Thread: $42 Billion from Regulated Online Gambling

Group Estimates Amount U.S. Government Could Be Making Billions

From the CAP News page:

October 29, 2009 (CAP Newswire) -- Coming at a time when the debate over whether or not the legalize (and regulate, and tax) online gambling in the United States has reached a critical point, a non-for-profit, independent group has released a statement announcing that the government stands to make tens of billions of dollars in tax revenue from the enterprise.

The United States’ most influential financial publication, the Wall Street Journal, quoting from the Dow Jones newswire, has published a report stating that the measures in the U.S. Congress “decriminalizing many forms of Internet gambling would raise nearly $42 billion for the U.S. Treasury over the next decade”.

The analysis comes from the Joint Committee on Taxation, a group that stands independently from any online casino advocacy group. The report states that legalizing online gambling “would generate $41.8 billion over 10 years.”

If that doesn’t motivate skeptical U.S. lawmakers, it’s hard to imagine what would.

Click here to read the original article at the Wall Street Journal.

I would think Vegas will use every conceivable means to make a big splash, and that includes affiliates for sure.

Most all online businesses rely on affiliates, and the Vegas guys are no fools. Why would they not use every advertising venue available? The more exposure the merrier, every business knows that.

The differemce here, Dominique, is that the Vegas Casinos already have major brand name recognition, whereas international casinos/poker rooms do not. In a best case scenario, I would expect that Affiliate rev %'s will be significantly lower, than what we have today. Why would a big casino want to share 30 % of its proceeds with affiliates ? That is something that is surely foreign to them now, and my guess, is that it would not be easy for them to adopt such a practice. I can only hope that I am wrong here.