ones. You may see the customer support number, but there will be no full-fledged support on the game, betting, or winning matters.
Each online gaming casino has its benefits and risks. If you are a gambler, risk is associated with you. However, it is your call to pick the right and legit thing over the wrong one. You can always read the expert comments to know more about the casino laws in India.
September 20, 2023
India's gambling industry is stated to be booming as before, during, and after the pandemic. People have moved towards online gaming for entertainment and, of course, to make money. A Deccan Herald report states the gaming industry is projected to reach $5 billion by 2025, and an annual growth rate of 28% to 30% will be witnessed. Despite this, as every industry pays taxes, the casino industry is bound to be among them.
Let's follow the detailed guide on how taxation policies impact casino growth.
September 19, 2023
Hiding your gambling income from the tax in-charge is difficult, as they are eager to grab them in a cramp. Does this happen in India? In a thoughtful approach toward developing the country's finance sector, the latest tax regime is being constructed to grab some pennies from the customer and their winnings.
A deliberate jump in the GST and TDS taxes from the previous slab has prompted many gamblers to withdraw from these gambling activities. But is it possible for Indian gamblers? No, as gambling is an addiction for them, distracting from gambling is a tedious task. They are looking for protective ways to lower the tax amount. Putting a nod on this statement, the industry believes that the sudden upscale in the GST revenue can lead to value destruction for the casino industry.
September 18, 2023
What is the common link between a gambler and a politician? A gambler never lies, and a politician never admits the truth. Instead of discussing the political landscape in India, chase the rapid growth of the Indian economy due to the emergence of the gambling industry. What is the current portfolio of the gambling industry? It is rising by confronting every obstacle and will have a boom fortune in the upcoming years. With a drastic upscale in its revenue, it has also boosted the income of the Indian government through online and offline gambling. What a surprise, India is now one of the dominating countries, and it is due to its robust financial strength. Are you ready to see your little contribution to uplifting your nation's economy?