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Will Hill Taking Bets

Speculation is rampant in the online casino gambling industry about the legalization of online casino gambling in the United States. With a new administration firmly in place many in the industry have renewed their hopes that the US government will reverse its current position on internet gambling and instead pass new legislation that regulates and licenses the online casinos. And while the speculation is the water-cooler talk at internet gambling companies everywhere, there is really no clear indication about what moves the Obama administration plans to make in terms of changes to internet gambling legislation. In fact, the issue is so neutral at this point that online betting giant William Hill is offering even odds for anyone willing to place a bet on whether the Obama administration will change gambling legislation during his current term in office.

The issue is so divided because Obama himself has been very ambiguous about his stance on online casino gambling in the United States. One major reason for the ambiguity is the current economic crises that has the whole world on edge – the pending passage of the US stimulus package has the new Obama Administration working on overtime to fine tune and implement this important package…that means that smaller issues that don’t have an strict timeline are pushed to the bottom of the pile.

Some supporters of the online casinos though feel that the internet gambling issue may make it to top priority if the Obama administration considers the huge revenue potential that is available from legalized, licensed and regulated internet gambling industry. The country’s budget could be nicely rounded out with the taxation of gaming revenues – and not to say that this will negatively target gamblers to solve the nation’s problems. In fact, many scholars and politicians agree that a regulated industry is safest for the gamblers.