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RANT: Why are we Content?

A recent quote from Lee Trevino, a golfing professional in the United States brings up a very valid point – why is the government content to sit by and lose out on tax revenue from the lucrative U.S. online casino gambling industry. The UIGEA was designed as a way to ban foreign internet casinos from accessing the U.S. market – and although the enforcement regulations have not yet been implemented, the act is flawed and has little hope of ever truly blocking the internet gambling industry from U.S. players. Trevino observes that the IRS spends huge funds to track down illegal online gamblers and could instead be receiving a portion of the gambler’s winnings if the industry was simply legalized and well regulated.

Trevino observed to ESPN, “We gamble billions of dollars in this country, and the Internal Revenue Service doesn't get a dime. Instead, they spend millions of dollars trying to catch these [online casino gambling] people.” This is a sentiment felt by both gamblers and non-gamblers – why is the land gambling industry heavily taxed but the unregulated online casino gambling industry is left in a nebulous state where the operators are able to pocket huge portions of the revenue from the U.S. market because there are no regulations in place for the industry.

Some in the industry have noted that state governments in the U.S. could receive as much as $40 billion in tax revenue over the course of a decade if the industry were properly licensed and regulated. It’s just incredible to think that the U.S. so obviously approves of gambling – just look at the flourishing land gambling industry, the success of internet horserace betting, Fantasy Football leagues, and other pro-gambling industries. Why is the online gambling industry so negatively targeted? It is a baffling question and many online casino gambling supporters are hoping that increased lobbying efforts and an increased awareness on the issue will lead to positive change.