Tag: ONLINE GAMBLING

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 ...

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 ...

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 ...