Satta Matka refers to a type of lottery that is and has been popular back from the independence period. Traditionally, Satta Matka was conceptually founded upon placing a bet on the inaugural and final rates of cotton. The transmission of the inaugural and final rates of cotton to Bombay Cotton Exchange was made possible by the New York Cotton Exchange, which transmitted them using teleprinters. Satta Matka is presently legal in some places. However, the contemporary Satta Matka is founded upon selecting a number randomly by the individual who is taking part in the lottery. The random number selected by the participants admits that Satta Matka is one of the numerous lottery systems which currently operate in Maharashtra, where it is known to be common across India.
Then how is the winner of Satta Matka determined? As mentioned earlier, the lottery involves the participant selecting a random number. The winner of Satta Matka is determined by finding out the individual who makes a guess on the correct number. The winner is afterward given a reward, which in most cases involves a pre-determined amount of cash. Two Satta Matka lotteries are popular for their organisation in India. The two lotteries are Worli and Kalyan. In 1962, Kalyanji Bhagat started the Kalyan Mattka gambling. Kalyanji was a farmer who was based in Gujarat, and brought up the idea of founding lotteries that could operate for seven days in a week. In 1964, Rattan Khatri founded the New Worli Mattka. The new Mattka founded by Rattan had several adjustments in the lottery regulations and was operated for five days in a week, thus paving way for relaxation during the weekend since it would be shut on Saturday and Sunday.
Gambling in India has become a constitutional state subject. Some states have allowed lotteries such as Satta Matka and casinos. Among these states include Maharashtra, Goa, Kerala, Sikkim, Punjab, Madhya Pradesh, and Tripura, which is located in the northeastern regions. The Gambling Act of 1867 is a key legal binding that stipulates the illegality of gambling such as Satta Makta. The Gambling Act of 1867 was legislated during the period of British rule. After the partitioning of India and Pakistan, the latter opted to do away with the legislation. India, on the other hand chose to operate by the legislation that was borrowed from their colonizers, British.
In India, an individual held for participating in gambling such as the Satta Matka is likely to attract a fine of up to Rs300 or a harsh imprisonment of more than one month. This applies in states where Satta Matka is prohibited.