Gambling Should Be Legalised

Examining why sports gambling should be legalized throughout the U.S.

Legalized Gambling States
Sports Gambling Legalized

Gambling Deposits Should Be Easy. Though online gambling are not technically outlawed, there are restrictions in place regarding the rules of actually depositing into these online gambling sites. This is why, as well as the regulatory and tax reasons, as to why online gambling should be legal. Sports Betting Should Be Legal, But It's Bad Tax Policy. Additionally, government revenue from taxes and fees on gambling is generally a small portion of any state’s budget. With the huge popularity of online gambling, the national legalization of gambling in the United States has become a hotbutton issue for politicians. Though it is unlikely to ever be legalized at the federal level, the discussions of state level legalization are growing.

(By Philip Trampe) New York’s 2019 budget has a $4.4 billion deficit with a huge cut to health care, according to Governor Andrew M. Cuomo. At the same time, according to various surveys, 46-49% of Americans claimed to place at least one sports bet a year making the US black market for sport betting according to a number of estimates to be worth around $100-200 billion. Some New Yorkers even bet on political events and managed to win. Why not push this money out of the shady underground, make it taxable and use it among other things to close budget loopholes in the regulated states and protect players risking their money on illegal offshore bookies with no benefits to the state they live in?

Look at New Jersey. Since Governor Phil Murphy signed A 4111 on June 11, legal bettors in September have more than doubled handle month over month to hit over $6.1 million dollars a day. Sportsbooks held a huge $24 million in September working out at an average $800,000 in revenue generated per day, with online and mobile betting contributing $104 million in handle, or 56% overall. $24 million in hold equates to 13%, comfortably above long-term averages. The month-over-month breakdown reveals the explosive growth in legalised sports betting in New Jersey. Whilst legalised sports betting remains in its infancy in the state, the evidence already suggests it is generating a boom for bookmakers and, ultimately, tax collectors like never before.

Sports Betting Will Need Strong Measures

From experience of countries where the Gambling is legalised, we can probably say that in addition to revenue generation, it will also help in creating large-scale employment opportunities. Why should not Gambling be legalised? It must be noted that even though gambling is largely illegal, it is still rampant and unchecked. Yes gambling should be legalized Gambling is an excellent source of income and can generate a giant source of revenue for businesses and can also be put towards communities and projects going on in the city that is hosting the gambling.

Legalizing sports betting would of course require strong measures to protect legal businesses, players’ rights and the integrity of the games. A legalised, regulated gambling industry is the best way to protect the consumer. In the UK, bookmakers are obliged to dedicate 30% of their advertising material to responsible gambling, with all adverts including ‘when the fun stops, stop’ motto. Moreover, all staff working in UK betting shops are trained to spot the signs of problem gambling and they are obliged to refuse bets from someone who appears to be at risk, whilst providing them with information on how to get support from one of the UK’s many problem gambling charities like GambleAware, all funded by the betting industry. Basically, that’s the same thing some bartenders did to me a couple of times on West Side of Midtown Manhattan when they served me water instead of another beer saying that it was “enough for me”.

Contrary to popular belief, no legal, licensed and regulated bookmaker ever has any interest in match fixing. Licensed and regulated bookmakers are obliged to cooperate with the gambling authorities whenever there is suspected match fixing. It is the bookmakers who sound the alarm in the first instance when they notice irregular betting patterns, which not only are unprofitable but also deter customers from believing that the sports events they are betting on are transparent and fair.

Betting Can Generate Huge Revenues and Rating

A regulated betting industry which is allowed to advertise can generate huge revenues and ratings for broadcasters of sports that are popular with bettors. Barclay’s Sandler estimated that sports betting ads could contribute as much as 4% to Google’s 2019 revenue. The betting industry spends around £200 million per year in the UK on advertising on TV, money which trickles down into the sports themselves via sponsorship deals, prize money and investment in players and teams.

This creates a compelling entertainment proposition and competitive activity in order for the sport to appeal to fans who may consider it a viable betting medium. Much of this commercial investment in top-class sports also trickles down to the grassroots level, with many betting companies choosing to directly invest in and support local and amateur sports as part of their commitment. However, the law should protect legal players and forbid unfair competition. Since you can’t really ban all illegal bookies by IP (people will start using VPNs), you can forbid media companies from advertising and sending them traffic.

Sports betting is entertainment and should be fun. The aim with regulation of the industry in the USA is to put illegal companies out of business, make money taxable and protect users who would rather bet $100 legally knowing that they can withdraw in the event of a win. And, of course, taxes are paid on each and every bet.

