Analysts Increasingly Buying Into US Online Gambling Regulations

First it was the millions of online gamblers in the US that were excited about the prospects of being protected by the US government. Now, analysts, one by one, have started to come around to the idea that Internet gaming regulations are much more likely than not for the country in the near future.

Fitch Ratings, a credit ratings agency, has become the latest company to come out and claim that online gambling regulations are likely in the coming years. The push is on from lawmakers all across the country, and the momentum is building towards regulations.

"Multiple states have been considering intrastate online gaming proposals," read the Fitch report. "new federal proposals are being discussed, and the budget outlook at both state and federal levels remains strained." The report went on to say that online gambling regulations in the US at one level or another are, "increasingly likely."

Massachusetts is one of the states that is just catching up to the rest of the nation when it comes to land-based casino expansion. Governor Duval Patrick ran his campaign several years ago on the promise of bringing casino resorts to Massachusetts. To date, Patrick has been unsuccessful in delivering on his promise, but lawmakers continue to work on gambling legislation.

Other states have started to progress from land-based casinos. New Jersey, which has long been a casino mecca in the US, had lawmakers pass the first-ever online gambling regulations law at a state level, but the legislation was vetoed by Governor Chris Christie.

Massachusetts political leaders have stayed mum on the state becoming one that will seek online gambling regulations. Governor Patrick, along with House Speaker Robert DeLeo, and Senate President Therese Murray, have remained focused on bring casinos to Massachusetts in recent months.

On a federal level, Representative John Campbell has proposed a bill that would regulate online poker in the nation. The bill already has the support of many Democratic lawmakers, and Campbell, a Conservative, is working on building support for the legislation within his own party.

April 12, 2011
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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