Why offshore Online Gambling is bad for the US economy?

The continued proliferation of offshore online gambling has created a stir on the United States federal government. With the offset of these illegal industry, the Us federal government has to create amendments to put a stop on this illegal operations. According to some, online gambling may cause great effect on the US Economy, that’s why amendments should be made. Though the cause may be just, there are still a lot of issues that are needed to be solved regarding this matter. Why are they trying to put the burden to the Internet Service Providers such as ISP? There are a lot of game sites paying these ISPs to attached their links to them. How will the ISPs gonna survive with that? Another thing that is mind boggling is the provision being raised that bettors should also be considered as perpetrators in this multi-billion industry. This is another idealistic motion in my opinion. For me, the only reason why people are claiming that offshore online gambling is bad for the US economy, is because of the taxes that the government cannot claim from these popular gambling industries. Since this is a multi-billion illegal industry, all of the income and the money flowing in this business is tax free. What if the government decides to make this industry legal given that all the owners will submit all the necessary requirements for tax revenues. Don’t you think this would give a boost the US economy since all of the online gambling sites are paying their taxes? There will be no more issues of tax evaders and illegality will happen.

Don’t you think this would clarify a lot of things? - Discuss this issue at Playsportal.net Internet Gambling Forums

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