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The Future of Internet Gambling
Have you seen banners for websites offering such internet casino games as Texas Holdem, online poker, virtual slots, and more? Have you been tempted to click that signup button and take your chances? Before you do, there is something you should know.
Casino gambling online is not, for the most part, illegal in the United States.
It may be illegal in your state, among the nine states who have made it their
business to tell you how you can spend your money.
And while you cannot use your Credit Card to gamble, there are places near you,
as close as WalMart, that will have you in and out of establishment with a
pre-paid debit card. You choose the amount.
It is NOT a credit card. Your debit limit is your funding amount.
Despite all the legal irregularities concerning online casinos, more Americans
are now visiting them everyday, wagering real money. But many questions have
arisen from the use of websites. Are they safe? Are they fair? Can they be
One of the biggest concerns regarding wagering is: how can these casino
gambling sites continue taking in and paying out money if they are not legal to
operate in the U.S.A.?
Actually, this is not a problem for most; they simply establish an offshore
company, typically based in a Central American or Caribbean country, and conduct
Internet casino business from these friendly locales.
Countries catering to them benefit financially from this business arrangement,
as they collect taxes, fees, and peripheral revenue from the companies operating
within their borders.
This is no small sum, as taxes on revenues generated from online casinos can
easily reach into the millions annually.
Are individual American states missing out on these revenue sources? You bet
they are. The general consensus is that some states will soon take notice of
these lost revenues, and move to legalize Internet casino gambling wagers
within their jurisdictions.
Already, some gulf coast states are looking into ways to use online betting to
take in more tax dollars.
It would be no surprise if a state such as Louisiana becomes among the first to
start the process of Internet casino gambling legitimization.
It will not be easy, but the benefits would be enormous.
Many taxpayers would breathe a sigh of relief... even temporarily.
This is a certain fact: Americans love to gamble. Billions are wagered
annually in pari-mutuel events, especially horse and dog racing,
on sporting events which includes football and basketball, and of course in
luxurious vacation spots such as Las Vegas and Atlantic City.
Restricting gambling has never worked, as the passion of players has always
won out. With the advancement of technology, Internet betting is taking up a
larger slice of gaming pie.
Once on line betting is legalized by the states, many offshore companies will be
falling all over themselves to organize stateside, eager to pay taxes here
instead of abroad.
An additional benefit of state acceptance will be conformity to regulations,
making on line wagering a safer and fairer experience for everyone.
Regardless of legitimization by individual states, there is no doubt the
popularity of on line betting can only continue to grow. Want to bet on it?
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