Online gambling ban will cost U.S. $ 34,000,000,000

The U.S. Treasury miss the next ten years, up to $ 33,900,000,000. Reason why legalization is the prohibition of online gambling, the tax revenues could be higher. “On the Internet, the social control effect is completely lost, in the arcades to young people is still present, at least. The anonymity of the net naturally creates great dangers “, defended Ilona Fchtenschnieder, spokeswoman for the trade association gambling addiction , talking to press text that such a ban. Read more at derStandard.at.

Banned

“Online gambling is prohibited in Germany. Provider but see tremendous business opportunities and leave no stone unturned to take this, “says the expert. A particular problem are likely to represent poker websites on the Internet. “Sometimes they cooperate with approved casinos, which gives them the appearances of legality”, refers Fchtenschnieder existing loopholes.

More money

An additional authorization of sports betting would bring the U.S. financial even total almost 43 billion dollars. This result shall be the consultancy and audit Price Waterhouse Coopers Institute using two different basic approaches. Licensing, regulation and taxation of online gambling only in those U.S. states where casinos are also currently approved standard would mean an increase of at least $ 17,600,000,000.

Banned

In ten different U.S. states, including New York, Washington and New Jersey, online gambling is prohibited under penalty. The bill HR2046 – the “Internet Gambling Regulation and Enforcement Act of 2007” – presented by Congressman Barney Frank sees a regulated licensing of online casinos provide, at least in those states where casinos are physically present. In the second approach on the basis of a draft (HR2607) by Congressman Jim McDermott, a lump-sum taxation is provided by two percent.

Addict

“In this country, the revenue from gambling taxes are already higher than, say, from the alcohol tax,” said Fchtenschnieder the risk of addiction. Estimates for the number of problem gamblers in Germany would vary. “We are in the age group of 18 – to 65-year-olds from a Suchtrate by 0.5 percent, ie from at least 250,000 people, but there are probably many more. The real figure should also still be significantly higher, “said Fchtenschnieder.

Is now the time to discuss online gambling like adults

A recent report has estimated that 10% of the total amount of time spent online is used for gambling activities. That’s works out at a little over 5 minutes for every hour in front of our computer, which is a heck of a lot when you consider what busy lives we all lead.

I’m going to hazard a guess and say that the only industry that probably beats that is the naughty industry that people under 18 (or 21 depending on where live!) are allowed to access.

I won’t mention the exact name of the industry in case it sets off all sorts of red lights and alarms on the site, but I would suggest that that would probably account for around 60% of people’s time online. Now I have no evidence of that at all, so don’t hold me to it – it’s simply a guess.

However, I reckon it’s a pretty good guess which means that only around 30% of people’s time online is spent doing the ‘traditional’ things which everyone assumes the internet is for: paying bills, updating your Facebook status, emailing your friends, doing research on Google etc etc

How times have changed!!

This figure becomes even more impressive when you consider that a large proportion of Internet users are under 18 and therefore can’t gamble on real money casino games even if they wanted to.

Then of course there’s a huge number of people who are totally against gambling altogether and want it banned – so I reckon it’s probably fairly safe to assume that they’re not wagering either.

So even without these two large groups of internet users, online gambling is still taking up 10% of internet usage, and this is likely to grow when you consider the number of ipad casinos which are now opening up.

A variety of offerings for other mobile devices can only be a little way behind which will open up a whole new market for online gamers.

It’s really not showing any signs of going away, so I wonder whether now is the time to start talking about it openly rather than burying our heads in the sand and hoping that it will simply vansish at some point.

Recently, a host of European countries such as Spain, Germany and Holland have all been forced to look at their legislation for online gambling very closely and start to think about how they might liberalise their current laws to control this growing industry while still protecting their citizens.

This certainly seems like the best way forward and one would hope that other countries such as the US and Australia might think about doing something similar. This is obviously a pastime that people want to indulge in, and forcing it underground with a whole host of prohibition-style rulings can not be good for those indulging.