Are Monopolies Fund Sport More?
The recent rumour which claims that the online casino gambling companies are thinking about entering into countries that currently operate state-run monopolies, although companies deny such rumours it may be not as bad idea as the state monopolies gives better funding for the sports industry. Recently Sportsbusiness, a UK consultancy company had made a study designed as a comparative analysis of the UK and French land based and online casino gambling business. It investigated the case regarding gambling markets and sports funding provided by the country.
What’s quite interesting, the study shows that the main argument for leaving the land based and online casino gambling monopolies within the UK could be not as strong as it was. If you take a closer look at the two markets, first – the French market operated with state land and lottery monopoly on all forms of legalized gambling and the second – the UK market where we see highly regulated gambling market with taxes from all of the land and online casinos that are running on the market are partly used to fund sports, it is really obvious the better one.
When you set up the facts, statistics and numbers, it must be admit that UK does a really good job in the field of providing sports funding. Of course, there were spots where the French market gave the better outcome, but at the same time the UK model has better sports funding through taxes on the online casino and gambling companies. The report may be differently interpreted by different analyst, however it made a good point that it looks like monopolies are actually no better than regulated markets if you consider sports funding.
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