Only one good thing can be said about the new Congress legislation that’s trying to prohibit betting on online casino web sites: it won’t work
Only one good thing can be said about the new Congress legislation that’s trying to prohibit betting on online casino web sites: it won’t work. The measure, which involves banks and credit card companies stopping financial transaction to online casino sites, was sold as a moral response to stop Internet gambling, but it’s actually just a way to surge in competition against land-based casinos and state lotteries.
Let’s begin with its name, “Unlawful Internet Gambling Enforcement Act”. As you may notice, the law comes out against “Unlawful Internet Gambling”, not Internet gambling. But don’t worry, the Congress has already decided for you what’s unlawful and what’s not. Online casino sites and online poker rooms – unlawful, horse racing, sports, state lotteries – not. But even when trying to ignore all of that, one big issue still remains problematic, and probably will stay this way. The online casino industry can’t be stopped, and neither the congress or anyone else will be able to stop it. Every determined gambler will find a way to bet online, and almost every web site will find a way to go around the legislation.
The US Congress can start by learning something from the Europeans, who are taxing all the activities of the online casino industry. The European Commission has even investigated some member nations who were suspected of trying to ban access to online gambling sites. Not only that the US legislation won’t be able to stop the online gambling industry , but they will only make the situation worse. The well regulated and honorable sites will maybe disappear, but in their place will come other, non regulated and maybe even questionable, online casino sites.