Government Likely to Make 300, 000 Crore Through Legalized Betting

By SiliconIndia   |   Wednesday, 29 May 2013, 13:05 Hrs
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Bangalore: The sports ministry in India wants a thorough clean-up of sports after the spot-fixing scandal in IPL.



The sports ministry said that legalizing betting in sports should be the first step that should be taken to avoid corruption.



It is reported that the committee which is still examining the draft that is prepared by the law ministry said that the whole document is very hazy and sports in India needs a more advanced version.



Legalizing betting in India will allow government to regulate a business worth 300,000 crore annually. In turn, legalizing betting would be the best way to check spot-fixing.



Even the FICCI said that the government could earn revenue up to 20, 000 crore which can be used for supporting school education for one year.



The ministry said that “The move would clean sports of corrupt practices and ensure transparency as well and the bill has been drafted keeping only cricket in mind”.



According to the sports committee officials, there is no clarity in the draft and they feel that it is not possible to implement it. And the officials went on to say that the draft is sent back to make some modifications.



The first working draft of the Prevention of Dishonesty in Sporting Events Bill stated that, a jail term of five years will be applicable to people who indulge in fraud and cheating through technology, verbal communication or even use of signs or other unfair practices.



The ministry has suggested some modifications to the law ministry so that the accused person does not get the advantage of doubt in courts.



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