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Online Gambling In USA – What’s All The Fuss About?
Author: Neha Agrawal
For some reason only known to themselves, the government of the USA has stalled on the 1st
online gambling issue
for longer than we care to remember. OK…so they made this industry illegal with the promulgation of the Unlawful Internet Gambling Enforcement Act in 2006, but what they really did was cut off their own nose to spite their face.
The tax income from a
legal and regulated online gambling
industry would far outstrip any social degeneration, such as problem gambling. Problem gamblers are problem gambling anyway, whether the games they play are legal or illegal. But the point is that billions of US dollars leave this country every year currently, and the government is not getting a share, because the industry is neither legal nor regulated. Legalization and regulation would also be able to help with social reforms for problem gamblers.
In the UK for example, the
online gambling industry
is considered to be mature, and although most websites are licensed offshore, due to ridiculous UK taxation on the business, the government is now apparently seeing the error of their ways. They are taking a serious look at how to make the tax regime more attractive, to draw operations in online gambling back from offshore sites, and into the UK.
It is a mainstream business today internationally and we all know, only too well, that any industry that does not have an online presence pays the price – generally in losses. It was not all that long ago that Barnes and Noble was seriously burned by Amazon for not taking the Internet retail space seriously enough. It is mistakes like this that should have by now, not only taught live
concerns a lesson, but the US Government too.
We can’t understand what all the fuss and procrastination is about, because procrastination is the thief of time, and money likes speed.
Online gambling in USA
is absolutely no exception to these tried and trusted proverbial scenarios, as well as modern trends. Just as retail shopping has migrated online, so too has gambling. Any company who wishes to be a serious contender business-wise, has to take the online space seriously.
This is why it must be so frustrating for forward-thinking
USA gambling concerns
to have to deal with government bureaucracy. This red-tape seems to be totally antiquated in comparison to the advanced way in which the USA operates with regards to most other mainstream industries.