Ever wonder why many states and countries try to legislate and allow online casino and gambling in their regions? As we observed, more and more countries are trying to establish and expand through online gambling industry in their own jurisdictions, as if it is like already a form of tourism.
According to a report written by Richard Tyler in UK Telegraph, online gaming innovations have played an integral part in recuperation of other countries and states that was affected by the global recession.
He also stated on his report that because of such innovations, it has more likely to link and became related to economic growth and stability.
United Kingdom (UK), being the most popular online gambling markets in the world, with hundreds of operators under their jurisdiction, have helped boost their own economic growth and was able to at least distance themselves from the said global recession that hit many countries, especially USA.
UK is the first country to truly embrace the prospect of online gambling inside their jurisdiction, believing that it would help them to a new head start and would soon emerge as the largest in the gambling industry. And because UK provides an online gambling hub for different operators around the globe, they are attracted to this which results from other operators to establish their own in the region, thus largely contributing to the country’s economic growth.
Due to technological innovations that online gambling has brought about to the country of UK, with every activity regulated and such operators are taxed, the UK government earns a large amount of tax revenue coming from these online gambling operators. Such belief was followed and introduced to other countries all over the globe, especially in some regions in the USA.