U.S. Billionaires Gamble on Online Casino Regulation
Looking at finally legalizing online gaming at either the state or federal levels, America's richest investors are jumping into the games. With billionaires like Donald Trump seeing a goldmine in the potential profit of online casino websites, investment dollars are backing a D.C. lobbying move to regulate online gambling. The world's largest online games market has long been in the United States, even though online casino websites have been barely skirting the legalities with much disapproval of the Department of Justice.
The Trump Organization spokesperson and executive vice president, Ivanka Trump, sees regulation as a tremendous opportunity for jobs and taxable revenue. "It's just a matter of time," says Ms. Trump, whose father's entertainment company has long held casino licenses.
Legalizing online casino games has been a state and federal debate for years. Most players realize that gambling and playing online isn't what the debate is about, it's about the legal process of money transactions, who has the right to do them, and of course, taxes on the winnings. While it's not illegal to play the games, the federal and state governments wants regulation on the way winnings are handled.
With the richest of Americans seeing the soon regulation of online casinos, states strapped for cash hope that the regulation will bring in much needed state revenue. Americans wager billions of dollars yearly in online casino gambling.


