Gambling Could Be Useful for U.S. Economy

28 November 2010 | By admin in News

In the past five years since the de facto ban on Internet gambling (congress passed the Unlawful Internet Gambling Enforcement Act in 2006) the US could have created 32,000 jobs and raised $94 billion in gross expenditures as well as an additional $57.5 billion in tax revenue from wagering activities, related job creation and growth of supporting businesses. All of this would have been the result of legalizing and taxing Internet gambling according to a new study released last week by H2 Gambling Capital.

But that didn’t happen. While most of the opposition to online gambling came from the neoconservative right, most of those legislators seemed more than happy to let the activity exist in a federal regulatory gray area with no federal law applying to non-sports wagering on the Internet, leaving it to particular states to determine if and how to regulate.

But you still can place a bet online. And don’t forget to read betfair co uk review before to do this.

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