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Online Gambling Soon to Be Legal? Again?

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 Democratic Representative Barney Frank, of Massachusetts, is looking to remove that ban and once again legalize online games dealing with real money, FOX News reports.

It was three years ago that a Republican-controlled Congress pushed through measures to make online gambling within the States illegal, putting many purveyors of Internet gaming out of business. Some even faced criminal charges for not acting quickly enough to block American players. After all that fuss and expense, the new Democratic majority might be looking to reverse that change. But, then, the proposal is still in its early days. Even if the bill were to be approved, nobody knows what the Obama administration's response would be.

But we wouldn't be surprised if, somewhere in Vegas, someone has some odds on it. [From: FOX News]

Computers

Internet Gambling Taxes Would Mean Big Money for U.S., Study Shows


A new study has found that the United States would make $52 billion over the next decade if lawmakers decided to lift a three-year ban on Internet gambling and tax the maligned industry.

The study, prepared by accounting firm PricewaterhouseCoopers, may prove to be laying the groundwork for the repeal of the 2006 Unlawful Internet Gambling Enforcement Act, a generally ineffective piece of legislation that attempted to kill off online gaming in the States. According to Reuters, the act stipulates that no business can knowingly accept "payments in connection with unlawful Internet gambling, including payments made through credit cards, electronic fund transfers and checks." Online gambling has actually grown since the law was implemented, so it's not exactly working out as planned.

We think it may be time for the government to accept that Internet gambling is a legitimate, if sometimes destructive, industry. The prospected $52 billion in new funds for the country couldn't hurt either, especially these days. [From: Reuters]

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Computers, Video Games

Bush Seeks Midnight Law Prohibiting Online Gambling


In the waning hours of his presidency, George Bush is pushing to effectively outlaw online gambling in the United States. These efforts have met strident opposition by Democrats, proponents of Internet betting, and even some financial institutions.

The Bush administration's pursuit of these prohibitive laws follows on the coattails of a rider vaguely prohibiting online betting that was included in a piece of 2006 legislation ostensibly dealing with the security of U.S. ports. While that rider did, in fact, become law, its unclear language -- leaving open the question of what constitutes online gambling -- has left it largely unenforceable. President Bush and Congressional Republicans hope to clarify that language and outlaw the Internet practice before President-Elect Obama and the slew of newly elected Democratic Congress members take office.

In these troubled economic times, we're appalled that the government is trying to take away our one sure-fire means of supplementing our incomes. We mean, it is a sure thing, right? Right? [From: AOL News]



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