A Push for Online Gambling Legal
I was perusing throughout the internet and ran into this article from an online journalist Jenny Woo: (Article Feb 4, 2009)
U.S. Rep. Barney Frank, a Massachusetts
Democrat and head of the U.S. House Financial Services Committee, at a news conference on Tuesday morning outlined his agenda for the coming months, including an attempt to have online gambling and poker prohibition repealed.
Congressman Frank has told reporter Jenny Woo that legalized online gambling plays an important role in the current U.S. economic crisis.
"I think if we do this right we should make online gaming legal and subject it to a reasonable taxation like anything else," he said. "This does not conflict to our effort to stimulate the economy. This isn't bad for the economy."
Gambling on the Super Bowl this past Sunday was widely believed to have generated close to $90 million in Vegas alone. The online gambling sector is likely to have made several times that number.