Wall Street Journal Quiz: Should gambling be legalized in the US? 82.4% of respondents said…yes!

We took the quiz. Guess what the majority of respondents to this WSJ online quiz, in response to recent news in the gaming space said?

Lawmakers in some states are pushing for bills that aim to steer around federal laws prohibiting Internet wagering. For instance, New Jersey lawmakers are expected to soon decide the fate of a bill that would let Atlantic City casino companies run gambling websites for state residents. Since gambling itself is not illegal, should the next step be to legalize gambling websites?

This is not surprising, considering the enormous upside, financially, to do so. And, if and when this change in the laws governing online gambling change, what are the U.S. based businesses and gambling outfitters going to need to do to stay compliant when we do eventually go this route? Put IP geolocation data to work to help them meet government requirements for regulating online gambling, state to state.

In her article entitled ‘States Make Play for Web Gambling’ WSJ writer Alexandra Berzon addresses the latest pros and pitfalls of these potential legislative changes. The article says “The first real test of the state efforts comes this week in New Jersey, where Gov. Chris Christie is expected to decide the fate of a bill that would let Atlantic City casino companies run gambling websites for state residents. “

The bill would make New Jersey the first state to sanction online gambling. The Republican governor, who has until Thursday to veto or sign the bill, hasn’t publicly stated his stance. And, once the first brick is laid, we expect there to be more to follow, stacking up right behind New Jersey, to collect much needed tax dollars to help subsidize the deficit that so many states face across the U.S.

We have been monitoring this industry for a long time in EMEA, and will continue to do so in the U.S as well. Please do not hesitate to contact us to have a conversation about what this could mean for your business, if you “play” in the gambling or gaming space. info@quova.com