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USA Players say YES to Internet Gambling

2/13/10 - The widely read U.S. IT publication Network World took up the legalisation of online gambling story this week, recapping on the efforts of Congressman Barney Frank to overturn the UIGEA and set up a regulatory and taxation regime for the industry in America.
 
Network World asked the rhetorical question "why would legalizing online gambling be a good thing?" and provides the answer: "Because the public wants it! We know this because U.S. citizens spent an estimated $8 billion last year betting online."
 
Author Mark Gibbs does some simple arithmetic based on a proposition that each online gambler spends a moderate $500 a year, and comes up with 16 million players or about 1 in every 4 US punters over the age of 21 years.
 
The author also draws attention to an online poll by US News and World Report, in which more than 91 percent of respondents answered "Yes" to the question "Should Online Gambling Be Legalized?"
 
Gibbs goes on to examine the standpoints of opponents and supporters of legalised online gambling before observing that despite opposition in some political quarters, there has been no suggestions in the USA that state lotteries or tribal gambling be curtailed or outlawed.
 
He attributes this to the big money involved, which he quotes as $28 billion annually (2008 numbers) in tribal gambling, and over $75 billion in state lotteries, of which some $18 billion flows into state coffers (again, 2008 stats).
 
He then compares this with the potential tax revenues from legalised online gambling, quoting a Joint Committee on Taxation estimate that Congressman Frank's proposed legislation would generate nearly $42 billion of tax revenues over the next 10 years.
 
The author concludes: "I'm not against gambling. I can't find any reasonable moral or ethical grounds to oppose it and, as someone once said, gambling is a tax on people who are bad at math. In fact, I find it surprising that in the land of the brave and the home of the free anyone would want to tell you what you can and can't do with your money.
 
"After all, if it's good enough for the states and good enough for Indian tribes, then why wouldn't it be good enough for Internet users?"

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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