Is this the end for online sports wagering and internet poker?
On This summer 11, 2006 the house Of Representatives approved a crackdown on Internet betting that would ban not only sports wagering but also internet poker PKV and casino games. Once again big brother is warming up their political muscle and dictating to the American people that they know what is best for them. The particular though, is that the You. S. Government does not have a submit this cash cow quiche. They can not regulate it, they can not make money from it and therefore they need to abolish it. This is a variable thousand dollar industry that the You. S. is simply not a part of.
The outcome of removing a variable thousand dollar industry from society are so vast, that one could not possibly comprehend the entire aftereffects that would occur should the ban become law. People who bet on sports will continue to bet on sports. We will definitely see an increase of underground Bookies. You know, the inventors in the back of the pizzas shop with 25 phone lines buzzing off the hook. Perhaps we will begin to see more organized poker games in the back room of your local pool arena. Maybe your neighbors will set up a mini casino in the underground room of his home and invite you over for some Baccarat. These are all credible scenarios. None that are desirable or healthy for society. The point is people who enjoy betting will find a method to gamble. The You. S. Government is just making it dirtier for them to do so.
The real impact will be felt by those who are directly and indirectly associated with online sports books, casinos and poker rooms. These are some huge Companies with some huge marketing budgets. Millions upon huge amount of money are spent on their web marketing campaigns alone. Search engines such as The search engines will suffer an enormous loss of revenue should this bill become law. There will be no need for these companies to advertise in newspapers or magazines, on the radio or television. All the revenue generated through these companies marketing campaigns will disappear overnight.
There are also thousands of site owners on the internet that feed away from these Online betting houses. Many of which make their living through affiliate programs that many of these poker rooms and sports books offer. It will be these Online entrepreneurs which will be affected the most. Not only will they lose the revenue that is generated through online betting but they will lose whatever they have bought the development, optimization and advertising campaigns associated with their websites.