Online Gambling: Should it Be Legal?

Online Gambling: Should it Be Legal?

I consider myself to be an average person. I have hobbies and interests, one of them being poker. I have a few friends that I get together with to play the game. I also like to play online. I usually only play in the tournaments that cost no money to play, but I also will occasionally get in a cash game. The buy in is what I consider to be low, a dollar or two at the most. The pay out is also very minimal, I don’t think I have a financial future in it. But, it keeps me out of the bars and out of trouble.
Recently, I attempted to join a new online site and was informed that due to legislation instigated by the Bush administration, I would be denied access to any real money games. I was a little shocked. I am not a problem gambler. I pay my taxes and claim every cent of income at tax time. Why is this a problem?

I guess I understand the reasons why it is not legal. Some say that millions of dollars are flooding out of the US, unregulated and untaxed. I would be inclined to agree. However, Americans should still have the right to spend the money that they earn any way that they choose. I also understand not every American spends wisely at every moment in their life. Big deal. We are inclined to make mistakes, it’s in our nature. Not to mention the fact that it is often mistakes that teaches us to change our behavior. Not everyone has the extra money lying around to gamble with and those are most certainly the people who should avoid such hobbies.

Personally, I don’t see the harm in it for those who can play in a responsible manner. I don’t wager large amounts of money and it doesn’t affect my financial well being. I could pull more money from my couch after a few friends stop by compared to what I’ve won. None the less, I love the feeling of winning a huge pot of chips, knowing I out-played my opponent. The pressure that builds surrounding even the lowest stake game can be incredible as the cards are slowly turned over by the dealer. For me the game is more about wits than money. The thrill I get from playing poker is one I wish to continue to have.

The way it stands now, Americans are limited to traveling to the usual places to wager, Las Vegas, Atlantic City and where I live, casinos on Native American reservations. Some of us don’t have the time or the means to travel to these places, that doesn’t mean that we don’t want to try our luck at a hand or two of poker. To me, that’s just not fair.

If online gambling was legalized in the states, more than one thing could be accomplished. I think a serious amount of revenue could be generated from tax dollars collected from the online casinos. Other programs could be subsidized, dollars could go to reducing the national debt, well, I think you get the picture. I feel as if the pros out-weigh the cons. I think America could seriously benefit from allowing the indulgence in this time-honored tradition. Don’t you?

Online Gambling Trends Around The World

Online Gambling Trends Around The World

Our first trend is that of online gambling. This is a trend that is extremely topical and is also extremely relevant to the Sports, Entertainment, and Event Management industry. In particular relation to the Sport and Entertainment industry, there is plenty of betting in sports from both fans and the athletes themselves. As a group we have decided that this trend is primarily economic, but secondary a Sports and Entertainment trend. The two articles we have chosen focus on the recent legislation for a U.S ban on Internet gambling singed Friday 13, 2006. The exact ruling is to ban financial payments to offshore accounts and websites. The reason we choose these two articles because it is a significant change that has occurred recently. Also it heavily affects the SEE industry as many of the bets were placed on sports. We also thought the fantasy waging was interesting and how that relates to bets with actual money.


On October 13, 2006 it was announced that British betting company Sportingbet has sold its U.S operations to an Antigua based company for $1. The move came just hours before the U.S ban on internet gambling recently signed by President Bush. Although it seems ridiculous to sell U.S operations so cheaply it has allowed the company to offload $13.2 million of debt and save the company $14 million on shutting down expense.

The second article we choose as a group was written on October 19, 2006 and is about fantasy wagering websites and is entitled Not So Risky Business. We think this article ties in very nicely with our first because it gives the American consumer a new no risk option. The websites work the same way as regular gambling sites, but no money changes hands. Agenbolabagus.com allows it members to challenge others to wagers on sporting events with the winner collecting points. These points can be later redeemed for prizes such as Plasma TV’s and iPods. This fantasy gambling continues to exist because there is a loophole in federal legislation if there is no actual money involved. Sites such as agenbolabagus.com allow users to gain information they can then use for real bets with offshore sites.

We think this trend and these articles are fairly well related to the Strategic management process. We think that this especially relates to the first article on Sportingbet. In the planning stage as they have made a quick decision to pull out of the U.S market. If such quick decisions were not made they would have been left with huge debt and expense to shut down. Our second article also relates to the Strategic management process in a similar way because they are taking advantage of a loophole to ensure these sites remain open.