State of Massachusetts Interested In Online Gambling

State of Massachusetts Interested In Online Gambling
Massachusetts Treasurer Steven Grossman confirmed on Tuesday that the state lottery was interested in expanding into the online sector with more games. Therefore the state lawmakers are to be asked for approval to create and test the first wave of Internet lottery games in Massachusetts.

However, the testing will not be initiated until the state legislators had given the green light and that would take the issue into 2013.

Grossman said that legislators will be also asked to remove the existing barriers in state law that prevent the lottery from selling tickets and other games online or accepting credit cards as a form of payment.

But any plan to expand the lottery online must protect the 7,400 convenience stores, liquor stores and other stores selling physical lottery tickets - a backbone of the system, as Grossman characterised it.

The state lottery needs to work out revenue returns in the light of competitive threat of internet gambling as something real and imminent, so the state needs to be prepared to meet the challenge.

"Internet gaming is going to be a fact of life and is going to have an impact on lotteries all over the country in the relatively near future. We want to move as quickly as we can, as appropriately as we can," said Grossman revealing that he set up a special task force to explore the issue and that it is preparing to release its findings.

The Massachusetts state lottery is expected to collect net profits of about $927 million in the current year, with the proceeds returned to cities and towns in the form of local aid.
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