Gambling In India
The Indian gambling market is estimated to be value US$60 billion per year, of which about half is illegally wager. According to the Indian National Newspaper, the chief government officer for the International Cricket Council stated he was in favour of legalising betting in sports. He believes the illegal funds profited are by way of underground bookies that used the money to fund terrorism and drugs. Several Indian establishments have advised that betting must be regulated and taxed.
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