I started paying attention to the goings-on because my husband’s new job is with a payment company. Most interesting thing to note: his days off do not coincide with the rest of the world because those days are high shopping days and he must be at work to monitor things etc.
In any case, the large majority of their business is with retail but they do have a solid amount of companies that do wallet transactions, meaning, they remove money from your account and ‘hold’ it until you use it and then deposit it, in this case, at the gaming site. One of the main reasons these wallet companies exist is for online gambling.
Should online gambling be regulated or outlawed? What is wrong with the way things are right now? I’m not sure I see the problem. But if there is a problem, it makes much more sense to me to regulate and tax the gaming than to prohibit it. Didn’t we learn anything in the 1920s?
I hate Vegas because I can smell the desperation 30 miles out. It is a law in my family that we DO NOT STOP in Vegas no matter if you have to pee like a racehorse or if you are starving. I am not a gambler. I can count on one hand the times I have inserted a quarter, pulled a level and kissed my money goodbye. I have never signed up on an online gambling site and I have no plans to. I do not enjoy it and I do not see that changing any time soon.
However, I do see the propensity for problems with gambling. I am aware that there is a large amount of senior citizens in Vegas that gamble their entire SS checks the minute they get them every month. I understand that it can be an addiction. But to argue your point saying that 1 in 4 college-aged boys gambles online weekly and that we need to save them from themselves and then move from there to making it illegal makes no sense to me.
I think my main issue with the idea of making online gambling illegal is that this bill doesn’t actually do that. It is set up to penalize the ‘wallet’ companies that hold your money. This bill makes it illegal to be that company and do that act. The gambler will not get in trouble. But, the gambler may lose the money deposited in his account when the company he uses to hold his money gets nailed. If he does get it back, it will be after a long time.
My second issue is the hypocrisy of having a Lotto here in California that supports our schools, that is advertised on television and radio, that our government COUNTS on to subsidize costs to educate our children and then on the same coin passing this bill. So, it’s ok to gamble, but only if you do it the way we want you to. Is that the message? And if so, then regulating and taxing still makes more sense than prohibiting it.
Do you agree or disagree? What am I missing?