Business Wars In The Market Place; Online Gambling Vs The Gaming Industry In The Us
Posted on February 1, 2008 - Filed Under Legal and Law | Leave a Comment
The war between online gambling and the US gaming industry is getting heavy, as the government is intervening now. Why? Simple, many states receive a lot of revenue from the gaming industry. States like Nevada, Alabama and New Jersey and without this tax revenue they will have severe budget issues.
You might recall that the New Jersey Governor used threatened to close the NJ Atlantic Casinos if they state legislature did not come up with a budget. How much do states rely on this money? Well in NJ it is nearly 2 million dollars a day in tax revenue. See the point.
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