(Newswire.net — May 4, 2016) — Online gambling in India is becoming increasingly common. But what does the law say about online casinos in India?
We contacted renowned online casino, Indio Casino, to discuss some frequently asked questions and discover more about the future of online gambling in India.
Legal Online Gambling in India
Understanding the gambling laws in India can be a little tricky, considering that the Constitution of India explicitly gives states the right to legislate and make policies related to gambling and betting. At present, the only state that has completely outlawed online casino gambling is Maharashtra. If you live in another state, it’s highly likely that you’ll have legal options available.
With this said, if you live in India, you already know that the gambling culture is greatly unique, with individuals finding ways to bet on sport, play the classics like blackjack and even add their local flavour with games like Andar Bahar and Paplu.
When it comes to enjoying online casinos, it’s recommended that you make use of casinos that are licensed and regulated by international online gambling regulatory bodies. These licenses may not be held in India, but they are internationally recognised and respected, allowing you to deposit and win big, knowing that your money and information is safe.
How easy is it to make Online Casino Deposits and Withdrawals?
Due to some legal concerns with banking, traditional deposit and withdrawal methods for online casinos can often be quite tough in India. Indian residents who wish to play online casinos using real money will most likely have to make use of eWallet services, such as NETeller, in order to move funds back and forth.
Mobile devices for Online Casino Games?
Most definitely. India is projected to become the 3rd largest smartphone market by 2017, with affordable 3G handsets and unlimited mobile internet packages entering the market.
Most online casinos have free mobile software available, enabling you to carry an entire casino in your pocket.
Is play restricted to Real Money?
No. Experiencing the excitement of online casinos for free is a genuine option for Indian residents in all states, even Maharashtra. Besides the legal benefits of this free-play option, Indio Casino enjoys offering its games free as it allows players to test their skills, without having to take any risks or make any sort of commitment.
Are Online Casino Winnings Taxed?
Yes. As per Section 115BB of the Income Tax Act, the current rate of Income Tax on gambling or betting games is at about 30% of your gambling profit.
Age Requirements for Real Money Play
You must be at least 18 years of age in order to play for real money. Free-play fun mode players have no age limitations.