• Congress To Alter US Online Gambling Laws?

    19 May 2010


    On Wednesday, the House Ways and Means Committee will hear a proposal from Rep. Jim McDermott. His proposed legislation sets up a system to tax internet gambling. This legislation goes hand in hand with Barney Frank’s proposed legislation to overturn UIGEA (the Unlawful Internet Gambling Enforcement Act) and to also set up a system for regulating internet gambling.

    Since congress passed UIGEA back in 2006, while it was hidden in the port security bill, many in Congress have been educated on the many benefits the government can have if internet gambling is legalized and regulated. Studies have since shown that the US government would stand to benefit from millions or even billions of dollars in gambling tax revenue.

    Of the many ways to increase tax revenue for the government, legalizing and taxing internet gambling comes out on the top of the list.

    One of the biggest complaints that opponents of internet gambling throw up against its legalization, is the social problems that would be created and increase, such as underage gambling and problem gambling. Supporters of Barney Frank’s legislation have shown how far the gambling industry itself has grown in protecting the citizenry against just these ills. They have also grown in policing the industry against corruption. Programs are already in place at all major international internet gambling sites to protect against these ills.

    With all the changes in Washington in 2006, both politically and socially, this may be the best chance internet online gambling has had to become legalized and regulated. Write, call, cable, email, heck… even send a carrier pigeon if you want, but get hold of your congressional representatives and your US senators and tell them to support Barney Franks and Jim McDermotts bills and let’s get this done.

    Related News

    • 17 June 2010

      Virgin Group Setting Up New Game Site

      Feel like a little online wagering? Feel like doing it all in the United States? Relax… the chance is here. Virgin Gaming, is announcing on Tuesday, at the E3 video game industry show, that it will be offering video gamers online, a chance to go head to head against others players online and win large cash prizes. To get around the US laws against gambling, they have to make sure that they label their games and games of skill and not chance. That way, it is not gambling.

      Read full article
    • 16 June 2010

      Atlantic City Casinos Reject Intrastate Online Gambling

      Everything was looking rosy for online gambling in New Jersey after the June 3 3-1 vote by the Senate State Government, Wagering, Tourism & Historic Preservation Committee to pass Senate bill S490 with very few amendments.Now, the very casinos that would most benefit from that very law, have announced through the Casino Association of New Jersey (CANJ), their trade organization, that they do not want the bill to pass. CANJ represents all eleven Atlantic City casinos.

      Read full article
    • 13 June 2010

      New Danish Gambling Law Goes Back To European Commission

      Due to complaints from land based gambling companies, the new Danish gambling law is headed back to the European Commission for further review.The complaint from the land based gambling companies is that the tax provisions of the new law are unfair.This comes following reports that Danske Spil, the former state online gambling monopoly, would have to abandon it’s online poker b2b deal with the world’s leading listed online gaming company, Party gaming.

      Read full article