Online gaming would create new jobs
Tuesday, April 27, 2010
Online gaming would create new jobs
According to a report by Kevin Bogardus of publication The Hill, online gambling would create new jobs:
Study: Online gaming would create new jobs
Pro-gaming lobbyists are highlighting a new study that shows legalizing online gambling could create tens of thousands of new jobs over five years.
(more)
Pro-gaming lobbyists are highlighting a new study that shows legalizing online gambling could create tens of thousands of new jobs over five years.
(more)
For the study this report is based on, see H2 Assesses the Economic Impact Internet Gaming Regulation in the United States
The report estimates a tax windfall of 57.5 billion over five years. Assuming tax at a heavy 40%, this would require a profit to the online gambling industry of around 150 billion, or 30 billion a year.
Whenever I read these reports, by industry-financed online gambling lobbyists, about the taxation utopia that legalised online gambling would bring to the USA, I always immediately wonder why the vastly greater financial damage to the people themselves is never placed in the equation.
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Yup, strangely they always forget the costs. Both direct and indirect. Have never read a decent study were gambling would have a positive effect on the economy.
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