A federal online gambling ban would fly in the face of president trump’s pro-business, anti-regulation promises
Is a major head to head fight brewing within Trump's own tream? People who support a federal online gambling ban, like Jeff Sessions, who Trump hand-selected to be his Attorney General, are trying to make their case in Washington D.C.
These efforts have caused a lot of concern from various supporters of legal and state-regulated gaming. The pro-gaming people are pushing back against Sessions' potential federal action and calling the Trump administration to respect its pro-business assurances and cast-off these new regulations.
This is new federal regulation and nothing else, and Trump promised less regualitons on businesses.
Sessions is pushing for the Restoration of America’s Wire Act, which would require the government to reconsider the 2011 Department of Justice Office of Legal Counsel opinion, which permitted various states to make online gambling legal. New Jersey, Neveada, and Delaware all opened up online gaming after this development in 2011, but Sessions' new work looks to reverse it.
If the federal government intervenes into legal online gambling. Then it would create new regulations that would only cause harm to businesses. In states where online gambling is legal, it is regulated enough to protect consumers, and also create jobs and a good amount of revenue, all things that Trump has said he stands for.
A federal ban would undo that progress and threaten jobs, taxes, and the budget health of several states.
NJ to Trump: say ‘no’ to business-killing federal gambling regulations
Here are some of the great results to come out of the online gambling industry in New Jersey in recent months:
- The online gaming industry NJ put $35 million of tax revenue in the State’s coffers in 2016.
- Since launch, the online operators have generated at least half a billion dollars in revenue.
- The industry has also set a new record for tax contribution and revenue in the month of March 2017.
- The operators have helped generate the first annual revenue increase for casinos in the State since 2006.
Also, the casinos in the Atlantic City are innovating and investing because of online gambling. This investment is creating various economic opportunities in the online gambling industry.
The notion that the federal government might kill that progress has led to a resolution, which has been introduced by New Jersey Assemblyman Vincent Mazzeo. This resolution calls on the Trump administration and Congress to compete with any federal ban on state-regulated online gambling.
Other states affected as well
Nevada and Delaware have effectively regulated gaming sites that too without any federal involvement. So has Illinois, Michigan, Georgia, and Kentucky (lottery).
Sessions' RAWA is supposed to an end to all of this and creates new federal regulations.
If any of these is passed, federal regulations are supposed to take effect. This would not only cost jobs and lot of money but will also put a burden on states and the businesses operating in them. A federal online gambling ban would undo everything New Jersey (as well as Nevada and Delaware) has done for online gambling.
To be precise, any federal ban on online gambling would substitute New Jersey’s successful regulations with unsuccessful federal regulations. The alteration is supposed to cost the state jobs, revenue, and other economic opportunities.
A federal ban wouldn’t work
The federal government ban on sports betting outside of Nevada, which was enacted in 1992 has done nothing to suppress the enthusiasm for betting on sports in the United States, and instread billions of dollars are bet illegally on sports across the United States every year.
A federal bad will drown the industry and endanger citizens who want a safe place to bet online.
A federal ban is not only anti-business but also a job killer. Trump’s policy on federal regulation is clear and unambiguous, and the new government’s views on regulations are clear. From the very start, Donald Trump had stressed upon the abolition of ineffective or “destructive” government regulations.
In a speech to the New York Economic Club, Trump stated:
“If we lower our taxes, remove destructive regulations, unleash the vast treasure of American energy, and negotiate trade deals that put America first, then there is no limit to the number of jobs we can create and the amount of prosperity we can unleash.”
He also said:
“One of the keys to unlocking growth is scaling-back years of disastrous regulations unilaterally imposed by our out-of-control bureaucracy. Regulations have grown into a massive, job-killing industry – and the regulation industry is one business I will put an end to.”
Will Sessions break Trump’s promise?
President Trump has continued to rail against regulations, creating a new White House position, “special adviser on regulatory issues.” He also tagged Carl Icahn, a billionaire casino owner for the new position in December. Trump said: “His help on the strangling regulations that our country is faced with will be invaluable.”
“Under President Obama, America’s business owners have been crippled by over $1 trillion in new regulations. It’s time to break free of excessive regulation and let our entrepreneurs do what they do best: create jobs and support communities.”
If Sessions decides to push RAWA forward and eliminate each States' ability to legalize and license online gambling operators as they see fit, then the Trump government will be breaking its promises and abolishing innumerable jobs and hundreds of millions in tax revenue for states.