Why Sportsbooks Would Flock to the US
upon Decriminalization
Joe Duffy (JoeDuffy.net)
As reported on CasinoBettingNews.com, both CNBC and the
Wall Street Journal conducted surveys that showed an overwhelming 9-of-10
Americans favor fully legalizing online gambling.
I’ve pointed out if the
government did something really extraordinary and listened to the will of the
people; tax revenue from online casinos could be used to fund Social Security
or education. Crazy ideas, I know.
Even supporters of your right to choose to bet will point
out that online sportsbooks and online casinos could still set up shop outside
the
circumvent taxation.
At JoeDuffy.net, we believe there are at
least two major forces that would make that unlikely: market forces and
government protection.
BetOnSports, the target de jour of the Department of
Injustice’s crackdown on civil liberties, reports about 80 percent of their
sportsbook business came from the
before the “Tobetaman Square Massacre”.
American pointspread bettors
would feel much more secure placing their online sports bets with a company
that was regulated inside of their borders. “Even those of us who do not have a
great deal of faith in our government, generally have a favorable view of the
current land based casino control commissions” said Stevie Vincent of KnockoutPicks.com.
Cy McCormick of the online handicapping
syndicate AllianceHandicapping.com
added, “Regulation means credibility”.
What do we mean by “government protection”? In this fantasy of Big Brother giving you the
right to choose to gamble online, certainly the “no taxation without
representation” applies.
Several years ago, online sportsbooks faced DoS (Denial of Service) attacks from Russian mafia
hackers. The hackers demanded “security
protection” from the online casinos and for the most part got their ransom.
Eventually, the extortionists were caught, but with no
help from the FBI. The hackers knew offshore books would get no relief from
States
government legitimized online gambling, American based companies would have the
same law enforcement protection as Ebay or Amazon.
Finally, American land based casino giants would
aggressively pursue the online avenue once our government decriminalizes this
legitimate activity. All but guaranteed to be major players when it came to
online betting, their motivation to circumvent taxation would be minimal.
But who wants to fund social security anyway?
Free college and NFL picks all year long at JoeDuffy.net