Internet Gambling Prohibition Weakens US Revenue Base

[JeffreyS]

New revenue projections submitted to congress by Representative Jim McDermott (D-WA) show that regulating internet gambling would generate between $6 billion and $15 billion in revenues for the U.S treasury in the first five years of enactment and between $17 billion and $48 billion in the next decade.

These facts alone should get lawmakers attention as stunning deficits mount in the areas of social security, health care, and education.

These revenue figures take into account that some professional sports leagues may decide to opt-out and some states may choose to allow online gaming in addition to their brick and mortar gaming.

Here is an article on the budget estimate:
Gambling legislation blog - UIGEA» Blog Archive » UIGEA is Costing the US Billions!

Let’s keep the pressure on Congress to regulate Internet gambling both for the freedom of our citizens and the welfare of our country.

To learn more about this issue and to contact your elected representative, please visit Safe and Secure Internet Gambling Initiative.

Jeffrey Sandman
Safe and Secure Internet Gambling Initiative

 

[Emperor IX]

Hopefully that's enough to open up the eyes of the powers that be.

 

[Alon Ipser]

Unfortunately, our lawmakers are not concerned about what is good for the country. Their concern lies with lining their pockets. The only way internet poker will ever be legally acknowledged is through lobbying. Even though the report helps, it's not enough on it's own. Sorry if I'm a pessimist on this subject but I live in a state where you can go down to the local casino and legally blow thousands of dollars on house games or you can get online and legally bet thousands of dollars on horse racing or you can blow your whole paycheck buying lottery tickets but if you play penny ante poker online it's a felony. Sorry, but that's the type of law only good money can buy.