Why so many states are legalizing gambling?
Lawmakers in many states are pushing to legalize gambling and reap the financial benefits. With a stagnant economy and dwindling tax revenue nationwide, it’s no surprise that states such as Pennsylvania, New Hampshire and Massachusetts are considering legalizing gambling.
Gambling is often seen as immoral or unfair, but in the United States of America there's not much legal standing preventing individual states from legalizing these activities themselves: “States have plenary power to regulate intrastate commerce … which includes regulating gambling within the state” (U.S Supreme Court).
States who legalize casinos find a new source of tax revenue that could be used for public schools, infrastructure or other civic programs for residents who might not be able to afford them otherwise.
Mississippi is the only U.S. state that does not sanction gambling, but even within that state there are many casinos and gambling opportunities. Along the Mississippi River, for example, there are casinos including Harrah’s and The Greenbrier located in West Virginia, while across the river is Pascagoula where there is a casino as well as a racetrack with casino-style furnishings. The cities of Biloxi and Tunica both have casinos on their waterfronts, and on the Mississippi Gulf Coast sits Gulfport with its casino and riverboat casino along with a hotel.
In 1994 Mississippi passed legislation allowing slot machines at horse/greyhound tracks as well as in casinos. In order to promote the state’s $1.4 billion gambling industry, Mississippi offered tax incentives to casinos and racetracks.
Of the 20 million Americans who are estimated to play slot machines, more than 70% of them are in New Jersey, Nevada and Pennsylvania. According to a study by Lawrence Berkeley National Laboratory, Nevada benefited from the casinos at least $5 billion in new revenue since 2007 from expanded casinos and other gambling establishments. As for Pennsylvania's three different forms of gaming – horse racing, riverboats and casino – the state had an economic impact of nearly $10 billion in 2015 according to a study by Radnor Economics and Gaming Policy Associates. The revenue generated by these casinos accounts for less than 10% of the state's total revenue but they are enough to keep the operating deficit in check.
The first casino in New Jersey, Resorts Atlantic City, opened in 1977 after it was approved by a referendum. New Jersey has four casinos while other states, such as Delaware which has three casinos, may have one. Nevada and Pennsylvania both have more than one casino each while on the eastern shore Maryland and Delaware have two each. In Maryland and Delaware the only form of gambling is at race tracks and off-track betting parlors with no new casinos or gaming opportunities currently proposed. There have been proposals for casinos to be built on Indian reservations in Connecticut, Rhode Island, Massachusetts and Vermont.
In some states like Pennsylvania and New Hampshire, the casinos support local charities. In states such as Mississippi, North Dakota and Tennessee gambling is restricted to state-owned facilities. Some of the benefits of legalizing gambling include the ability to regulate smuggling, underage gamblers and problem gamblers (Gambling).
Title: A few tips about online betting
This is a book about online betting but if you are an avid reader then you might want to know other ways you can legally make money from sports betting.
If you are interested in making money betting on sports online, you have to understand the risks involved with each sport and make sure you know how to protect yourself.
When new sports gambling systems are released in a new market, it is very important to find out who is behind the system. In 2008 Ben Donato from New Jersey was arrested when he promoted his free sports betting system on television. This system was actually stolen and was not his own work of art; it was the work of a team of crooks who had already infiltrated the market. For those who want to make money from online sports betting, be careful of those who would like to take advantage of them.
A few advice points for making money from sports betting:
· Understand the risks involved with betting on the internet.
· Only use the sportsbooks at trusted bookmakers and do not bet with bookmakers who are not as well known. For example, Betfair is a very popular sportsbook but they are less trustworthy and may be more inclined to offer bad service. William Hill is one of the most reliable online bookmakers but they are also not that popular due to their services being associated with illegal gambling in the past.
· Choose your bookmakers carefully. For example, the sportsbook at Betfair is known to be very fast but only offers a limited selection of sports that are available at other bookmakers.
· Ensure that you use a secure password to log in and protect your betting account with an extra layer of security (if you are using an online sportsbook).
· When placing bets over the internet, make sure all requests are made via the official website of the sporting event; if not then transactions may get lost. This is important when placing bets over international markets.
Conclusion:
There is no doubt about it, gambling has been around for thousands of years and will continue to be around for many more. It is something that not only provides entertainment but also gives us a chance to turn worthless pieces of paper into valuable assets, or even into the financial freedom we have all been dreaming about. However, so many people just throw their money away in the hopes that they will win big but if this is not enough then you should always check our website to see if we have a system review about any new sports betting systems you are interested in.