Online Casinos Fund Budgets
There is some pretty hearty speculation in the global online casino gambling
industry that notes the US government may be convinced of the validity of the
internet gambling industry as a result of the current recession. The recession
has hit land and online casinos extremely hard all over the world. In the US in
particular, forms of internet gambling has become a viable choice for state
governments that are looking for a way to pad their state budgets. This is a
growing trend in the US – the UIGEA was very controversial legislation that bans
offshore online casinos while providing carve-outs for specific forms of
internet gambling which are legal in the US market; internet sportsbetting in
particular is legal in the states and a popular choice for state governments
looking to expand land and internet gambling in an effort to increase state
funds.
The latest news out of the USA indicates that Delaware is seriously considering
the implementation of online sportsbetting by the end of the year as a way to
providing more tax revenue coming into the state. The situation has cropped up
rather suddenly but there seems to be strong support in the government and
specifically the state senate. Online casinos are strictly off limits to state
governments but the internet sportsbetting sites are a viable way for the
gambling companies to continue making money off of the state gamblers.
Naturally, there is a lot of support for this type of regulation in the state.
The US government also legalized internet betting and fantasy sports leagues.
The sports leagues are highly competitive and coupled with an online casino
betting operation will prove undoubtedly lucrative for the gaming emerging
gaming industry. |