Positive And Negative Effects Of Online Gambling

Positive And Negative Effects Of Online Gambling

Online gambling can be just as addictive as drugs and alcohol. Any form of betting used using a computer or mobile device with an internet connection is online gambling. This includes virtual poker trusted online casino, casinos, and sports betting. Did you know that the first online gambling venue opened to the general public was ticketed for the Liechtenstein International Lottery in October 1994? 

Online Gambling in India:-

Gambling is a popular pastime for adults. Foreseeably, online gambling has also become popular. It is found that online gambling was the fastest growing online category. Today’s teens are living in a society where legalized gambling is not only socially acceptable; it is widely promoted and highly visible.

Laws On Online Gambling In India:-

1. As far as India is concerned, there is no clear regulatory framework that can be looked upon to decide the legality or illegality of online gambling.

2.There is no dedicated online gambling law in India. 

3. Gambling and betting are State subjects.
4. The Public Gambling Act, 1867, is the central enactment on the subject, adopted by certain states of India like Uttar Pradesh, Punjab, Madhya Pradesh, etc.
5. This Act prohibits all games of chance except lotteries and games of skill.
6. Every State has its legislation on online gambling.

Some Positive Effects Of Online Gambling:-

1. Gamble Anywhere and Anytime:-

Online Gambling is simple, fast, and easy! You can do it on your computer and mobile devices. You can gamble if you are going somewhere in the world, so long as you have an internet connection. You can gamble day or night without any anxiety.

2. Profit:–

Gamblers can earn thousands of rupees or even millions of rupees through online gambling. This is one of the main reasons for playing Gambling.

3. Bonuses and Rewards:-

There are some great bonuses available online. Most of them offer additional bonuses and rewards too, usually via some loyalty scheme. These bonuses and rewards are a huge advantage of gambling online, particularly for those that bet and play regularly. It is a lot like Russian Roulette, and the only difference is our money is on the line in place of our dear life. 

Some Negative Effects Of Online Gambling:-

1. Addiction and Crime:-

Online gambling can lead to addiction, which can lead to all sorts of problems. Not only can gambling addiction lead to divorce, but it can also lead to a life of crime. People can commit suicide or murder over a lost gambling game.

2. Computer Hacking:-

Hackers can be drawn to hacking into online gambling as huge amounts are being deposited and withdrawn from their accounts daily.

3. Lack Of Interaction:-

As gambling is about having fun and interacting with people; but the gambling industry offers privacy. People can only connect while playing specific casino games.

It is a fact that no clear regulation is in place for online gambling, which is giving a boost to the illegal and unnecessary online gambling market. We also know that the negative effect outweighs the positive factors.