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Restrictions On The Growth Of The Satta Matka Market In India

Aug 17th 2015 at 7:17 PM

In comparison to the world gambling market, the gambling market in India is relatively small. This can be seen from the highest jackpot amount which is offered in India and compare it to the jackpot amount offered in other countries of the world. The amount offered in India looks like peanuts when compared to the hundreds of millions of dollars offered as jackpot money by the other European and American countries. In spite of its relatively small size, the satta matka market in India has been growing in leaps and bounds.

There are many reasons which are responsible for the low growth of the matka market in India as compared to other countries. Some of those reasons are discussed below:

Government Restrictions

One of the biggest and the primary reasons responsible for the restricted growth rate of the sattamatka market in India is the restrictions which are imposed by the government of this country on gambling. There are many rules and regulations which have been put in place for the running of a gambling business and in many parts of the countries, gambling continues to be an illegal activity. Since gambling does not enjoy a full fledged legal status, many people shy away from it and even those who are involved in it, do it on the sly. Till it receives full legal status from the government, its growth will stay restricted.

Social Taboos

Gambling in India is looked down upon it is believed to be the precursor of bad luck on the person involved in gambling and also for his family. The society also looks down upon the person who gambles. This attitude of the society towards the gambling community definitely acts as an impediment to its growth. Once all the social biases about the game get dispensed, gambling in India will grow by leaps and bounds.

Illegal Cartels

There are various syndicates which are operating in India in the gambling market. Not all of these syndicates are legal, in fact, there are many illegal cartels, which are also involved in the gambling world. This increases the risk involved in gambling in India and hence many people like to stay away from it. Although the incidence and influence of these illegal cartels on the gambling world is reducing, especially due to the government granting legal status to many lottery companies, still, India has a long way to go before all illegalities are removed from the gambling system. In the absence of these notorious elements, gambling in India will surely grow.

Although it may appear from the above discussion that gambling in India is very restricted in nature, but the truth is that, it is one of the biggest businesses in India. In spite of all of the above factors, there are crore of people who are involved in gambling every day. With the advent of online gambling the reach of this game has increased even more. More and more people are resorting to online gambling as it provides them an opportunity to gamble internationally.

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