Cricket World – The recommendation of the Justice Lodha Committee for the legalization of cricket betting in India has received a rather mixed response from the nationals of the country.

Summary

  • The recommendation of the Justice Lodha Committee for the legalization of cricket betting in India has received a rather mixed response from the nationals of the country.
  • Also, there are a number of countries that have managed to check illegal betting associations by legalizing the activity.
  • In 1998, when the industry of gambling was in its nascent stages, gambling fetched the country a whooping revenue of 3.8 billion dollars.
  • In the United Kingdom, sports betting is regulated by the Gambling Act of 2005, applicable to anyone and everyone involved in the activity.
  • The act defines gambling as ‘placing or accepting a bet or wager’ and all gambling activities in the country are governed by this act.


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