How the legalization of online casinos could boost the US economy

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You might be surprised to hear that, in the USA, gambling is only legal in five of fifty states.

As a bastion of liberty and freedom across the globe, the fact that a simple game of cards or using an online slot game is illegal in America can be a shock to many.

The question is; why? With the online casino industry growing at an exponential pace, the status of gambling in the US does not seem to make financial sense. The US economy has been doing well lately but with the inevitable downturn post-COVID-19 set to arrive any day now, could online casino legalization be the answer?

In this article, we will take a look at how the legalization of online casinos could boost the US economy.

Is gambling illegal in the U.S.?

Throughout the US, the federal wire act means that most types of gambling are illegal in all but five states. Yet in 2018, the Supreme Court flipped a 1992 ruling that made sports betting illegal across the nation.

Many now hope that laws around gambling will calm. Most sources agree that illegal gambling in the US is worth around $150 billion per year. As such, many are calling to legalize an already popular hobby. If this does happen, sites such as www.newcasinosites.me.uk will help Americans decide which are the best sites to play at.

How might online casino legalization boost the U.S. economy?

If the USA can legalize online gambling nationally, the economic impact could be enormous. Very soon after any ruling, fresh online gambling enterprises would pop up across the nation, generating millions, if not billions of dollars that will go towards propping up the US economy.

Legalization could create thousands of new jobs, not to mention the tax dollars that the government would benefit from.

If the United States, like Great Britain and Spain, can become a hotspot for online gambling. The economic impact could be huge and with so many jobs falling by the wayside as a result of COVID-19, new jobs are a must at this tough time.

The reality is that many people already use online casinos in the US, simply logging on to sites based elsewhere. If the US legalizes online gambling, they will simply be able to reap the financial gains of this lucrative industry. Millions of Americans gamble every year and the government, not to mention the wider economy, is not profiting how it could.

Overall, it can be said that the legalization of online casinos could boost the US economy massively. The creation of jobs, as well as the generation of billions of dollars in GDP as well as tax dollars, would offer the national economy a boost at a precarious time in its history.

Whether the U.S. government will be brave enough to go ahead and make moves toward legalizing online casinos remains to be seen, yet the fact that so Americans already use foreign sites means the decision should be a no-brainer!

6 COMMENTS

  1. A long time ago I began to spin slots, play poker and table games, but always only for fun and never for money. I never could have thought that you can really make money in an online casino and moreover a lot of money. But when he decided to play online casinos jennycasino com , he started winning even large sums of money. It was only then that I realized that their games could not only be fun, but also make a lot of money. It’s nice when the entertainment is profitable, and often even significant.

  2. In the present’s past; I’ve seen the future (~2040).

    At that point in time I’ve foreseen that online gambling will be federally regulated across the USA. Virtual gambling will likely be a $250+ Billion dollar industry helping to support the American economy.

    Hopefully we will actually see federal internet gambling regulation happening much sooner than that. That would be great for America and for Americans too…

    The lessons from federal prohibition of Marijuana are obvious and the benefits of legal & regulated marijuana clearly go to the betterment of society as a whole.

    However, I just blinked a few times and 20 years of online gambling history passed right by me at light speed.

    In 2020 I’m doing things differently and in NEW exciting ways.

    I’m creating a new original casino resource that doesn’t bore visitors with bloated reviews and instead holds no punches bringing problem casinos into the spotlight.

    We will achieve this by polling real online casino players on every day social media sites like Reddit, Facebook & Twitter for example.

    One of the major things involved with my/our NEW ways of creating content is to make better & optimal use of Google’s technology, tools & web services that they have available to their customers / business owners and website / content creators.

    In this digital transformation era, Google has amassed the world’s smartest AI ML algorithms and created nearly impossible quantum computers, that will bend your mind literally trying to understand, at first, and then after enough study, eventually starting to understand how they work and how it all comes together and it will be coming together in our future time horizon.

    Late 2019 Google announced a new domain extension they created and are selling; the .new domain name extension. At $500 per domain per year they’re pricey & working on building a healthy community of committed business users that are in turn coming up with innovative ways to engage with their users/customers using the elite .new domain names.

    I’m taking a new approach to the content creation process myself so I’ve gone with the flow and registered a .new domain casinos.new.

    On this website / casino app I will be focused on writing breaking news stories and explaining the complete picture of the online casino landscape currently happening.

    I’ll be posting to the https://casinos.new/ players blog live in the next couple hours (its not even live yet, I’m about to go there next…).

    Simply posting something in a website comment box was something frowned upon historically by the white-hat SEO community.

    In the early 2000’s comments with casino links were often automatically thought of as casino spam and the comment wasn’t considered for its contributed value it provides. In those early days the online gambling industry didn’t get the same respect it does today. They didn’t get the same media coverage either…

    Today there are schema structured data content labels to mark this as user generated content and there are also nofollow tags automitically places on the page’s external web links so its good to contribute to the conversation & share about the industry…

    Hopefully my vision of the industry in 2040 was a bit blurry and we get there by 2030!

    I’ll be looking out for such news stories to share on the new global casino news & player reviews service.

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