In the United States online gambling has grown from a total dollars invested of just over $60 million in 1998 to over two trillion dollars in 2012. In some areas, like Las Vegas, where it is illegal to operate an online bingo game, online gambling has taken over. While the government cracked down on online gambling in the United States, some states, such as New Jersey and Delaware, passed laws permitting online gaming. So what can we expect from the United States online gambling industry in the next ten years? Well, let’s take a look at some predictions from industry experts.
First, the casino industry will continue its relentless expansion. There is much money to be made by being the first place people turn when they want to gamble. New casinos are springing up across the country, and cities are being built to support these new casinos. This means more opportunities for jobs for construction workers, more tax revenue for state and local governments, and better infrastructure for online casinos. Online gambling is here to stay, so why not take advantage of this booming business?
Second, the online gambling industry will continue to innovate. As technology improves and software is created that enables players to wager on multiple games, the games will become more user friendly and will appeal to a broader audience. This will mean a more diverse clientele. Already some states, like Illinois, have taken steps to reform their online gambling laws to protect against Internet fraud and identity theft.
Next, the online gambling industry will continue to expand into other areas. Right now it only has online casinos in a few states, but that is likely to change soon. The online gambling industry could one day include live casinos, video poker, online slot machines, and poker networks. All of these things are possible, but no one has said it is possible today. It may be too early to tell, but right now it looks as if the online gambling industry will continue to grow and expand for years to come.
There is one more reason that online gamblers like the United States. The United States has a strong reputation in the world for its legal system and our ability to enforce our laws and protect the American people. Our online gambling laws are among the strongest in the world, and we take our own gaming laws very seriously. We have some of the most stringent regulatory policies in the world, and the Department of Justice takes fraud seriously. Just think of all of the scams, computer crimes, and financial crimes that occur in online gambling, and the incredible amount of time and resources that are dedicated to stopping them. These things happen every day, and there’s no place for them in the online gambling market.
Finally, the online gambling industry benefits from having an American base. If you are an American, living in the United States, then you can gamble on online anywhere you like. When you are doing business with a company based in the United States, the company benefits because that means that they can transact legally with US citizens, and that means that they can transact business and collect taxes properly. Without the United States as a place to do business, other countries would find it very difficult or even impossible to do business with US companies.
You’ve heard the saying before, but it still rings true today. “Keep your friends close, but keep your enemies closer.” For years, the international business community has hated the United States, and many of them openly talk against us in their countries and on the streets. However, when you are doing business online – which includes conducting business with the United States – it is a much different story. In fact, it’s safer to conduct business with the United States and its entrepreneurs than with any other country on the planet.
The online gambling industry is absolutely safe to do business with. While there may be some problems that arise, from cyber-crime and identity theft to some “online black hat” type scams, it is the smaller problems that end up being the nastiest for our nation. It is these smaller scams and illegal activities that end up getting our nation so much negative press. It’s no wonder that the online gambling industry wants to do a United States Online Gambling Market Report and they want to make sure that they are included in this report.
Comments Off on The United States Online Gambling Market Report – Why This Industry Should Take Part | Gambling