PriceWaterHouseCooper believes online gambling could aide US economy
27th February, 2009
According to research carried out by PriceWaterHouseCooper, the regulation of internet gambling could be key in helping the US economy in this difficult economic climate.
According to the study made by the accountancy firm, the US could stand to gain $52billion if online gambling were legal and regulated.
Whilst a move to legalise online gambling in the US will not gather much support from members of the far right, judging by a recent election, it seems that the rest of America is in favour of change.
"Americans have spoken out and what they are saying is that they want the right to legally gamble online. No matter what laws are passed in the US, it will not stop Americans from spending their leisure time at online casinos,' said observer Neil Schwartz.
The study carried out by PriceWaterHouseCooper confirms what Schwartz believes. It appears that the estimated amount that the US could raise by regulating online gambling has risen by 22% over an estimate from 2007. This means that people in America have been gambling online regardless of the actions taken by the US government to stop it.
Representative, Barney Frank is preparing a bill (based on another version of a past bill) to eliminate the UIGEA (Unlawful Internet Gambling Enforcement Act) and regulate internet gambling. Frank hopes that this time the he will be more successful in his efforts.
By Annabel
