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Big Time Gaming
What’s noteworthy about those figures is they don’t even include revenue numbers from tribal casinos or state lotteries. When we account for tribal gaming, we can safely double those numbers to even begin to get an accurate look at the total economic impact of casino gaming on the US economy. The growth of online gambling through the late 90s and early 2000s resulted in lawyers and judges attempting to apply outdated gaming laws to an entirely new technology. At the federal level, the law relied upon most heavily to deal with online gambling was the Federal Wire Act of 1961.
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Responsible gambling measures are also sorely lacking in the offshore industry. This may not seem like such a big deal for some of you reading this right now, but we have to be honest with ourselves. Some small percentage of people are going to need help identifying when they’ve gambled too much and stopping when it’s time to stop. Additionally, legalization provides second-order benefits, such as new tech jobs, licensing deals between game developers and pro teams, and more.
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