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Jobs and Revenue

Talking to politicians in the United States it has become very obvious that the online casino gambling industry cannot be mentioned without the image of dollar signs trailing the thought. The internet gambling industry is potentially very lucrative when it is licensed and properly regulated and this is the chief reason that both the federal government has gotten involved as well as several US governments. In fact, although there are dozens of valid reasons to support the regulation and legalization of online casinos in the US the most talked about and effective debates include the potential revenue and jobs that are created by a full and robust licensed industry.

It works on all levels of the government as well. The argument is working within the federal government right now as Congressmen Barney Frank and Jim McDermott attempt to pass through some new legislation with the argument that these new bills would create a lot of job opportunities in the US as well as fund needed programs within the federal government. The deficit is at an all time high and new programs that can generate a lot of revenue are always being considered. At the state level this is true as well – as long as the UIGEA ban on offshore online casinos stays in place the US states have the opportunity to reap revenues from a taxed and regulated market.

The job creation and need for new revenues really speak to the current state of the US post-recession (or rather almost post recession) and are a solid way for politicians to gain support for bills that seek to regulate and license online casinos.

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