Online Gambling In Florida Could Soon Be Legal

ONLINE GAMBLING IN FLORIDA COULD SOON BE LEGAL

02nd November, 2010 at 07:51:13
Source: http://www.azonlinecasinos.com

If Passed The Bill Could Generate The State Over 200 Million Dollars In Year One

A bill has recently been proposed in the state of Florida which would enable the state to regulate online casino games in a "casino hub".

Not too long ago this bill would have been instantaneously rejected, as any backers would have been labelled as irresponsible, tempting its citizens to be plunged into debt, further ruining the state's economy. However, a lot has changed in recent years with regards to online gambling in the U.S.

The main reason for the change is that governments are realising their citizens are going to continue to illegally gamble online and that each state might as well benefit from the hundreds of millions being wagered by them each and every year.

One million Floridians reportedly partake in illegal online gambling activities each year.

More than $200 million (124.5m) is expected to be generated (solely in Florida) within the first year of this bill being passed. After the first year, an additional income of $100 million (62.2m) could be generated in each following year.

The hub would be regulated by the state of Florida and any company wishing to operate such gambling games would have to pay a licensing fee. A discounted fee would be charged for those wanting to be part of the affiliate program.

Slot games are currently not included in this bill but could be considered in future bill amendments.

Although the state wants to profit from its residents' online gambling, it still has a duty of care and would want to ensure that all its users are of legal gambling age and that all depositing and withdrawal methods are as secure as possible.

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