Vegas Casinos Change Minds About Online Gambling
Not too long ago, the United States major casinos were fully supportive of the proposed banning of online casino gambling, but as the market has continued to grow, they now realize that they are missing out on a major money making opportunity.
Major casino companies are now working to lobby Congress for legalizing online gambling. The belief is, is that the best way to control online casino gambling, from the U.S. perspective, is to regulate and tax it. And since it is nearly impossible to regulate something you can't see, this is the problem that we are having with the government.
This could prove to have a debilitating effect on the smaller offshore operations already operating within the online gambling industry. People in the U.S. account for the majority of the online gambling population, and are thought to be more likely to wager with a known company in America than an offshore corporation. Projections figure that around 15 million Americans have gambled online, but given the annual gambling figures, the number likely to be much higher.
Following such success as the legalization of online gambling in Europe, and the subsequent boom of Internet commerce, U.S. politicians may be passing up a great opportunity that, across the Atlantic, has given to the European community.
The House is expected to pass the legislation, but it is thought to be very unlikely that the Senate will follow suit. The Senate will need a two thirds majority to pass the bill.
