The area of ​​betting is very common in countries like India, where people tend to escape from the clutches of tax laws. When demonetisation was announced, the public found ways to launder their black money. So, if the betting business was legalized, it would give impetus to the stimulation of black money and marketing and would lead to a huge loss of money and assets. It increases the chances of greed and, consequently, economic disasters and burdens on the country. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Yes, legalizing it can lead to an increase in revenue for the country, but when it is said that Gujarat being the DRY state, liquor is still sold illegally and police continue to take bribes and accept black money. So even if the government tries hard, people will find a way out. Sports: An activity that has existed in India for centuries and several human feelings are attached to it. When we talk about "sport" we mean the passion of the sports player. When it comes to passion, it represents the honesty, integrity and talent of the sports player. Nowadays the term BETTING has become an epidemic across India. The spread of this leads to many problems and economic slowdown or advantage of many classes of society. Many people across the country are engaged in this profession and profit from it. But is it an advantage for the country? Or make the situation worse? Sports Betting There is a British law from 1867 called the Public Gambling Act which stated: "nothing in this Act shall apply to games of mere skill wherever played" and that is where amendments and variations to the law operate. . In 1998, the Central Lotteries (Regulation) Act allowed state governments to conduct lotteries, up to a maximum of one draw per week and states then enacted their own laws on their specific lotteries. Countries that support sports betting Countries like Argentina, Australia, Ghana, Mexico, Nigeria, South Africa, United Kingdom, United Arab Emirates, Singapore etc. they have legalized sports betting in many games. In the 2014 Gambling Outlook Report published by PricewaterhouseCoopers, the combined size of the betting market in Kenya, Nigeria and South Africa is estimated to be worth almost $37 billion by 2018. Many countries have made huge revenues through the legalization of sports betting which they added to the country's GDP. After the establishment of the Olympics and other International Games, betting is considered an economic activity in many developed and developing countries. The government imposes taxes on the money earned during betting activities which adds to the government treasury corpus and can be used for the development of their countries. But many countries like China, Hong Kong, Japan etc. where betting and gambling are legal to some extent, but more importantly, a high betting penalty is imposed for many games and is strictly prohibited. There are many ethical standards related to this activity. It has several advantages and several disadvantages.AdvantagesOn June 25, the Federation of Indian Chambers of Commerce and Industry or FICCI organized a seminar "Interactive Session on Regulation of Sports Betting in India: Challenges and Opportunities".1) Tax Benefits: The government can earn a handsome amount from taxes imposed on betting activities and fills the corpus. The money then collected may be subject to authenticity and consideration of legal aspects. 2) Job creation: this way more people will earn and in countries like India, where many people are engaged in this profession illegally, they can.