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2. 3. 250% up to $5,000 ; #2. 280% up to $14,000. Top 5 Casino Online Canada, internet gambling games. Under the Gaming Laws, the respective state governments regulate betting on physical horse races These include states such as Karnataka, Telangana, West Bengal, Maharashtra, Delhi and Tamil Nadu. Additional conditions may be imposed by the respective race club itself operating under the terms of the licence issued by the state government. Please refer to question 1.2 below., internet gambling. Fantasy betting (payment to back a ‘league’ or ‘portfolio’ selection over a period of time, for example in relation to sport or shares) In most states, fantasy sports is unregulated, operating within the exception for games of skill in the Gaming Laws. There are some exceptions to this. The states of Nagaland and Meghalaya have licensing regimes for virtual sports fantasy league games under their respective Acts. 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