A few years ago, before the online gambling scene became what it looks like today, people had to go to land-based casinos to get their dose of gambling. These days, they don’t have to as you can access all the games you want from your house and mobile phone.  

Thanks to the many websites available today, you can play slots for the least amount of money. Some real money casino sites even allow you to gamble without depositing a dime. Knowing you can win real money with no deposit required, what would be stopping you from gambling? You only need to be of legal age in your country or the jurisdiction your chosen casino is registered at to start playing. Some parts of the world – parts of the Middle East – are yet to open their minds to gambling, but time will tell.

There are benefits attached to playing at sites that require little or no deposits. The risks are minimized since you don’t have to deposit any cash, and your fear of losing, especially when you are still new, is reduced drastically. This is one of the tricks sites use to net more gamblers and advance the gambling culture.

Casino Culture in the World

Not all countries have the same take on gambling. The US has mixed reactions, but recently states have been allowed to decide online gambling. Casinos on Native American reservations are not regulated by the state or federal government. Land-based gambling houses are quite popular, though, and they are taxed like any other business. Winners also give a share of their winnings to their respective states.

European countries have been warming up to online casinos and have made it even more enticing for players by not taxing them individually. Gambling houses pay a flat rate to the states, but players take all their winnings home without a worry.

Australia has its fair share of gamblers – over 6.8 million – and it is now one of the countries with the highest number of people that gamble. Interestingly, addition is not a big issue here, even with such high numbers. Sites such as iLucki Casino are regulated and safe for players, making this continent a haven for those looking for monetary rewards while having a little fun on the side.

Singapore is not a fan, but that hasn’t prevented its residents from going to casinos. They are charged a fee for accessing these places, but they still go in their numbers. Turf Club and Singapore Pools are two popular spots, but you won’t find a legalized online casino here.

Canada is liberal with offshore sites and those registered with the provinces that allow betting. Players do not pay taxes, but betting companies are taxed like any other corporation. They also have to be licensed to offer these services here.

Pros and Cons of Betting for Money

Pros

·       Online and offline casinos create jobs for locals.

·       Taxes from these organizations are a source of income to governments.

·       Gamblers are entertained as they earn a little on the side.

·       Governments make money from licensing.

Cons

·       Addiction is likely when people get used to making money from betting.

·       It can make some people lazy and unproductive.

·       If not regulated, gamblers can lose crucial personal information and money.

What Makes Gambling So Attractive?

To individual players, the easy earnings have an appeal. Countries look at the monetary benefit that comes from legalizing casinos and know they stand to lose if they keep giving them the cold shoulder. Of course, there is the legit concern of addiction when sites are legalized, and especially now that mobile betting earns people real money, but there is also the fact that people will always find a way to access these sites through VPNs. This makes it impossible to prevent people from accessing these sites entirely. If you cannot beat them, regulate and join them as The Netherlands did.

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Disclaimer:

• As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
• Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976  
• Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
• Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
• Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
• This article does not endorse or express the views of Qrius and/or any of its staff.