Bingo Taxes Used for Gambling Lobbying
Wednesday, November 3rd, 2010 - Alfie Williams.
In North America, several states are looking at the option of legalizing and regulating online gambling. States like Texas have massive deficits, the costs of which could be offset by taxing online gambling, but governments are not keen on the idea. To lobby for the cause, politicians and gambling fans can now use tax revenue from land-based bingo halls.
The decision was made last Friday, when judge Sam Sparks decided that charitable bingo halls could use their earnings to lobby for the legalization and regulation of online gambling.
Texas is currently in a great deal of debt, and residents believe that expanding the state’s gambling industry could certainly put them in a better financial situation. Rather than increasing residents’ taxes or cutting social programs to help offset the costs of the deficit, the state can earn revenue from an expanded gambling industry which will include online gambling.
If the gambling industry is expanded, it will also create a wide range of new jobs that will undoubtedly reduce the unemployment rate. However, there is still a long way to go and a lot of lobbying to be done before the government is convinced that gambling expansion is an efficient way to help the state of Texas.
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