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Online Casinos are the Clear Winner

A writer for the American Spectator publication, Eli Lehrer recently released a piece covering the potential impact of a major trade dispute with the European Union if the online casino gambling issue is not amicably resolved. Delegates from the EU are currently in the U.S. to investigate the whole of the American gambling industry – both land and online and all of the U.S. policies and legislation in place that is currently shaping the U.S. government’s actions and decisions within this industry. And while the US Trade Representatives have been rather flippant about the whole situation, the EU is serious and Lehrer points out that the U.S. could face some dire trade consequences if the government continues to refuse to cooperate with the EU delegate investigation.

The U.S.’s online casino gambling policies are becoming notorious all over the world, and Lehrer interestingly points out that the UIGEA is rather ludicrous considering the U.S. position on gambling is firmly pro-gambling. Lehrer opined,

Thirty years ago, when casinos existed in only one state, federal laws cracking down on gambling represented the public will. Today, with gambling legal in 48 states, America's debate over gambling has ended with the side that favors legalization as the clear winner.

The positive and negative consequences of widespread legal gambling have already touched every corner of American society. The risk of a serious trade dispute offers a new reason why the U.S. should do away with its federal gambling laws and let state legislatures and consumer preferences decide where - and if - Internet gambling needs government regulation.

The U.S. entertainment industry could potentially face some serious harm from trade sanctions issued by the WTO for Antigua if the issue is not quickly resolved. Plus other nations are keeping a close eye on the U.S. online casino gambling situation, and if the U.S. continues to blatantly ignore the requests from the rest of the world then this battle could become quite costly for America – especially in light of the already huge U.S. national debt, a weak dollar value in the rest of the world and what most analysts predict is the beginning of a bear market. The way that the USTR handle the investigation by EU officials could have a very serious impact on the recessive U.S. economy.