Barney Frank’s bill is garnering more and more support

Goldman Sachs admits that the US will legalize online casinos

2009-07-01
Reading time 33 seg

The latest show of support, or maybe not support but just good old common sense comes from Goldman Sachs. In their latest note to investors they predict that the US will regulate and legalize the Online Gambling industry.

"We believe it is logical to assume that the US market will eventually regulate," wrote Goldman Sachs in a note to investors, "given the potential implications for US tax take, if nothing else."

It seems that the next step will be to let various States legalize online casino and Poker and see what happens before a Federal level change. This makes some sense but it will create a system where the rules for both the players and the operators are different from state to state, this will then make it even more complicated to bring in a Federal mandate for the regulation of Online Gambling.

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