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US Supreme Court Will Review Legalized Sports Betting Case From New Jersey Get our thoughts on the Pros And Cons Of Legalized Online Gambling In The USA. We discuss the Pros And Cons Of Legalized Online Gambling In The USA. To get a handle on the pros and cons of legalizing online gambling, I talked to David G. Schwartz, director of the Center for Gaming Research at the University of. its legalization, the pros and cons of legalization as well as several topics that state With specific regard to the U.S., the concept of legalizing online gaming efforts to legalize, regulate and tax interstate Internet gambling.