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Operating Internet Horse Betting

Several US states have started an alarming and perhaps welcoming trend in the country that will have an unknown effect on the efforts of foreign online casinos and US politicians to legalize and regulate the internet gambling industry in the United States. The US is currently a closed market for internet gambling that only accepts forms of internet wagering that does not cross state-lines. In response to the loopholes in the federal legislation, the controversial UIGEA, several US states have announced plans to expand the state land and internet betting on horse racing. Illinois is leading the pack right now and the state could legalize and license internet betting in the state in just a couple short months.

There are several key companies vying for a license to offer online horse race betting and the profit and revenue potential is just enormous. The legalization of internet betting would allow gamblers within the state to place bets from the comfort of their own homes. The measure was initially introduced as a way to generate more tax revenue for the state budget but will have the added side benefit of also renewing interest in the horse racing industry and hopefully push more gamblers and money that was as well.

This is just a baby step in the many types of new online caisno gambling and betting legislation that is desperately needed in the US market. It likely wont make a huge impact on the federal level political machinations to neutralize the UIGEA, but it is a positive step forward that several US states are open to the possibility to of internet gambling within the state.