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Sports betting has been wrought with controversy lately, due mostly to the recent "Unlawful Internet Gambling Act" passed by the USA. This act essentially bans all financial institutions and banks from processing transactions to any off-shore online sportsbook.
The result of this new law has produced fallout all over the online gambling industry. Many mid range to top level sportsbooks have closed shop or discontinued catering to US clients. If they chose the latter, they quickly found out that most of their business came from USA, effectively putting them between a rock and a hard place.
Ultimately, the issue comes down to the morality of online sports betting. In all honesty, online gambling can be highly addictive and financially devastating for those who can not control their behavior. Additionally, many professional sports agencies and marketing groups fear that sports gambling will "dirty" the game of football with kickbacks to dishonest referees, bribery, and mob activity. It is a known fact that these types of problems exist in the industry, although not as rampant as morally superior lawmakers would make you believe.
9 out of 10 of all popular online sportsbooks are reputable. For the most part, they pay out on time, offer fair gaming odds, and are extremely convenient for those wishing to make their Sunday afternoon a little more enjoyable with a friendly wager. Not every sportsbook is out to screw the customer, nor are they financially tied to the Italian Mafia. Let’s face it, America loves gambling in all forms: lotteries, Native American Casinos, horsetracks, and more area all avidly enjoyed by the majority of all Americans.
So, given this fact, what can be done? The answer is very simple. The USA needs to regulate, license, and tax online gambling. By installing some sort of internet gaming authority and/or regulatory body, the gaming industry would surely flourish and rid itself of any unsavvory elements. Organized crime is not interested in dealing with the government, nor honest businesses either.
Until that happens, however, many will continue to considered off shore gambling evil vice, while at the same time enjoying slots, horse racing, and blackjack at their local casino.