Tag Archives: online poker
Online Gambling: Legalize it?
Over and over again, internet gambling bills are being defeated here in the U.S. This just shows that open online gambling and online poker in America are still a ways off. The country has always been fairly strict about gambling laws and regulations, but seems to give a little bit here and there. The only way to really boost the online gambling industry is to consider the pros and cons of having it legalized here in the country. Here is a list of some of the pros and cons of having online poker legalized in the United States.
Legalized online gambling actually offers some benefits to gamblers, gambling mediums, as well as the government. To start out, we will talk about how it affects the gamblers. Online gambling can be a risky business for gamblers as many times they will win big but never receive a check. There are a lot of scam artists out there taking advantage of gamers. Legalized gambling will not do away with this fact, but it can help you to find better and more secure sites. You could look for sites that are licensed with the state and hopefully stay from any type of fraud. These licensed sites would provide reliable and honest sites for online poker and sports betting. This will also help gamblers who live in states that do not currently allow gambling. There are people in these states that get online to play a few hands of online poker and are considered felons. This would open up the industry to a lot more people who enjoy the rush of it.
Gambling websites gain a lot because they can retain large financial institutions such as VISA and MasterCard who just dropped out of all online gambling sites here in the U.S. Gambling websites would not have to be worried about being involved in illegal actions and can work to improve the site for customers and turning over a profit. This would also free up time for the Government to attack other illegal acts instead of just gambling. Not only that, the government would profit from revenues generated from the online poker sites.
The cons include those people who would hate to see gambling overrun the country. There are many conservatives who analyze the addictive qualities of gambling and find the riskiness of it an unhealthy practice for Americans. Also, there are a lot of sites that would rather stay out of country and find under-the-table forms of transactions in order to avoid taxes on their earnings in the U.S. These few hangups probably won’t come into consideration for a while, however, since the U.S. is still a long ways off of getting to that point.