When Matka Game Started
When Matka Game Started .
When the textile industry was booming
in India with many textile mills in Mumbai, mill workers played TaraMatka, resulting in opening bookie shops in and around the mill
areas like Central Mumbai and Kalbadevi in South Mumbai. The 1980s and 1990s
were known as the golden year in the Matka business, where we saw the business
rising to its peak. Betting volumes were over Rs. 500 crore would be laid every
month. On one side, people were getting instant rich, giving rise to many
illegal activities in the city. On the other side, people were losing their
hard-earned money in gambling that would end in taking their life or falling
into huge debt traps under the money lenders—only after the Mumbai Police's
massive actions taken on the Tara satta Matka dens forced
all the dealers to shift their hideouts to the city's outskirts.
Thus, Matka expanded rapidly across
India attracting various new bookies and traders to invest in the business. At
the same time, people in Mumbai with no major source of betting moved to form
another form of illegal gambling like Cricket betting, online betting, etc. In
the 2000s, there was a substantial drop in the bookies of Matka in and around
Mumbai, but still, the monthly turnover has remained around Rs. 100 crore, thus
getting into the limelight of many investigation teams and political parties,
and the debate continues whether to continue the form of business in India or
to ban it.
Is it legal to play matka?
Though there are several attempts to legalize this form of business in India, the modern matka business is currently centered around Maharashtra. It continues to remain the most profitable business for many small and medium-sized traders. There is a massive change in the business with so many companies coming forward to invest in the DpbossMatka business and adding technology to it so that more people can invest in their luck. Often we hear about the discussion of banning this illegal money trait in the parliamentary meetings. Now it will be interesting to see whether this will continue or might end. Since the game is online, there are various websites to declare the results are attracting huge traffic to the websites.
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