The online sports betting site Sportscapper examines the online gambling bill from the point of view of online sports bettors and online sports betting companies. According to Sportscapper predictions, online sports books are expected to face a drop in their revenues following the anti internet gambling legislation while illegal local bookies would enjoy a rise in their profits.
The new anti online gambling bill will be signed by President Bush within in the upcoming couple of weeks. According to predictions, the bill would mainly affect online gambling firms that are publicly traded. In addition, online gambling sites are expecting a fall in the number of new American customers. Many online sports betting companies have already canceled major promotion deals.
According to the online sports betting site Sportscapper, the online gambling bill will be almost impossible to enforce since it moves the responsibility from the online gambler to banks. They claim that in time people would understand that the bill is more related to financial institutions than to handicappers. In addition, Sportscapper expects a growth in the revenues of illegal local bookies.
