As the debate over the legalization of sports betting in Pakistan continues, there are indications that key sports such as horse racing and football are likely to be included in the market once the legislation is passed. Horse racing has a long history in Pakistan, with the sport already enjoying a degree of popularity, especially in cities like Lahore and Karachi. Historically, horse racing has been associated with betting, though much of it operates in the informal sector. Legalizing this market could provide a way to regulate and tax the industry, ensuring that it remains transparent and controlled. With significant revenue potential, horse racing is expected to be one of the central components of the country’s new sports betting framework.
Football, too, is expected to play a major role in the newly proposed sports betting regulations. Football’s global popularity, combined with a growing interest in international leagues, positions it as a major source of revenue in Pakistan’s betting market. Many fans of the English Premier League, La Liga, and other top leagues are already placing informal bets on matches, creating a market ripe for formalization. Experts believe that allowing regulated betting on these sports could reduce illegal gambling activities while providing the government with a valuable source of tax revenue. As The Express Tribune outlines, betting on football could also help increase fan engagement and provide economic opportunities for local businesses involved in the sports ecosystem.
While the inclusion of horse racing and football in Pakistan’s sports betting bill is still subject to approval, the government is keen to strike a balance between religious and cultural concerns and the economic benefits that such a market could bring. If successful, this move could mark a significant shift in Pakistan’s gambling landscape, allowing the country to tap into a multi-billion-dollar industry that has flourished in other parts of the world. The next few months will be critical in determining the future of sports betting in Pakistan, as lawmakers work to finalize the legislation. To stay updated on the developments, follow this link.
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