US Internet Gambling Ban May be Repealed
US Internet Gambling Ban May be Repealed
Posted 04/27/2009 at 12:37pm
| by Paul Lilly
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Still like the Boston Celtics' chances of winning the NBA championship despite the likelihood of Kevin Garnett missing the entire playoffs? No matter who you think will win, if you're looking to place a bet online, you'll need to trust an overseas gambling site in order to put your money where your mouth is. That's because the U.S. Congress chased away U.S.-based online gambling outlets several years ago as part of the Unlawful Internet Gambling Enforcement Act of 2006, a law which some say may be overturned, according to a report in The New York Times.
Representative Barney Frank, Democrat of Massachusetts, is expected to lead the charge at overturning the 2006 bill in matter of days.
"He supports the repeal and wants to move forward on it," said Steve Adamske, communications director for the House Financial Services Committe.
Despite the 2006 Act, online gambling generated revenue of $6 billion last year in North America, or more than a quarter of the global total of $22.6 billion. That's a $5 billion increase from 2006. According to PricewaterhouseCoopers, if the ban is overturned, the U.S. government could potentially pocket more than $50 billion over the next 10 years.
Those who oppose overturning the ban point out that online gambling makes it too easy to get in over your head and can break up families. Some sports leagues also voiced concern that online betting could increase the risk of game-fixing.
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lovercathi
November 19, 2010 at 6:12am
Some people don’t like gambling, which is fine. We all have our opinions. The main reason people give for being against gambling, though, is that it causes people to blow all of their money, lose their life savings, and go from owning a nice house and car to living under a bridge. I personally don't like online casinos, if I'm going to spend money I do them in a real casino. This is just a personal preference.
lovercathi
November 19, 2010 at 5:43am
It's called the Unlawful Internet Gambling Enforcement Act (UIGEA). The Act "prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling."
Den.Fletcher
October 24, 2010 at 7:00am
The US government managed to drive the online gambling overseas but they did not ban access from US to those sites. This only means that some US money are being taxed elsewhere and the state only has to lose. In France, access to online slots casino or other forms of gambling is banned and no one form inside France's borders can place bets online.
imp2010
May 25, 2010 at 3:14am
The U.S. offshore Internet gambling market is expected to climb to $5.7 billion in 2010 from $5.4 billion last year, according to U.K.-based H2 Gambling Capital. Online betting is the most predatory, addictive and invasive form of gambling. It gives Congress a huge new source of revenue that is just sitting there on the table. If the U.S. legalizes the gambling, the market could grow to $24 billion in five years, according to H2. That excludes Sports Betting, which wouldn’t be allowed under House proposals.
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December 01, 2009 at 1:28am
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michalraise
June 17, 2009 at 10:21pm
well i agreed bad considering that nearly every state has a lottery and scratch off tickets.
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jtimberman
April 27, 2009 at 8:11pm
People are going to find a way to gamble. Let them. Its time that people are responsible for their actions. So make gambling legal at the Federal level, let the states impose the laws they see fit, and let em tax the shit out of it.
Kaze
April 27, 2009 at 6:19pm
If history can teach us something, it is that banning something will only serve to make it stronger.
Plus, its every indivual's money and the individual should be allowed to decide what to do with it. If they want to gamble, fine, so be it.
I'm sick and tired that whenever people are presented with indisputable facts, such as that there are only a very small percentage of gamblers who are actually problem gamblers (compare this with the amount of people addicted to smoking) they will then counter with religious reasons as to why it should be banned. Its sickening, how some people (who happened to be very vocal) always appeal to emotions when they run out of rational arguments.-=KAZE=-
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