Online Gambling Legalization Getting Closer To Reality

    May 17, 2012
    Richard Stalker
    Comments are off for this post.

It looks as though the proverbial floodgates are about to be opened in the online gambling debate. Nevada has already passed a law and New Jersey is likely to follow soon, according to Pillsbury lawyer Jim Gatto. He adds that Hawaii and California are also considering bills to legalize online gambling.

Up until last year, online betting was considered illegal. Then the Department of Justice issued a memo green lighting it with some restrictions. The state has to allow it, the betting takes place within state borders, and no sports betting is involved. If all 3 of those criteria are met, then it is A-OK!

This is huge news for the economy because as the New York Times reported, online gambling in America could be worth anywhere from $6 billion to $100 billion. That is a potentially huge cash influx in these hard times for any state that chooses to legalize it.

Some states like Utah have already made strides and have made it illegal to gamble in the state. But Utah isn’t historically a state with huge fiscal problems like say, California. It will probably become legal there, but the Indian casinos have a lot of power so we will have to see what becomes of this situation.

  • marvin nubwaxer

    the same poor and ignorant people who think they will get ahead by gambling also believe that tax breaks for the rich are great for them too.

    • jimmy

      ur an idiot marvin

    • chucksaint

      Don’t like on line gambling Marvin,then don’t gamble. I don’t like Gay marriage so guess what, I will not be gay and marry a guy. I will not tell another man that he cannot do it. Friggin live and let live you moron.

    • Ron Paul 2012

      Such ignorance! This is America. If you don’t want to gamble, don’t gamble.