Why Legalizing Online Gambling Would be Advantageous for the U.S.
By Space Coast Daily // March 23, 2020
Following the United States Supreme Court’s decision to declare the previous outlawing of sports betting unconstitutional in 2018, sports betting in the States is booming.
Despite that, the realm of online gambling is still more widely regulated with only five states permitting it: Delaware, Iowa, Nevada, New Jersey and Pennsylvania.
For the US, though, the legalization of online gambling would have massive consequences, the majority being positive. In the UK, the likes of casinos, bingo games and slots are readily available to the public, but for those in the US, they are very limited.
But, say online gambling is eventually legalized throughout the whole of the US, just what impact would it have for the nation?
Effects on the customer
The legalization of online gambling would, undoubtedly, have benefits for the customer. There would be more operating companies which inevitably means more competition.
As such, companies battling between themselves to get to the top of their industry will promote more offers and handouts to customers.
The recent processing of legalizing online poker in some states such as West Virginia will yield an embarrassment of riches for poker players. Just signing up to sites and playing a few hands could lead to great returns.
Effects on American companies
In terms of the poker market, British, Canadian and Caribbean online companies have the power over the American online poker market.
And, if the US continues to oppose online gambling in general, this inferiority will not change as foreign based companies continue to profit from a market which hasn’t even been opened in the US.
Though slow in pace and sometimes frustrating, legalization of online gambling will eventually be brought in for most of the nation.
And, when that occurs, foreign companies will no longer enjoy a monopoly in the American market. So if new American companies can take over from their British rivals, they will become the leaders of the industry.
Lessen problem gambling
If gambling is legal and regulated online, then there is more of a chance of identifying problem gamblers. As opposed to now with the current system, those with gambling issues play on online sites that are not regulated in any way, shape or form.
Essentially, players can lose thousands of their hard-earned money without being monitored, making it easier for problem gamblers to spiral out of control.
But, with legalization and thus regulation, increased protection would be present for those who need it. It would also generate greater freedom amongst the population.
Upturn in the economy
Who would have thought that creating companies in your own nation would help your nation’s economy? Well, almost all current online gambling sites are overseas-based.
With legalization, many of the existing online gambling sites would relocate to the US with new sites popping up around the country also.
Jobs would be created from the likes of computer programmers working in the background to customer service workers operating at the forefront. And, with online gambling sites situated in the US, they would be required to pay US and state corporate income taxes, benefiting the economy as a whole.
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