If a recent study by a U.K.-based company is any indication, the expansion of online gambling would provide a huge boost to employment figures in the next five years. A study by H2 Gambling Capital (Manchester) shows that if gambling was legalized and regulated the industry could add more than 30,000 new jobs in the next five years.
Addition of these jobs alone could stimulate the tax revenue of affected countries to the tune of $50 billion and more. In fact, H2 states that all new activity from legalized online gambling could bring in more than $90 billion. (H2 specializes in analyzing markets for companies in the gambling industry.)
Information about the study was included in a recent issue of The Hill and also appeared on thehill.com. The Hill is published regularly while the U.S. Congress is in session. The organization, Off Shore Gaming Association, has also included a summary of this study in its recent news to members.
Viewing the issue from another standpoint, continuing to make online casinos illegal means continuing to lose billions in revenue to other countries and to companies based in other nations. The original bill banning online gambling in the United States was passed in 2006. Legislation currently in the Congressional system would legalize and regulate online gaming.
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