Throughout many parts of the world, online gambling is considered an illegal activity. Surely the time come to reverse this situation?
Lose lose situation
Online
gambling is still considered an illegal activity in many parts of the world.
Instead of pocketing billions of dollars in tax revenues, many governments
appear to prefer spending millions on tracking down illegal gambling sites.
This approach is ineffective, and makes little business sense.
By recognizing online gambling as a legitimate activity, governments could step in, regulate the business, avoid time-consuming and costly legislation, and bank a huge amount of tax revenue.
The climate is right
With many
businesses struggling to survive, online gambling continues to grow in
popularity, in spite of a tough global economic outlook. The British government
has legalized online gambling for years, and continues to reap the taxation
reward.
Other countries in the world, watching their falling tax revenues, may be tempted to follow the UK example and open their doors to online gambling. It's really a win-win situation. The gambling industry would benefit, as would the governments who permit this activity on their soil.
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