Poker and the Economy
Even the mighty gaming and poker industry and your favorite casino is not immune to the realities of the worldwide economic downturn. According to the Las Vegas Sun newspaper, Nevada casinos are reporting gambling winnings were down a little under 19 percent in December, compared with the same month a year earlier. That means taxable revenues based on the December monthly casino win are also down — almost 23 percent, compared with a year ago. That’s the largest annual decline on record. The newspaper reported.
On the world famous Las Vegas Strip, proceeds of $474.2 million brought casinos there a 12th straight month of declines. These are sobering numbers indeed for any casino operators worldwide. As people lose jobs or have a tighter budget because of economic worries, it makes sense that luxury expenses like gaming would be cut down.
However, this grim reality makes the legality of online poker everywhere even more important. Part of the reason many folks may be going to casinos less is not because they don’t want to gamble, but because of the costs associated with travel and lodging when going there. if people everywhere could legally gamble from the comfort of their own home on a computer, it would bring much needed financial revenue and stability to economies across the world.
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