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With all the resistance to online gambling in the United States, one would think that regulating online casinos might bring about the end of the world.  Well, it is clear that some gambling experts believe this to be true on some level.  Professor of business and legal policy, John W. Kindt has offered doomsday like prediction of how regulating online casinos would affect the United States’ citizens, stock markets, financial system, and national security.

Barney Frank currently leads a movement to overturn legislation that prevents a legal market for online casinos in the United States, such as the Unlawful Internet Gambling Enforcement Act of 2006.  Industry experts recognize that the United States stands to benefit from millions and possibly billions of tax dollars just by regulating online casinos.

“The revenue they would get is miniscule compared to the devastation it would bring to financial systems, stock markets, national security and people’s lives,” argued Kindt.

Kindt fully supports the very controversial Unlawful Internet Gambling Enforcement Act.  This law has caused international turmoil and depicted the United States as a protectionist nation.  Kindt, who has studied gambling law for decades believes that online casinos will have a similar, except farther reaching, effect to how brick and mortar casinos affect communities.

According to Kindt’s research, when brick and mortar casinos appear in a community bankruptcies increase between 18 and 42 percent, crime increases 10 percent and cases of problem gambling doubles.

“Online gambling is called the crack cocaine of creating new addicted gamblers,” said Kindt.

“It places gambling at every school desk, every work desk and in every living room. Does Barney Frank really want to entice people to click their mouse and lose their house?”

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