Legalize Online Casino's

According to the major researches and studies, approximately 7.5 million Americans go to the Internet and play online gambling and casino, and enjoy online card games such as poker, or place bets on the featured online sports. Nearly any American adult knows and easily can mention an acquaintance, friend or family members who play online games and place gambling bets on the internet.

There is no doubt that gambling is quite an addictive habit, whether on its online form or land-based variety. However, one important reason why online gambling should be legalized is that it is an unbelievably profitable and even lucrative one, both for the select online casino players and the federal and the local governments that are able to collect and earn tax revenues from such casinos. It has been reported that the state of Nevada was able to collect $10.5 billion from all the state's casinos last fiscal year. The General Accounting Office on the other hand, reported that in 2003, online casino and gambling is worth almost $4 billion, a number that is still considered conservative by some finance and casino experts. For instance, they estimate that the actual gambling money on online poker alone is as much as $60 billion. Now you can understand why online gambling and casino should be legalized is because of the huge amount of money involved.

The United States government is at a crucial crossroad with regards to whether it should be in favor of legalized online gambling or not. In recent news, the United States Justice Department is pursuing a legislation that will stop the state of North Dakota from becoming the center of online casino and gambling in the country. It is such a pity if these legislations would be passed, as both the federal government and North Dakota stand to lose a huge deal of tax revenue and earnings.

What we actually face is a case of legal and moral issues clashing with economic and financial realities. While the taxes generated by online gambling would hardly make a dent in a deficit measuring in the hundreds of billions, any money should be welcomed in the face of the country's current situation.

We must make these online gambling companies viable and profitable in the United States, and then make them fully taxable so the government can earn from them. Online gambling and casino companies would surely appreciate the additional security of United States locations as well as the possible lucrative earnings and profits from widespread investments. The United States government should likewise open the doors to international online gaming corporations which continue to proliferate all over the world by chartering these online companies.

With the legalization of online gambling, this will further bring more earnings and revenues to the Unites States government. In these times when the government is beset with serious financial and budgetary problems, we should be welcoming legalized online gambling and casinos, and not push them away.