Tag: BARNEYFRANK

In the midst of our cash-strapped economy, the federal government is now looking into legalizing online gambling. The New York Times reports that the House Financial Services Committee approved a bill that would allow "online poker and other nonsports betting, overturning a 2006 federal ban," which was mostly ineffective in the first place. The Times notes that the bill would have the Treasury ...

Where does the government turn when it needs more money? Usually it's straight into peoples' vices, and, with an already drastically hiked cigarette tax, gambling might be next. Gamblers could wind up paying $52 billion in additional tax revenue over the next decade, according to a recent study. The U.S. government recently put a ban in place to prevent online gambling within the country, but now ...