How can online Sports betting help your economy?

Answer 1

If online gambling were legalized in the United States by letting Las Vegas based casino's go virtual this would help give our down economy a kick start. In the past few years online gambling has increased by more than 30% each year since 1985 when the first online sports book hit the internet and has grown to more than $800 billion dollars according to (The Gambling News Team) if all winnings of more than $600.00 were taxed by the I.R.S at the time of the winner cashed ticket would give our government 28% of each winning ticked cashed would do wonders for our economy and not to mention Vegas. There should be a ban for all U.S. Citizens to place a bet with any casino that is not approved by the Las Vegas Gambling Commission and with further restrictions on underage gambling on-line by verifying a new account by Drivers License and Bank Account verification by the casino. All non U.S. Clients that bet on-line both onshore or off will be taxed same as any U.S. Citizens. I am the Co-Chairman of The Parlaywheel.com and we have noticed the increase of our new members in the last few weeks just because of our slow economy and according to some of our new members comments has never bet on sports since their college days to win extra money or for fun are now playing to supplement their income. Many U.S.Citizens would rather bet with a Casino based in Las Vegas according to our members and sports betting forums becasue of the likeness of scams with some online casino's that opperate outside of U.S.Jurdiction. Let me know what you think I would love your feedback.

Answer 2

Making money would be the only benefit in the long run, betting on competition ruins the integrity and morals of the sport all-together....Pablo Escobar bet on soccer, along with rival gangs. Games were fixed and if a gang lost a match they lost their money, which cause TREMENDOUS amounts of violence, also murdering politicians along the way, Columbia is still re-building its country because gambling and betting has taken such a harsh toll. In short terms, betting should be done with a 3rd party that has absolutely nothing to do with the teams or players involved in the match or sport. A betting club or private place would be best, but overall it makes sports "un-pure" money can ruin fair game,