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US could make USD42bn from online gambling
By
Editorial
Mon Nov 9 2009, 08:50 AM UTC
A recently published Congressional report estimates that regulating online gambling in the US could raise USD41.8bn in government revenues over a ten-year period. Congressman Jim McDermott predicts it is "only a matter of time before Congress appropriately moves to regulate the industry in order to protect consumers". He also says that those "on the fence" would be won over by the fact that these revenues could be spent on any number of positive causes.
A regulated market is most likely to protect the millions of gamblers in the US who play unprotected and are at risk of falling victim to scams.
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