Eighteen more states will sanction and regulate sports betting in 2019, including New York. Some say that the national legalisation of sports in the US appears to be impossible. Utah will never legalise it and other states may be much slower. However, Utah quickly legalized same sex marriage in 2013 when that outcome seemed unlikely. As such, I remain optimistic about their decision-making. The future for a regulated industry and protected bettors in the USA looks bright.

Philip Trampe is an executive at US-bookies.com.

Published Thursday, Sep. 3, 2020, 9:18 am

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By Takuma Tanaka

If you are a resident of Japan, chances are you know that gambling is not legal in the country. However, the question remains. Should we strive to get gambling legalized in Japan? What would be the pros and cons of doing this? What steps can the government take to ensure that its citizens will be able to get the major entertainment value that gambling can provide?

If you want to find out the answers to these questions, read this article as soon as possible. We will try to give you some of the most pertinent information about gambling in Japan and how it is continually progressing at present.

Gambling in Japan: The History

Officially speaking, gambling in this part of the world is still considered legal and has been considered illegal since 1907. By the end of the Meiji era, many official casinos have popped up in this side of the world. In particular, these casinos reside in Tokyo and outside of the city.

Fast forward to 2016, the Japanese government and prime minister Shinzo Abe has passed a law that could turn the tide and make them illegal in the future. Japanese residents and other tourists who are fond of gambling would have to wait until at least nine years in 2025 before the law takes effect in full.

This year small gambling associations have already started to penetrate the Japanese economy. Some speculate that more Japanese casinos will open before the 2020 Olympics which can accommodate the influx of tourists that will come for the games.

Legal Gambling Games in Japan

As of press time, there are some legal gambling games that have already started to gain traction in popularity within the country as the integrated resort industry grows. These are as follows:

The Lottery Games

With this particular type of game, you can expect a much greater chance of winning. All you have to do is buy a lottery ticket from any participating store and scratch the surface. When it reveals similar characters in one row or column, you’ll win the prize.

Pachinko

Essentially, this particular type of game works like a slot machine. Instead of waiting for cash prizes, you will get to win gift certificates and vouchers that you can use to get products from participating retail stores around the metro. This is essentially done to circumvent the strict Japanese laws against gambling.

Racing Games

This is one of the most lawful ways to gamble in Japan. Whether you prefer a horse racing event or bicycle and car races, you can place your bets and hope to win any of these contests. Tourism and tax can promote these games. The good thing about this is that you don’t have to worry about the police getting in your tail because of participation.

All you have to do is place your bet enjoy the game.

Exploring the Online Gambling Industry in Japan

In terms of online gaming, this is where the line blurs. Japanese laws have strict rules against physical gambling institutions. However, online games of any nature are complete and legal in the country. Perhaps this is because the introduction of mobile gaming technology in Japan came in quite late.

The good news is that you don’t even have to leave the comfort of your own home to enjoy them. If you are fond of online gambling, there are many websites that can accommodate players from Japan and other countries as well. You just have to do a little bit of research to find them.

A great examples of online gaming portals that you can visit for entertainment you can find thanks to reviews on bitcoin casino. One advantage you can have with bitcoin casinos is that it is safe and secure to use. You wouldn’t have to think about being hacked once you login and play.

As traveling to Japan can be quite enjoyable, chances are you won’t even want to sit around in front of your computer to play in an online casino anyway. You would want to explore anything and everything that you would like to see in the country before you leave.

Legalized Gambling States

The Main Reason for Legalization

Gambling both in physical and online casinos can definitely give players a way to relax and properly enjoy themselves without any inhibitions. It provides entertainment and the diversion of retired professionals who may want to have some time to themselves after a hard day’s work.

Why should we consider legalizing gambling as a whole? Isn’t there another way to pass the time without having to spend too much money? Yes, there is. However, as part of the social and economic freedoms that can be afforded to any citizen by its government, the governing entity shouldn’t dictate how people get to spend their own hard-earned cash.

Conclusion

This is why gambling should already be legalized in Japan as soon as possible. It will not only be good for the people in terms of entertainment, it can also be good for the economy because many tourists will be able to travel to Japan and enjoy themselves while still allowing the Japanese government to make a sizable amount of revenue from any and all casinos that may pop up once gambling becomes legal in the country.

Sports Gambling Legalized

Once the Japanese government realizes the benefits of gambling, they will certainly be able to provide a safe and secure environment for those interested individuals to play in. Fortunately, gambling is already slowly being introduced in Japanese mainstream media. It’s only a matter of time before everything falls into place for legalization.

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