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Online Casinos Cause Second Guessing

Last month’s announcement that a long-standing detractor of a legalized online casino gambling industry has done an about face still galls a bit. Oregon Congressional Representative Earl Blumenauer announced that the Ways and Means Committee hearing had swayed the politician into support for internet gambling and he noted that the ban he once supported is actually hypocritical. The galling part of the situation though is the fact that the potential money of legalized online casinos is really what turned this situation around. Within the recent Way sand Means Committee hearing the supporters of internet gambling were sure to highlight the amount of tax revenue that this industry will bring the US once legalized and fully regulated.

Blumenauer is not the only politician who perked up at the money part of the situation. The online casino industry is incredibly lucrative for state governments because they are able to skim a percentage for the price of operating in the US right off of the top of all of the US gambling revenues. Blumenauer noted a very true fact – that banning online casinos and yet allowing legal horserace betting and fantasy sports leagues was hypocritical of the government and that there were better and more applicable solutions that can control and shape the US gambling market.

One of Blumenauer’s main reasons for supporting the new bills to legalize online casinos in the US is not only the money though, it’s also about the US jobs that will be created once new internet gambling regulations pass through into law. New jobs and new tax revenues supporting job building programs is the ideal and something that is desperately needed right now to re-stabilize the US economy and pull the US out of the final dregs of the recession.