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Online Gambling’s Billions are Illegal

United States lawmakers recently decided to make online gambling illegal, and President Bush signed off on it. The Unlawful Internet Gambling Enforcement Act of 2006 made it illegal to have online gambling sites that are based in the U.S. It also made it illegal for banks to supply funds to gambling sites, whether US based or abroad – and people are not allowed to play the online slot machines or poker.

So, instead of that closing down the industry, it simply moved it offshore. Gambling sites now make their headquarters in other countries and US players use offshore banks to fund their playing. All of the business is being done in foreign countries, but the gambling is still being done by US citizens.

Some say that the original reason that the government chose to ban the online gambling industry is because children are now able to play, and there is no way to help those that are not playing in person if they have an obvious gambling problem. They say that personnel in the casinos are trained to lookout for those with problems so that they can get them help – online no one is watching but you.

Most states are trying to get a handle on it locally, and some local FBI offices think that they pretty much have it under control – they say that they don’t have a big problem with it. However, if no one admits to having a big problem with it, then why is it illegal? After all, if no one is playing, then the $10 billion that the industry is supposedly making isn’t really true and there is no need for a law saying that it is illegal.

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