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Online Casinos Already Doing Their Part

The online casino and sports betting industry has been under attack in the past several months because of claims that the internet betting industries in particular are contributing to the increasingly high levels of corruption in the teams and sporting industry. Sports companies and governments have begun to accuse the online casinos and sports betting sites of contributing to the problem and coming under particular attack and scrutiny are the sponsorship deals that many of the betting companies have in place with sporting teams. The Remote Gambling Association (RGA) though, recently released a report on the level of funding that the betting companies already provide to the sporting teams.

There has been a huge push as of late to force the online casinos and internet betting companies to pay additional fees and taxes to the sporting regulatory bodies so that they can better ensure that corruption and illegal activities are not taking place in conjunction with the sporting events. The RGA has a very different perspective on the situation and the Association’s report notes that sponsorship deals and other forms of advertising within various European countries already contribute a very significant $4.75 billion annually in funds to the sporting teams and the industry.

For that reason, the RGA feels that the online casinos and betting companies are already doing their part to support the sporting industry and that the corruption has actually been quite over blown recently. The lower levels of corruption than reported combined with companies already supporting the sports teams are the two key reasons the RGA feels that any additional taxes placed on the gambling industry is unfair and unnecessary.