The money-making potential of a regulated online casino gambling industry is one of the most alluring aspects of the industry for many nations. Now there is no denying that there are some definite concerns about safety and problem gambling and controlling the sites that comes into play when a nation considers regulation. But that is just a small part of it – really the economy and budgetary concerns have been shown as the largest motivating factors for regulating online casinos. This is how the South Africa came around to the notion of legalized and regulated gambling, and several EU member-states have also been motivated by the possible financial gains.

One of the surest ways to know that it’s about the money is to just look at the US market. The US currently has a ban on offshore online casinos from accessing US players and the processing of financial transactions. The ban is in place not only as a way to protect land gambling interests in the country, but for morality reasons (the religious right in the US is responsible for pushing through the US’ currently controversial policy). And as the online casino gambling supporters try to push through alternative legislation that regulates and licenses the industry, a key argument is the amount of money that the federal government can generate to offset the costs of other social programs.

This is a really popular tactic that is in use outside of the US – it simply exists. The online casinos generate significant revenue and during hard economic times this is an easy path for governments to take when they need a quick boost to funds and budgets.

This entry was posted on Sunday, December 20th, 2009 at 8:34 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.