Secure Money Inc. Under Investigation
Though many states in the US are pushing for gambling changes, there are still some that are holding out. Washington for example is a state that is banning online gambling. Though there are millions of tax revenue dollars to be had with a good gambling plan, the state’s legislators don’t believe that is enough to legalize gaming. This is a move that has been long coming. People are wondering whether or not they can wager for a while now. The answer is no and the state is sending a tough message to those who don’t heed it. Secure Money Inc. is a company based out of Las Vegas and it issued about $2.7 million in checks to various customers over an eight-month long period of time. The company now is being prosecuted for the infraction within the state by legislators. The company also allowed seven people within the state to receive these funds under the heading of “payroll checks.” Overall the activities were considered to be illegal and the company is now under scrutiny by investigators cracking down on gambling issues. The government seized over a half-million dollars worth of revenues as a result of the investigation.
This is just another example of the issues that gambling brings with it. Many anti-gambling activists believe that the cost to have gambling in their state is too hefty to support. For example, though gambling may being in $2 million in tax revenue dollars per month, if the number of addictions and criminal activity incidents increases substantially, a good portion of that could have to go to shoring up resources for issues. For example, if the police force has to be strengthened to manage a growth in illegal activities, that could eat up a huge portion of that additional $2 million in revenue. If ten-thousand new gambling addicts enter the market they are going to need additional resource centers to help them with their disease. This too could end up costing the government more money per month than it is bringing in via gambling revenue. Only time will tell what is going to happen with the market, but overall the Washington market is not ready for gambling and is fighting hard to keep it out of the state .