Report Shows Increased Lobbying in USA for Web Wagering

Published Saturday, September 11, 2010 - Online-Casinos.com

In the USA lobbying has become big business and it helps keep the American dream alive and well knowing that money does have a way with words in that great country.
In America it is a law that requires mandatory disclosures of lobbying finance and it shows that significant investments are being made.

Political lobbying is the way things are done in the States and everyone knows it's the squeaky wheel that gets the grease.
Major organisations interested in the legalisation of online gambling are placing huge sums of money into campaigns that focus on the pros or cons of the online gambling debate.

A new BV Media study suggests that the second quarter of the year saw  43 special interest groups spending approximately $4.21 million lobbying online gaming and related issues, up slightly from 36 groups and approximately $4.20 million in the first quarter.
Those supporting online gambling spent the most to influence the politicians during the quarter, accounting for an estimated $3.37 million, or 80.1 percent of total spend. Meanwhile, those neutral on the issue spent an estimated $663,442, or 15.8 percent of total, and those opposed to internet wagering spent an estimated $171,438, or 4.1 percent of total.

Bola Verde Media Group's white paper on the issue, entitled "Internet Gambling Federal Lobbying Report." delves into the details of lobbying efforts by the American Gaming Association and the National Indian Gaming Association and how they have challenged and changed their positions lately.
Harrah’s Entertainment was among the big spenders putting up $1.02 million lobbying
along with another large contributor the Mastercard group, which boosted its lobbying effort by 143.6 percent to $332 857 in Q2/2010.
This report is an indication that companies that want to see regulated online gambling in the States are willing to put up some serious coin to make it happen. The BV Media Group is of the opinion that according to the reports author, Chris Krafcik, “ It’s a fact, Congress has never been as interested in Internet gambling as it is now."

 

 

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