We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Economic Impact of Legalizing Online Poker - Research Paper Example

Comments (0)
Running Head: Economic Impact of Legalizing Online Poker Economic Impact of Legalizing Online Poker Table of Contents 1. Introduction Neither poker nor opposition to poker is a new occurrence. From their individual idealistic vantage perspectives, leftist critics have always considered poker as an economic impediment “around the neck of the working classes” (Skolnik, 2011) whereas social traditionalists carry on considering poker as a ethical sickness whose agonizing symptoms extend fatally all over civil society…
Download full paper
Economic Impact of Legalizing Online Poker
Read TextPreview

Extract of sample
Economic Impact of Legalizing Online Poker

Download file to see previous pages... For instance, efficiency gains along with improved disposable earnings have given customers additional time for relaxation and entertaining activities. Besides, altering socio-demographic traits have worked as stimulants to customer using money on poker and other gambling activities. A latest as well as broad study of the economic costs and gains of legalized poker showed that the net economic gain was equal to 4.2 billion USD during 2010, up from 2 billion USD during 2000. Government profits obtained from government-owned lotteries, casinos, and VLTs increased from less than 500 million USD during 2000 to 2.1 billion USD by 2005, and arrived at 8.7 billion USD during 2009. Between 2002 and 2007, entire gambling profits for local governments raised from 2.2 billion USD to 5.1 billion USD (Mallios, 2010). Largely, the fraction of profits obtained from other gaming activities as well raised in this phase. 1.1 Existing State of Regulation Even though a few types of interstate poker are specifically prohibited in federal law, states may permit participants inside the state’s limits to participate online. Quite a lot of current lawmaking plans - on both the state as well as federal levels - are trying to modify the nature of online poker. The economic impact of these federal plans would rely on the particular components of the suggestion eventually implemented, but the possibility is there for a national bill to obstruct the state’s capability to authorize and indict a payment on online poker actions. 1.2 Level of Gaming Industry in US The gaming business has acquired presence in US during recent years, mainly because of the escalating ethnic gaming business that created by the “passage of the Indian Gaming Regulatory Act” (Chambers, 2011). During 2010, more or less 70 tribal casinos along with 95 card rooms functional in California only provided jobs for almost 55000 and 15000 locals, respectively. With workforce of 70,000 workers, the gambling business is similar in size to businesses like “Transit & Ground Passenger Transportation or the combination of the Mining and the Power Generation & Supply industries” (Chambers, 2011). In addition, these services raised 9 billion USD and 950 million USD in gambling profits during 2010. Actual casinos as well give taxes and fees to the government. Whereas comparatively small piece of information regarding the general net fiscal effect of these businesses is accessible, a recent study showed that United States tribal casinos raised more or less 9 billion USD for profits, of which the State got around 400 million USD from tribal poker compacts (Anderson, 2011). Some time back, the finance department reported that the state collected 200 million USD in General Fund profits from poker during year 2010-11. Besides, card clubs paid the state approximately 7 million USD for licensing fees during 2009. While it is noted that a fraction of these profits are utilized for lessening of poker related expenses as well as regulation of the gaming business, overall, this industry gives around 400 million USD per annum in revenues to the state. 1.3 Case of Online Poker Online gambling sites offer a range of ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Legalizing Prostitution
According to Daley (p.48) prostitution may be referred to as the practice of indulging in sexual acts for money. There are some countries, around the world that have legalized prostitution but, some perceive it as an immoral act that should be avoided. There are many reasons for not legalizing prostitution.
8 Pages(2000 words)Research Paper
Legalizing Marijuana
Others argue against any kind of legalization of marijuana as they consider it as promoting drug use in the society. Both parties do have their own views with regards to the issue. In this paper, this particular ethical issue has been discussed in detail through some studies and reports conducted before.
8 Pages(2000 words)Research Paper
Environment vs Economic Impact
Economic activities refer to all activities involved with the generation of income to the community and population in large for the enhanced livelihoods and improvement of living conditions among the people. People work very hard to obtain a living while others work to increase their wealth.
5 Pages(1250 words)Research Paper
Hemp economic impact and legalization
The legality of hemp usage varies from country to country basing on the economic impacts the plant has on the individual country. Most countries the regulatory status of this hemp, basically depends on the amount of tetrahydrocannabinol that the plant was bred in if it’s low or high and the health/ environmental effects.
6 Pages(1500 words)Research Paper
Economic impact
In fact, in high-income generating economies, aggregate demand for coffee is nominally influenced by a change in price; in effect it would be proper to say that industrialised nations pose a relatively inelastic demand for coffee. USA is a good example
5 Pages(1250 words)Research Paper
Legalizing marijuana
The continued prohibition on the use and production of marijuana is still the best course of action for the United States by looking at the
9 Pages(2250 words)Research Paper
There are many forms of gambling which include buying lottery tickets, online gambling or betting, playing cards, rolling dice for chance, playing in casino, slot machine, betting on sports, betting on horse racing and many other
8 Pages(2000 words)Research Paper
Online poker
In doing so, not only will these illegal activities be put to an end, moreover, the government shall be benefiting from the decline in crimes prone to home run poker games such as underage and problem gamblers
1 Pages(250 words)Research Paper
Legalizing Marijuana
Legalizing medical marijuana unexpectedly opens new questions about its history and use with a mixed reaction received regarding the harmful effects of marijuana. This was their strongest argument against using it .They thought it was addictive and it would encourage
6 Pages(1500 words)Research Paper
Probability and poker
Because gambling is legalized in many countries, the number of people engaging in these activities has increased. For all gamblers, there is the
10 Pages(2500 words)Research Paper
Let us find you another Research Paper on topic Economic Impact of Legalizing Online Poker for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us