For all of the talk that the online casino gambling industry really wants the US government to repeal the UIGEA and instead regulate and license the internet gambling industry, there is also a large section of the industry that rather likes the way it is right now. The US has a supposed ban on internet gambling, but in actuality, about a quarter of the annual billions earned from the international gambling industry come right from the US market. The US ban of offshore online casinos hasn’t really worked. Sure, there have been a handful of companies really negatively affected by the US legislation, but there are also a dozen or so internet gambling sites that are running the industry well and making a lot of money in the unregulated and untaxed situation.

Once the US passes online casino gambling regulations (and though it may take years, it is the inevitable) those internet gambling sites currently offering gambling to US players will likely be denied official licensing in the market, so they’re not too keen to have that happen. Then to consider even further, a regulated and licensed market will mean that every single online casino gambling site is paying a portion of their revenue to the US government, which lowers the profits and affects the wager limits, bonuses and payout settings of the gambling sites.

Although there is no denying that there is a current danger for the online casinos offering internet gambling services illegally, many of these sites have a very real and valid reason for wanting to keep the status quo, stay profitable, and continue offering illegal gambling services to US players.

This entry was posted on Sunday, December 20th, 2009 at 8:14 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.