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Legalize It Already!

There has been a lot of talk here and elsewhere about the topic of legalizing online gambling in the United States, with opinions being strongly voiced on both sides of the aisle.

As I am sure you are aware, I am an online gambler. I also reside within the United States, which makes my online gambling hobby illegal. My point of view on the matter is obviously going to be that the U.S. government should legalize online gambling, but the reasons behind my decision are points that have not been brought out as loudly as what figureheads on both sides are saying.

With that, online gambling should be legalized because:

A. It is the big gorilla in the room: Online gambling would generate revenue for online businesses that would be taxed and provide revenue to the United States government. We are facing very large deficits in the U.S. right now and providing any type of extra revenue stands to be a positive for the country as we look for any way to bridge our fiscal concerns. It has been estimated that legalized online gambling could generate up to $42 billion in tax revenue over the next decade. This may be small potatoes in the grand scheme of things, but anything helps and it is a step in the right direction.

B. It provides jobs: Another key issue facing Americans right now is high unemployment. While legalizing online gambling will not create millions of jobs, it will open up a new industry to a capitalistic system that will create jobs on our soil. An online casino is going to need people to maintain their servers, conduct customer service, accounting, compliance, marketing, and much more. In addition any facilities that online casinos operate are going to need to be maintained by janitorial and general housekeeping staff, which also adds up to more of a positive economic output that can be created by legalizing gambling online.

Lets also not forget about the potential of smaller casinos perhaps being allowed to offer up affiliate programs to online web hosts or white label opportunities available. While any laws passed may heavily regulate such activities, there exists an opportunity that such a business could be legally maintained using those types of business models.

As I stated before, it won't be a huge industry like WalMart, but there is still a nice potential for job growth if this industry is created.

C. It protects U.S. gamblers: Right now the U.S. gambler is at the mercy of the online casino if there is a dispute between themselves and their casino. We have very few tools at our disposal if there is a problem and have to turn to online sites and forums to help mediate disputes and keep the casinos in check. U.S. regulation would more than likely have steps included to protect the online gambler and make transactions more secure; a plus for everybody. (By the way, I am not trying to make it sound like I am diminishing the importance of online sites like casinolistings. You guys are great and a valuable resource to all of us, and if we are ever truly legalized your site will be among the pioneers to profit from it!)

D. The entire online gambling community would grow stronger: The United States currently boasts the largest regional market for gambling revenues in the world. We are 300 million plus people strong, and even if a small fraction of us started using online casinos regularly, you would see an incredible leap forward in the world community for online casinos. The casinos would be held to a higher standard, because competition would mean that there are several options for players to spend their money at. Competition is great and only benefits us, the casino player. Sites such as this (as I pointed out just above Smile ) would benefit from having more traffic generated and more of a valuable role to casinos for driving customers to their sites. A win-win situation for everybody.

These are my opinions on the issue, and I am sure you have maybe heard the arguments before, but the details I just went into are a lot of my opinion mixed in. I'm not an expert, and I am not a business genius; in fact I break rocks with a hammer for a living. Take it for what its worth, but maybe there are some valuable nuggets in that gibberish somewhere.

1 member gave thanks for this useful post: CL-Ed

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CL-Ed's picture
Location: Sydney
Joined: 7 Sep 2007
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19 April 2011 - 10:46pm

/Applause Thumb Up

Excellent blog. Your talents are wasted breaking rocks for a living.

I find myself wondering why is it that such obviously sensible arguments are ignored by U.S. policy makers? That is the multi-billion dollar question. Of course you have the anti-fun "morality" brigade who want to intrude on other people's lives all the time opposing it. But I don't believe that their influence is enough. There is more to this story and as usual it has to be about the money - who is this protecting? And who profits from it? (Looking squarely at land casino interests in the USA).

Oh and now I have Bob Marley stuck in my head.

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