High taxes pushing people to illegal online gambling as it looks at 30% growth: CSK study ...Middle East

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High taxes pushing people to illegal online gambling as it looks at 30% growth: CSK study
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The illegal betting market in India receives an estimated $100 billion annually in deposits, despite regulations by the government. The illegal betting market grew by 7% CAGR from 2012 to 2018, and is set to grow by 30% this year read more High taxes and inadequate legal frameworks are pushing people towards illegal online gambling, which is projected to grow by 30 per cent in the coming years, according to a new study by the Centre for Knowledge Sovereignty (CKS), a Delhi-based policy think tank. Despite regulatory restrictions, the illegal betting market in India receives an estimated $100 billion annually in deposits. Independent statistics cited by CKS indicate that this market gre

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