Online Gambling Has Become Mainstream in America
Prohibition didn't work in the 20's and 30's so why the heck would it work in the 21st century.
Funding an internet gambling account according to the US Government is an illegal practice. If this is true how come there are over 12 million Americans paying to gamble online? Online gaming has grown exponentially over the past 5 years and is expect to continue at a rapid pace. Internet casinos, online poker rooms and offshore sportsbooks provide players the ability to bet on anything, place a wager anytime or enjoy a poker game at their own leisure without the cost of trekking off to Vegas or Atlantic City. For those who could never afford the journey they now have access to Vegas style betting in the comfort of their homes.
Why is the online gambling business so lucrative? According to Nigel Payne of Sportingbet is that the costs of operation are minimal compared to what it costs traditional land based casinos to operate. There are no waitresses to pay, no comps to give high rollers. This makes it easier for the online casinos to offer their players all manner of bonuses to get them playing. From huge initial sign-up bonuses to re-ups casinos, sportsbooks and poker rooms all offer ongoing incentives.
With all this interest in gambling made easy the big players in the land based industries have to be thinking of taking a look at this lucrative market. Terri Lanni the CEO of MGM/Mirage believes it should be licensed, regulated and taxed. It will be interesting to watch the online gambling issue unfold in the coming months. Some politicians are now on side with the idea of regulating this already growing trend.
Bottom line is that people will continue to play, find new ways to fund their accounts and enjoy Vegas style gaming at home. It would be beneficial to Americans to legislate online gaming to ensure that the players in the market are legitimate. Perhaps it's a time for separation of church and state. The moral ideals of some high profile politicians don't really reflect mainstream America.
