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Not a Perfect World

As US states and Canadian provincial governments begin to consider launching into the legalized and taxed online casino gambling industries these governments acknowledge that having to rely on gambling as a way to fund government budgets is not an ideal scenario. In the wake of the recession that shook the US, Canada, and the entire world the state and provincial governments were left with huge budget deficits in place as they attempted to fund those same programs that citizens have long relied on from the government. Funding, though, is coming up short and the online casinos are a valid option for the state and provincial governments to merely add a structure to the offshore gambling that is already rampant in the regions.

Although the Untied States has banned US transactions with offshore online casinos this has not stopped the US gamblers from finding those sites that still accept US players and sending all of their money offshore. The Canadian government has taken an entirely hands off approach and internet gambling flourishes in the country without any regulatory or legislative tax structure in place – also insuring that citizens are funneling their leisure dollars out of the state/province. The taxation of the online casino sites has surfaced as an incredibly viable way for the governments to bring in huge sums of money that can be targeted at underfunded budget items.

Dalton McGuinty, the Premier of Ontario, really highlighted this fact when he announced that the Ontarian government is planning to launch a regulated and taxed provincial online casino gambling industry. McGuinty notes, that “in a perfect world” the government would not have to go there, but that the government is now consulting throughout the various branches and considering a launch strategy for a safe and secure option for Ontarian gamblers.