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Who Has the Most Control?

The trend of regulating the online casino gambling industry has taken a backseat to more pressing issues for a lot of countries over the past couple of years. The US market has milked the recession and mortgage lending crises for years now as a reason that Congress cannot consider the new bills that aim at legalizing, licensing, and taxing the online casinos. The scapegoat is no longer valid, however, and the US market has been forced to assess the country’s current internet gambling policy with an eye toward making this aspect of the US function better. The US though, by waiting so long to address the situation has really lost control over the offshore internet gambling market. Countries like the UK and the nations of the European Union have clearly demonstrated that regulated gambling industry lends far more control.

The UK was really the first to pass very liberal online casino gambling regulations that expanded the breadth of the gambling market and also taxed the industry to better support the state budget. The tight legislation and licensing process has ensured that there is very little room in the market for unscrupulous and unlicensed online casinos because there are so many quality sites from which to choose. The EU has followed the UK example to some extent but has less control right now because the individual EU member states have varying policies and licensing procedures where the internet gambling sites are concerned.

In this hierarchy of what has worked for the international online casino gambling industry and what has not worked well, the US sits at the bottom of the pile. The UIGEA currently in place is a train wreck piece of legislation and is not serving the US market well. The EU has some great intentions and is in the enforcement phase of a more cohesive set of gambling requirements between the sites, but on the whole the UK stands out as a country that has found a decent balance in the online gambling regulation process.