Cricket-Playing Countries with Legal Cricket Betting
The Justice Lodha Committee’s suggestion for the legalisation of cricket betting in India has elicited a mixed reaction from Indian people. In the one hand, despite the negative media reaction, there are a range of game stakeholders and legal professionals who favour the adoption of this recommendation.
Despite the fact that there are a number of offshore casinos in Goa and a number of online casinos where making a bet is a lot simpler, betting remains an illegal practise in India. In the other hand, it is a multibillion-dollar market that has grown exponentially in recent years. In addition, by regulating the sport, a number of countries have been able to put a stop to illicit betting organisations.
Cricket betting is legal in the following five counties.
Australia
Guess who does gambling the most? The Australians, of course! The nation has the largest number of adults who engage in one or more forms of gambling, at over 80%. Gambling brought in a whopping 3.8 billion dollars to the nation in 1998, when the market was only in its infancy. It appears that the United States is interested in generating income from the regulation of sports betting. Surprisingly, the NBA has also asked benefit sharing!
Cricket Australia keeps a close eye on all cricket betting in Australia (CA). In addition, the sector is governed by a host of regional rules. Surprisingly, casino winnings are not subject to taxation. The operators, on the other hand, are the ones who bring in the money.
United Kingdom
The Gambling Act of 2005 regulates sports betting in the United Kingdom, and it applies to anyone who engages in the game. If we’re talking about cricket’s owners, the ECB (England and Wales Cricket Board) has outlined a series of rules in this respect.
South Africa
For several years, South Africa prohibited all forms of sports betting. However, with the passage of the National Gambling Act 7 of 2004, circumstances changed. The act describes gambling as “placing or agreeing a bet or wager,” and it regulates all gambling practises in the region.
In addition, there is a different collection of rules that control cricket betting. However, the debate persists as to whether sport can continue to exist without betting.
Sri Lanka
When compared to the cricket betting industries in South Africa, Australia, and the United Kingdom, Sri Lanka is also in its infancy. The bookmakers in this country primarily sell betting on IPL (Indian Premier League) games and matches involving their national team.
New Zealand
The Department of Internal Affairs is in charge of overseeing all gambling operations in New Zealand. New Zealand, unlike its rival Australia, has a very small sports betting industry. The Gambling Act of 2003 establishes the rules and regulations for gambling.
Are you considering relocating to one of these countries solely for the sake of gambling? Instead, you can consider online betting.