UIGEA Hurting, Not Helping

When the Unlawful Internet Gambling Enforcement Act was first passed, the National Horse Racing Association was thrilled and supportive. It had clauses in it that while making internet gambling illegal, it made horse racing legal across country and state lines. This essentially gave the industry a monopoly on betting in many parts of the country.

The industry got special dispensation because of all the money they put into politicians coffers each year. They told the politicians what they needed them to do, and they did it. However, it turned out that it wasn’t all it was cracked up to be for the industry.

They are having just as many problems with their customers using local and off shore banks as online gambling is, and it takes much longer to place bets because of it. Many of their previous customers are dropping out right left and center because they don’t want the hassle that they have been going through since the law was passed.

What they need to do is to legalize online race wagering for foreign operators, and lower their take. They also need to provide free online videos every day so that people can pick based on what they are seeing. This way it is always at the forefront of gambling. They also need to keep horse racing in the news, because people see that and think it is still a viable industry.

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