Online Gambling Wake Up Call
Added: April 21, 2016
At this point in time, the question of the viability of online casinos and online gambling is pretty much settled, at least for those progressive governments around the world that are willing to take a good hard look at the facts. Get this: the online gambling industry grew by a shockingly high 100% in a mere nine years. In dollar terms, the online gambling industry exploded from $24.3Billion in online casino revenue in the year 2009 to a massive $35.5Billion in 2015.
Get this: a consensus of online gambling site analysts agree that online gambling revenue should quite easily reach $56Billion by the year 2018. In other words, there is quite a bit of money on the table. Money on the table for those governments who spot the opportunity and are willing to take a more proactive stance with respect to online casino action.
After all, there are numerous examples of the successful legalization, regulation and more importantly for government coffers, all of the online casino taxation and associated fees. If you have been paying even a little bit of attention as of late you know there are both local examples as well as national example.
One great illustration of local legalized online action can be examined up close and personal in the state of New Jersey. As you probably know, even now, the state of legalized online casino action is literally all over the map in the United States. Yet the state of New Jersey has been pushing the boundaries with respect to online casino action since 2013. As of now, New Jersey legislators and of course the my way or the highway governor of New Jersey Chris Cristie are looking quite smart. Recent news from New Jersey continues to report that online gambling revenue continues to increase.
To see how this looks on a larger platform, all you have to do is take a look at what is going on over in the U.K. Much like the state of New Jersey, officials in the U.K. made the studied decision to legalize, regulate and of course tax online casino action. And as you have witnessed as of late, this decision to legalize online casino action has proved quite fortuitous for both online casino players and government coffers.
Naturally, these success stories prompt the next obvious question that citizens should be asking all over the world, at the local and at the national level. When will other savvy governments read the writing on the wall and go ahead and legalize online casino action?