US Risks Much By Outlawing Online Gambling

May 7, 2008

The United States is maintaining its position on not allowing the processing of payments of online gambling to be legal in the country. However, it comes as a detriment to the country, for by not regulating online gambling, they are putting the country at risk for several penalties from countries around the globe.

Recent surveys have all shown that the majority of Americans not only feel that online gambling is an entertaining way to spend their time, but that even if they don’t participate they feel it should be legal. It seems that only our government is dead set against the realization that online gambling should be legal and regulated.

The European Union and the US have already reached an agreement as it pertains to online gambling, and Antigua and Costa Rica are still fighting the US to make it legal. Either that or they expect stiff penalties to be paid. They say that the US has violated the World Trade Organization treaties and they want compensation.

Now it seems that the EU is also looking to get in on the arbitration between these countries, and if this happens the US is probably going to pull out of their GATS commitment. If that happens, online gambling is going to cost us more than just a couple of friends – like our neighbors to the north and Japan.

There is an easy way for the US to take care of the pending problems – regulate online gambling. It would bring us in billions of dollars and save us more than we can possibly count.




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