Exploring the pivotal history of Lathi and Lathikhela, as well as the relationship between socio-economic impact and development in the Lathials, is the primary goal of this current research. Economic development is not the most crucial factor for lathials, according to this study. Social recognition is. The purpose of this research is to learn more about Lathikhelas past so that we can preserve its traditions and the social and economic advantages that the Lathials enjoyed. Qualitative research methods are employed in the study. In 2021 and 2022, researchers used observational methods and interviews with 150 lathials. This studys findings reveal that Lathials receive substantial social acceptance and recognition and small monetary benefits during national festivals such as Pohela Boishakh, Mohorrom, and the paddy harvesting season. According to this research, most Lathials play the game for fun and personal growth rather than for financial gain. Lathikhela is also not yet recognized as part of Bangladeshs official cultural heritage, according to another discovery. Lastly, the research identifies several essential elements, such as the Lathials and the villagers social orientation, festival mood, entertainment, and community bondage.