Job Potential from Online Casinos
The online casino gambling market has a lot of pros when the industry is
properly regulated and legislated. The UK market has just announced a study that
finds that the United States gambling market has incredible potential for not
only new sources of revenue within the country, but industry analysts predict
that a legal and regulated US gambling market could create as many as 32,000
jobs throughout the country. That is a huge opportunity that the US market is
not tapping. Considering just how hard the US was hit by the recession, it’s a
bit baffling that the US continues to reject proposals and bills that would
regulate offshore online casinos and create new jobs and new revenue sources in
the United States.
The new H2 study has really confirmed what others within the online casino
gambling industry have speculated, that the economic activity alone is a reason
to regulate internet gambling within the country. The Obama administration has
taken quite a bit of time act on any changes – Congressman Barney Frank has been
pushing for US legislation of offshore online casinos for more than three years
now, and yet the lack of support from members of this current administration
have ensured that the UIGEA (banning gambling transactions) stands in place. The
recent UK study was conducted to really show the US administration the sheer
potential that exists within so many sectors.
The current US market is a perfect showcase for how banning and blocking the
online casinos is entirely ineffective. The government is attempting to enforce
legislation that just has no teeth, when the international model of controlled
regulation and licensing has been proven a much safer and more effective method
for controlling the internet gambling industry. |