Casino Gambling In America Up Nearly Seventy Five Percent

The United States government is trying to deter people away from online casino gambling. Certain politicians, such as Rep. Barney Frank, realize the need to regulate an industry that could bring in billions of dollars.

Any politician who is opposed to what the expanded legalized gambling can do economically for the country, need look no further than casino gambling figures released by the American Gaming Association that were released Wednesday.

The report indicated that nearly twenty five percent of Americans visited a casino in 2007. It also revealed that those gamblers lost $34.1 billion. That figure is up almost seventy five percent from ten years ago.

Individual states are coming around to the idea that gambling revenue can help make up for budget deficits. Many states have legalized casino gambling in the past several years, with many more at least discussing the issue.

In Washington, however, the government is trying to keep online casino gambling from being regulated. They are putting restrictions on banks from dealing with online gaming operators, and are handcuffing these financial institutions.

Frank has introduced a Bill that would start the process towards regulating the industry. Money that could be generated for the government could be used for better health care, and the creation of jobs for struggling Americans, among other things.

AGA Chief Executive, Frank Fahrenkopf, echoed the sentiments of many Americans, "In looking at the last decade, it is evident that we are not only an economic force on a national level, but that we are major players in the local communities where we provide steady jobs and economic development."

May 18, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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