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Online Gambling – Poison for the State

Online Gambling – Poison for the State. Yanko Radenkov. Real Madrid – 3.2 billion USD. Harvard’s endowment – 3 0 billion USD. Serbia’s GDP 37.5 billion USD. Gross Gambling revenue. Macro- and microeconomy. Iowa – about 200 million USD per year from gambling taxes

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Online Gambling – Poison for the State

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  1. Online Gambling – Poison for the State YankoRadenkov

  2. Real Madrid – 3.2 billion USD

  3. Harvard’s endowment – 30billion USD

  4. Serbia’s GDP 37.5 billion USD

  5. Gross Gambling revenue

  6. Macro- and microeconomy • Iowa – about 200 million USD per year from gambling taxes • US casinos - 354 000 jobs in total and 5.2 billion local tax revenue (11,5 billion USD in wages) • Casino Queen Riverboat in St. Louis – 1200 jobs • Money laundering

  7. Insecurity • Personal Information • No regulation by the state • Located offshore • Lawsuits by gamblers, refusing to pay their credit card debts • Possibility of hackers

  8. Social Aspects • Increase in pathological gambling • Gambling by minors

  9. Solution • Best option for the state – total prohibition of all types of online gambling • Moderate option – Licensing only trusted providers and collecting taxes from them

  10. Works Cited • Eadington, William R. "The Future of Online Gambling in the United States and Elsewhere." Journal of Public Policy & Marketing 23.2 (2004): 214-19. JSTOR. Web. 25 Mar. 2014. • Gainsbury, Sally. Internet Gambling: Current Research Findings and Implications. New York: Springer, 2012. Print. • Meyer, Donald J. The Economics of Risk. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research, 2003. Print. • "STUDY OF GAMBLING SERVICES IN THE INTERNAL MARKET OF THE EUROPEAN UNION." European Commission. Swiss Institute of Comparative Law, 14 June 2006. Web. 21 Mar. 2014.

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