Why Legalisation Of Online Casinos Is Such A Problem
Sports & Recreations → Casino-Gaming
- Author Nicky Belkov
- Published November 12, 2011
- Word count 436
Online gambling is a multi-billion dollar industry. If you look at statistics page on some of the most popular casino websites, you'll see astonishing figures. The overall amount of money paid out to players within just one month is almost 32 million GBP. This means just one site pays out over 1 million per day, over 50,000 per hour. If you consider the fact that people lose much more often than they win, the amount of money that online casino operators should get is unbelievable.
Now can you imagine the government officials watching this turnover and not wanting to dip their fingers into the pot? Certainly not! If something can be taxed, it should be taxed. The funniest thing is that online casinos appeared before the online gambling law was invented. Thus, the industry was regulated by some of the older rules that were more or less applicable to a new type of entertainment, while some of the aspects remained literally uncontrolled.
It is nearly impossible to supervise online casinos for one simple reason: it's hard to control anything on the web. Yet, the government wants to benefit from the successful business – tax the casinos and tax the winnings. But politics is a tricky thing; the head of the state can't just appear on one the morning TV shows and say "Dear fellow countrymen, from now on you'll have to pay!" It's not medieval times when things like this could have been done easily (without the TV bit, of course). However banning something that can affect the government's plan is simple.
That's what we see happening in the United States. It is obvious that officials are playing their own games while millions of people can't afford to do something that is perfectly legal in other civilised countries. The government is interested in making online gambling legal, but they want to make maximum profit from this legalisation. Without any doubt, there's huge money involved and casino operators will have to pay a lot before they will be able to officially start paying taxes.
While gamblers in most European countries can pretty much freely enjoy an online poker tournament or online roulette, some EU members try to outlaw online casinos that operate outside the borders of their state. The reason never changes – it is money. They don't want online gambling to be run along the same guidelines as the free market that operates throughout the EU, because in this case their state-owned online casinos will have to compete against foreign casinos. Well, as long as at least local sites are accessible, Europeans will probably not get too upset by these restrictions.
It is really upsetting that whatever undemocratic legislation government officials come up with, they do it under the banner of defending children and preventing the whole nation from becoming gambling addicts. If they put more effort into writing a decent law, that would regulate the functioning of online casino sites and provide believable reasoning for their actions, everybody would benefit from their actions.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Casino Bonuses: How to Maximize Your Rewards and Enhance Your Gameplay
- Top 5 Slots with the Highest RTP: A Winning Guarantee or a Myth?
- How RTP Impacts Online Casino Gaming: A Guide for Players and Operators
- How to Choose the Best Online Casino: 5 Simple Steps
- How RTP Impacts Online Casino Gaming: A Guide for Players and Operators
- Sports Cash System
- The Legal Landscape: Casino Regulations in Houston vs. Chicago
- The Rise of Crypto Gambling in the Casino Entertainment Industry
- How to Watch the Stanley Cup Final Game 7: Tips for an Unforgettable Viewing Experience
- Behind the Scenes: Meet the Artists Creating Stunning Slot Machine Graphics
- The Role of the Kahnawake Gaming Commission in Ensuring Fair Play in Canadian Casinos
- Advice on how to choose the best online casino
- AI Deconstructs a High Stakes Poker Bluff
- Confessions and Reflection of A Casual Gambler
- Unleash the Excitement with a Casino Theme Party
- Play The Best Free Online Puzzle Games With Friends
- Create the right poker atmosphere – the equiptment, the rules and the hands
- What are the most famous Cool Games?
- Tips To Winning The Pick 3 Game
- Best tips for Betting on Professional Sports
- Winning at Casinos!
- Best betting site
- Biggest online slot game wins
- Play Online Sport Bet at Trusted Sports Betting Malaysia Sportsbook Online BBQ1688
- BBQ1688 Malaysia associate forms rare consortium with rivals to bid for sports betting licence
- How is online gambling entertaining and engaging?
- What does no wagering mean? – Casino Guide
- Tips to Win Online Casino Games
- How To Win IDN Play ?
- Are Online Casinos the Future of Gambling?