We will be looking at fast-tracking the timeline. With there being no question of allowing any spectators, the BTC is turning to online betting, which they say is a first in India. This July, the Karnataka government gave in-principle approval to the turf club to conduct online betting, after which the club announced that it will develop a mobile application where punters can place bets on races and receive dividends through a digital wallet.
With the introduction of online betting, BTC is looking at expanding its customer base and shore up its revenue. Already have an account? Sign in. Move smoothly between articles as our pages load instantly. Enjoy reading as many articles as you wish without any limitations.
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Punters find it financially unviable leading to a downfall of the sport as the racing clubs stand to face huge revenue losses. India has five 'Classic' races which parallel the original British classic races. The Indian 1, and 2, Guineas are run in December. The Indian Oaks is run at the end of January. Lastly, the Indian St. Leger is run in September. Leger which is run at Pune. The Invitation Weekend which rotates between the various turf authorities is held on the first weekend of March.
This features a Group 1 race each for sprinters over metres, a race over a mile and a metre race for stayers. The best horses are invited from all over the country for these races. It is sponsored by Kingfisher. Invitation cup and associated races sprinter, stayer, Super mile is rotational, Hyderbad ,Calcutta Banglolore , Bombay and this year is RWITC' Mumbai's Turn, is run over meters was for only 4 years old only were eligible but from onwards it has been changed to elder horses also.
Elusive Pimpernel 22 of 23 starts   and Squanderer 18 of 19 starts  are considered the greatest horses to have raced on Indian Turf. Indian horses have made their mark on the international scene. Mystical won two races at the Dubai Racing Carnival. Others to perform well have been Southern Regent, who won twice in England when way past his prime at the age of 9.
Beat It Dude was one of the highest rated horses in South Korea in Astonish was a Class 1 winner in Hong Kong. Quarantine restrictions and apathy on the part of the Indian Government have kept these opportunities to race abroad very minimal. Own opinion who represented India in the Japan cup in as 7 old and although he finished 13th he beat his own record despite the race track being anti-clockwise. Famous trainers over the years have been; Rashid Byramji , S.
Shah, Vinayak, D.
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While clarity from the state government is awaited on the further process required to be followed for enabling such online betting, including whether amendments to existing legislations or rules are required, the horse racing fraternity was understandably ecstatic at the announcement, and quick to dub the decision as a historic one.
Many experts tracking the horse racing industry believe that this decision will give a new lease of life to a dying sport, which has over the past few years been crippled by an exorbitant GST rate, continuously declining interest in the sport from the younger generation and the prolonged lockdown and suspension of the racing season due to Covid BTC officials also indicated that the club is in the process of developing its own mobile application, which could be used by members and the public at large to place bets digitally, using online payment methods.
With Karnataka initiating the process of allowing online betting on horse races, turf clubs in other states have become hopeful of similar permissions that will be given by their respective state governments. Lawmakers like Congress Lok Sabha MP Karti Chidambaram not only welcomed the decision on Twitter but also demanded that all forms of sports betting should be legalised and taxed, which would earn the state exchequer valuable revenue. Chidambaram went on to note that the tax revenues from legalising betting should specifically be used for development and improvement in the sports and education sectors.
Indeed, it would only be logical for the Karnataka and other state governments to consider, as a next step, opening up online betting not only for horse racing but also for other sports and also look at regulating and streamlining the online gaming industry. Notably, horse racing and betting thereof enjoys a special status due to a Supreme Court judgment Dr.
KR Lakshmanan v. Many experts like retired Punjab and Haryana High Court Chief Justice and sports law expert Mukul Mudgal, who then as a lawyer, appeared for the turf clubs in the Lakshmanan case , have argued that the logic used by the Supreme Court used in the horse racing matter, could be extended to betting or wagering on other sporting activities like cricket, without falling foul of anti-gambling statutes.
A Delhi District Court in a order discharging cricketer S. Sreesanth and 35 others in a spot-fixing and organised crime case, had noted that cricket is undoubtedly a game of skill and therefore no offence can be made out even if there was rampant betting on IPL matches.
Using these existing precedents, it is only logical for state governments to not distinguish between betting on horse racing and other games or sports and allow online skill-based games and sports betting activities to be streamlined and permitted in a regulated and licensed manner.
The move especially makes sense given the abysmally low tax collections in the past few months due to the coronavirus pandemic and ensuing lockdown, with states desperately looking at various avenues to shore up revenues. It remains to be seen whether Karnataka and other state governments will leave aside moral dilemmas and taboos associated with the gaming and betting industry and take the next logical step of regulating, taxing and licensing all forms of skill-based online gaming and betting, which according to various estimates can contribute tens of thousands of crores of tax revenues annually and provide much-needed fiscal headroom to cash-starved state governments.
The writer, a law graduate, has tracked the gaming industry in India for the last decade and advised several gaming companies on legal, regulatory and policy issues. Views are personal. Running On Jat Fuel.