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Where's the Money?

Kentucky governor Steve Beshear has quite a tough situation on his hands these days with the current recession exacerbating the dismal state of the state’s financial situation -- in particular the budget for the Department of Public Advocacy has been in a sharp decline lately. There is no denying that all of the recent media attention that is focused on Kentucky as a part of the online casino domain name seizure case is a direct result of the fact that the funds are just not really there to support the state’s budget these days. The problem is though, as the budget woes increase Governor Steve Beshear’s questionable actions related to the online casinos increase in fervor.

Basically, Beshear has adamantly pursued the online casino domain name situation because he is looking at protecting the state land gambling interests as a way to keep more money flowing into the government’s budget. Beshear is specifically anti-online casinos because they take revenues away from the land gambling and betting facilities and that means that the government doesn’t receive any tax monies from the wagers made online.

All of the US states are finding times are particularly tough these days – and states like Kentucky look to the profit potential of land gambling as a salvation of sorts. In Kentucky, as the governor considers expansions within the land gambling and betting industry, the online casinos are a direct and identifiable threat to increasing the amount of tax revenue coming directly into the state’s general budget.