Tuesday, October 03, 2006

A Comment Response

In response to my most recent post Tim commented "My cynical take is that some of these folks are less worried about Mrs. Jones gambling away all her savings and leaving the family on the street, and more worried about the effect the growth of online gambling is having on the casinos in their own jurisdictions."

First of all let me say thanks for your comment. I LOVE COMMENTS! It lets me know that people are actually reading. I have a few responses. First of all, in an interview I saw with one of the bill's architects he spun it as an attempt to protect America's youth from the dangers of gambling addiction. He even compared gambling addition to drug addiction. I've been around my share of gambling addicts and while it can be a problem ALMOST ALL people who enjoy gambling are NOT addicts. A much larger percentage of drug users are addicts and the addiction as well as the effects of said addiction are MUCH more severe. Comparing gambling addiction to drug addiction is like comparing a cold to Ebola.

As far as casinos being for or against online gambling (especially poker) I would say they are for it. There is nothing more boring than playing regular casino games (blackjack, craps, roulette etc) online and very few people actually engage in this dark side of online wagering so there really isn't much competition there. Casino sports books might be taking a small hit, but the only place they are legal is in Nevada.

When it comes to poker I think the casinos have to be all in favor of online play. From a first person perspective I can tell you that every poker room in every casino I've been in is MUCH busier now that it was before 2003 when online poker started getting big. Furthermore a shitload of new poker rooms have been opening in casinos in Las Vegas that didn't offer poker in the past. I'm certain that the Harrah's corporation, which is the largest casino chain in the world, is really pissed about the ban, because they own the WSOP and that's going to suffer substantially without online qualifiers. Also I'm sure the big casinos would like online gambling to be fully legalized so they could get in on the action.

Thanks again for your comment.

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