US online gambling legislation could generate over us$ 60 billion

10.01.2010, A recent study from Kenilworth Systems Corporation (KSC) has stated that the American online gambling industry could stand to generate us$ 63 billion. The report comes at an opportune time, shortly after the implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA) was pushed back from December 2009 to June 2010.

It is already common knowledge that legalizing online gambling in the United States would generate a great deal of revenue. What isn’t known, however, is the large scale on which online gambling income would be produced. A recent study has delved into this question, and Kenilworth Systems Corporation (KSC) has stated that the American online gambling industry could stand to generate us$ 63 billion.

The report reveals the results of Sosua Bay Grand Casino’s real-time roulette game, which allowed remote betting on the roulette table located in the Dominican casino. Over the course of six months, thousands of remote players placed bets on the roulette table, generating a great deal of income over the course of the test.

The report comes at an opportune time, shortly after the implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA) was pushed back from December 2009 to June 2010. Now, supporters of the Internet Gambling Consumer Protection and Enforcement Act have more time to bolster their case.

The IGCPEA would not only legalize online gambling; it would also tax and regulate the market, allowing the entire industry, including players and operators, to be protected against illegal activity. From this taxation, is where the us$ 63 billion estimate has been derived from, prompting the KSC to push its support of online gambling legislation in America.

Yogonet.com / Online-Casino.org

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