Congress Contemplates Restrictions on Internet Gambling
Millions of Americans do it regularly, even though the Justice Department says they?re supporting an illegal enterprise. Major corporations are looking at ways to make a profit from it, even though Congress is eyeing tougher restrictions. The subject is Internet wagering, a $12 billion-a-year industry in which politics, morals, profits, individual rights and world trade issues merge and sometimes collide head-on.
This week or next, the U.S. House of Representatives is likely to vote on legislation aimed at countering Americans? ability to place sports bets, play poker and otherwise risk money in games of chance on their computers. Similar proposals have passed one or the other chamber of Congress over the past decade, but never both. Meanwhile, the American Gaming Association is urging Congress to study the online-gambling issue to see if technology has provided a trustworthy way to legalize, regulate and tax online wagering, as Britain is in the process of doing. Industry giants such as MGM Mirage and Harrah?s Entertainment Inc. see online players as perhaps their best new opportunity for revenue growth.
June 13, 2006
Posted By Bob Hartman
Staff Editor, CasinoGamblingWeb.com
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