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National Online Gambling Bills Introduced to Congress

Just one more bill happens to be introduced to Congress online that is regarding; but will it pass?

We have talked a lot about how America is likely to be waiting for a time before they get any action that is federal online gambling regulation. That is still most likely true, but it’s not due to a lack of bills that could do the task.

Bills, Bills, Bills

Last week, Representative Jim McDermott (D-Washington) introduced a bill that could once again regulate online gambling at the federal level, splitting tax profits between the states that players live in while the government that is federal. That bill joins two more introduced earlier this present year by Representatives Peter King (R-New York) and Joe Barton (R-Texas), all of which are variations regarding the same theme: federal oversight and legislation of at the very least some forms of online gambling.

McDermott’s bill is in fact suitable for King’s effort. The McDermott bill would enforce how the taxation distribution from online gambling would work, with 12 cents of every dollar deposited apparently being collected by governments at different levels. Two-thirds of that money would visit their state or tribe in which the gambler is playing, while the other third would head to the government that is federal.

The bill is more comprehensive than the Barton bill, which would just use to internet poker. States would be able to decide in or out from the online that Read more »