25 05 2013
Pros and cons of legalizing online gambling
-Online gambling such as SBOBET is an activity of using internet to bet on different games like sports games or casino games and many other games.
-This is basically done by use of credit card accounts for placing bets and paying wins and losses are collected.
-These gambling activities are done by going to internet casinos.
-The following are types of online casinos:
-These casinos are found in countries outside United States and the countries must have license to manage an online gambling site. United States is where the internet casinos are operated but are not based there.
- Customers go to internet casinos that provides them with provides them with options of games of which they choose from. They then register by opening an account and the money is deposited using the credit accounts, wire transfer or money order.
Advantages of legalizing online gambling
-The internet provides gaming operators with a good platform to advertize their gaming activities as a form of business competing with other operators in the world. It has been a huge business in the U.S.
-The internet is able to reach many people and therefore providing a large scope increasing the operators’ income.
-The countries that allow online gaming have been receiving a lot of benefits over the years.
-this type of gambling has been there for many years (like 16 years) and legalizing it now is a good thing in embracing technology.
- It creates revenue and tax to the countries that will legalize it thus boosting the economies of the states.
-There are laws that are passed before legalizing online gambling which help in the regulation this type of gambling.
-Since people will continue gambling whether it is legal or not, legalizing it will help the states to tap the taxes and revenue from it.
-It has been thought that those online gambling is safe and is done responsibly
-Other countries have legalized it and have never reported problems with it.
-There is a lot of financial crisis in many states and online gambling provides solution to raising revenue to pay retirees and the civil servants.
-Ability to control online gambling by putting in place requirements and giving out licenses for gambling.
- Legalizing this activity enables the states to manage gambling addiction.
Disadvantages of legalizing online gambling
-Gambling may become a habit leading to addiction thus the individuals not able to do without gambling. Therefore gambling affects lives.
-Online gambling may lead to depression when individuals loose.
-Before a common ground is established, it will take a long time. This is because there is no technology that enables one to know where someone is playing from.