Professor Kindt Proves Frank's Point On Internet Gambling In US

Professor of economics at the University of Illinois, John Kindt, may have been trying to slow some of the momentum for regulated Internet gambling in the US, but his remarks gave more proof as to why regulations are needed.

Representative Barney Frank is leading a charge to overturn the Unlawful Internet Gambling Enforcement Act, and he may have found an unlikely ally in Kindt.

"With Internet gambling," said Kindt, as reported on citizenlink.com, "people would just be dumping money into their computers and those funds are just flowing offshore to other countries."

Indeed, that has been one of Frank's talking points all along. The US is considered the top online gambling market in the world, and under the current system, only companies from outside the US are profiting. Frank believes that by regulating the industry in the US, the money generated would stay in the US.

Others have countered Frank's opinion on Internet gambling with one that claims that underage gambling would become more prevalent. There is no evidence, however, of this being the case. Several experts have said that there are effective ways of monitoring age limits for gambling transactions.

Focus on the Family has been a strong opponent of Internet gambling regulations, even though many believe that a regulated online gambling industry would provide a safer gambling environment than the one that currently exists in the US.

Some of the largest land-based gaming companies are starting to understand the need for Internet gambling in the US. Harrah's Entertainment has launched Caesars Casino Online, which is currently serving customers outside of the US. Should the laws change in the future, Harrah's will be in a position to begin accepting US customers, once they become licensed to do so.

December 8, 2009
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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