Benefits of Online Gambling Regulations In The USA

Legal Gambling > Benefits of Online Gambling Regulation In The United States

As with many controversial subjects, most people tend to point out the negative aspects of online gambling, such as the threat of increased social ills, problem gambling, and perhaps money laundering and other crimes. In spite of these proclaimed ills, there are a wide number of advantages and benefits of online gambling regulation in the United States. If you look at the issue objectively, we are sure you will agree that benefits far outweigh the disadvantages. Let us first look at the financial benefits. The federal deficit in the United States is astronomical. Debt is equal to roughly $14 trillion dollars, and this is continuing to grow. The average daily increase to the federal deficit is approximately $4.1 billion dollars, according to some sources. That is an enormous figure, and online gambling can help knock this down a few pegs. Some estimate that $70 billion a year can be generated through the regulation of online gambling. The costs of operating an online gambling network are low, so profit is likely to be at an all time high. While this will not save the United States from the possibility of collapse, this is too much money to be ignored.

Safety is another benefit that is not widely recognized. Online gambling is, on the whole, much safer than the land based gambling options in the States. The simple fact is that any cash business can attract crime, and casinos are a primarily cash business. These online gambling sites could easily protect players from violent crimes, such as robbery or theft. With all of the safety measures built into the online gambling sites, players can be protected with everything they do. Modern computer technology has more than enough protective measures to prevent players from being met with damages or harm. Many of these sites are even safer than online banking.

Regulation of online gambling would also serve to protect the gamer. The sad truth is that without a way to prevent criminals from operating illegal gambling enterprises, players could unwittingly contribute to organized crime, terrorism, or other illegal ventures. If the government were to step in and actually provide a framework and background checks on the entities attempting to launch these gambling sites, this could prevent illegal enterprises from getting their hands on the enormous amount of money that is associated with online gambling. A tax structure could easily be implemented along side this, which would begin to capture the staggering amount of $70 billion a year in revenue that legal online gambling would bring.

In the most simple of terms, online gambling is an industry that has been ignored by the government for far too long. Anyone who would put the industry up to a cost/benefit analysis will see that the benefits of online gambling regulation far outweigh any negative aspect of the games. We are certain that, if done properly, the regulation of the online gambling industry can be a highly beneficial and symbiotic relationship, not to mention one that is highly profitable. If you happen to agree with this, we can only suggest that you contact your senator or representative and begin to ask them to repeal the UIGEA and begin working toward establishing a legal framework for online gambling in the United States.

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