The federal government is struggling with an unprecedented debt crisis. The situation is similar at the state level.
The public institutions are spending much more money than they collect in taxes from their citizens.Online gambling is surely and steadily taking a piece of the offline gambling industry. Less people go to Las Vegas...
Gambling can be bad for citizens. It can create addiction, obsession and make people lose money regularly. Online gambling can be considered a form of entertainment and nothing more. Some people watch movies and they can do it legally. Online gambling is not different. It stimulates certain emotions and sometimes money is involved. It’s like enjoying a movie and paying for it.
At the moment, the offline gambling industry doesn’t want online gambling to take over. Online gambling is surely and steadily taking a piece of the offline gambling industry. Less people go to Las Vegas. They prefer to gamble their money online.
The government doesn’t tax it even though it needs plenty of tax revenues to reduce the deficits. Many states like Delaware and others have already started the legal procedures to legalize the online gambling industry. The federal government is expected to take notice of this.
Up until this point, the online gambling industry was able to evolve through offshores. Entrepreneurs chose to pay lower taxes abroad legally instead of being detained at home for illegal activities.