US to legalise Online Gambling?

Top American Investment Bank – Goldman Sachs – has predicted that online gambling will eventually be legalised in the United States.

According to a note which was sent to investors the current online poker and online casino market could be worth up to $12 billion. This sum is far too large to be ignored and could have massive implications with regards to Tax Revenue.

The note went on to further state that "Were the market to be legalized, we believe that the size of the revenue opportunity could increase materially... Based on an assumption of 30% penetration of offline poker players and $300 gross gaming revenue (GGR) per player, we estimate that a legal poker market could be worth $3bn."

This should be good news to US Congressman Barney Frank (D – MA) who has been fighting to overturn the laws imposed on internet gambling by the Bush Administration.

What is your view? You’re the players and your opinion counts! Do you think the US should legalise online gambling? Please note that although American players are currently not allowed to access the JackpotCity.com online casino software we would very much like to hear your views!

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