The Role of Online Gambling in American Economy

| Total Words: 483

The “http://blog.onlinexcasinos.com” online gambling in the United States is considered a billion dollar industry before the enactment of the unlawful Internet Gambling Enforcement Act last 2006 which prohibit businesses from accepting credit cards, checks, or other bank instruments from gamblers who illegally bet over the Internet. Compliance with those prohibitions and regulations would be enforced by various federal agencies as well as state governments, and violations would be subject to new civil remedies and criminal penalties. It was recorded that most of the online bets are coming from the United States approximately with about 80 percent or beyond. These billion dollars are probably used to be to support and strengthen the US economy. In addition, things are getting worse to the US government. Recently, they have already an arrangement to pay millions of dollars as payment for the penalty of the island Antigua. This is due to poor compliance of the decision of World Trade Organization when it comes to online gambling.

Some of the US Presidential candidates have strong understanding towards the role of this activity in the lives and progress of the...

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