The war between online gambling and the US gaming industry gets heavy, as the us government is intervening now. Why? Simple, many states receive a lot of revenue from the gaming industry. States like Nevada, Alabama and New Jersey and without this tax revenue they will have severe budget issues.
You may recall that the New Jersey Governor used threatened to close the NJ Atlantic Casinos should they state legislature did not develop a budget. Just how much do states rely with this money? Well in NJ it is nearly 2 million dollars per day in tax revenue. Start to see the point.
The Gambling Online sites are experiencing a battle with the Gambling Establishment in the US; Such as for instance in Las Vegas, Tunica, Atlantic City, Gulf Coast. UFABET มือถือ They have fought against the CT, CA, OK, IA and other Indian Casinos and lost in political and legal battles. China has become putting in Billion Dollar Casinos and the Asian Las Vegas crowd is dwindling too.
There is a battle at this time as a result of lobbyists and political interests against online casinos; a 250 Billion Dollar industry and it’ll grow. Offshore money flows, legalities and business interests are involved BIG TIME. Why is this even an issue from a regulatory standpoint? Well several reasons.
The FCC handles communication and phone lines. Online Internet uses that system of communication. Also International Terrorists might use online offshore gambling to raise money to attack us. Additionally consumers in states where gambling is illegal might partake in this activity across stateliness and international borders as well. Consider all of this in 2006.