So the question remains where does online gambling stand in the US? One of the questions coming into play right now is whether or not new online gambling company should be open. Of course with the recent crackdown of “Black Friday”, people are thinking twice. Still gambling is proving to be a highly popular hobby that millions of people all around the world are partaking in. The market isn’t slowing down one bit and that’s assigned to legislators that the UIGEA was an effective and most likely isn’t going to work in the future. The US seems to be on the brink of making the changes necessary to allow online gambling companies into the market. Of course the return is billions of dollars in gambling money that US players are going to contribute to the market, but also the tax dollars they can charge gambling companies. For companies operate in a specific country has to agree to maintain a certain level of tax contribution. For a long time Gibraltar was a primary location for casino companies to incorporate because of the unique tax laws. They were known to tax at a much lower rate than other countries in gambling companies took full advantage of this. Now the US quit possibly will open the doors online gambling, legislators are looking for ways to tax the companies that want to move in on the economy.
Of course, the impetus for this is the millions of dollars that can be had. There’s a lot of need for money right now. All you have to do is look at the state deficits throughout the country and you can see how many millions of dollars legislators are looking to bring in to their markets. They know that without some kind of financial injection you’re going to continue to lose ground in an effort to revive. One great way is to use gambling as a means of building up the revenues they need and then fueling that money directly back into the economy. They can use it to cover the budget, either way the deficit, create jobs, create retirement plans again and other important elements that the economy in former times relied on.