In this week’s Green Felt Journal, I propose a possible solution to the current schism between pro- and anti-online gaming forces in Congress (and the gaming industry):
With both sides ratcheting up their lobbying, though, it seems that Congress is painting itself into a corner without a way forward or compromise that will satisfy everyone.
But maybe there is.
I think this column could have been a few thousand words if I had the print space available (I don’t). The more I think about it, the more sensible another national look at gambling’s impact seems.
What’s more, this study could also include credit play (and collection of credit) which is another issue currently in the news thanks to FinCEN’s proposal to force casino to vet the sources of high rollers’ funds. (For more about FinCEN, see my previous Green Felt Journal.)
The nature of gambling in the United States has changed remarkably since National Gambling Impact Study wrapped up in 1999. Online gaming is the most obvious difference, but the shift in where Las Vegas casinos make their money (increasingly, it’s international high rollers) is another change that has profound implications.
Everyone debating the nature of gambling today has something to gain from an in-depth study. With no clear direction presenting itself to Congress and a crying need for solid information, a new national study commission makes perfect sense.