U.S. dollar at a casino online
With the status of online casino gambling in the U.S. in limbo, why is it that although the U.S. government has labeled online casinos gambling as illegal yet one of the primary currencies used at online casinos alongside the euro and the British pound happens to be the U.S. dollar? The dollar is a global currency, that’s why. Not just Americans possess it or use it. Many countries have financial reserves in dollars, even the Communist government in China has currency reserves in dollars, though with the growing Chinese economy it could conceivably be the case one day that many countries currently holding U.S. dollars switch to the yuan – though hopefully that is a long way off, at least from the standpoint of the U.S. government.
The fact of the matter is that gamblers around the world at online casino sites love the dollar at the same time that they may hate the U.S. (or just the current administration in the White House). Online casino sites provide people wherever they live the chance to wager in their own currency, or in dollars even as well. Plus, it doesn’t hurt that while the U.S. government is currently aligned against online gambling, U.S. citizens make up a gigantic chunk of the online casino gambling market demographic. Americans gamble at online casinos more than others quite often because Americans often perceive themselves – even if they are in debt or get themselves into debt because of it – as big spenders with lots of disposable income. At least, this is the case for those who are regular visitors to online casino sites.
So the U.S. dollar will continue to be a major offering at online casino sites for the foreseeable future, and if the U.S. government one day legalizes online gambling as many observers want and expect it to do, the U.S. dollar will see its position rise even further.