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State govt. Approves Online Race Betting at Bangalore Turf Club

Horse racing had come to a halt since the far-reaching of the Covid-19 throughout the country. Since the lockdown many enterprises have been imposed to put on hold for the safety of the public and the state.The Bangalore Race Course is probably the only one in the world where a limited space of barely 85 acres has been so comprehensively utilised to provide facilities such as stabling for over 1000 horses, three training tracks, a swimming pool, training schools, walking rings, a veterinary hospital and even an amateur riding school.

On 3 July, the State government gave in-principle approval to Bangalore Turf Club (BTC) to conduct online betting. A mobile application is in the process, where people from all over the country can place their bets on the races and collect their takings through a digital wallet. The app is expected to be introduced to the public in a couple of months.

As we know this COVID-19 pandemic has not only infected around 188 countries, but it has also left businesses across the world down the slope. Everybody’s eyes are focused on the recovery of the losses. According to BTC, its turnover dropped from over INR 1,900 Crore in 2016-17 to nearly INR 750 crore in 2019-2020. With the Karnataka State governments approval for online betting, this should open doors to the market which in turn will reflect the revenue of the establishment and the government.

BTC has been, however, directed to carry out the online betting system in accordance with the rules and regulation set by them. Bangalore races, therefore, are expected to start from early August. “The modalities on online betting are still to be worked out”, said a BTC club member Harimohan Naidu. “But one thing is for sure that the sport will be held without spectators.” he added. Cameras will be set up all over the racecourse allowing the people to view in the comfort of their homes. For more updates on gaming ad gambling news around the world, keep reading GutshotMagazine.com and stay tuned!

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