In this week’s episode of Perspective Weekly J. Todd breaks it down on just how good the odds are that we’ll have legalized and regulated online gambling in the US. We may see the light at the end of the tunnel, but it’s one hell of a long tunnel!
When you look at the deficit of the federal US budget, and you look at the revenue the country stands to gain if online poker were legalized, it doesn’t take a mathematical genius to realize that online gambling could give the economy and the budget a huge lift.
In fact, there are many who believe that the growing deficit in the US may just be a strong enough impetus for congress to push for the legalization of online gambling.
Sounds dreamy. But pump your brakes says J. Todd.
You don’t have to look much further than the state of California to realize that passing online gambling legislation isn’t exactly a walk in the park. It’s a complicated process, and in California alone, it’s taken years of debate and there’s still nothing on the table. Imagine 50 different states trying to go through the same process.
Will the US deficit and growing economic pressures be enough to push online gambling to forefront? Most likely, but getting online gambling signed into federal or state level legislation is whole new battle.