Representative Jim McDermott Labels UIGEA a Failure and Calls for Regulation
WASHINGTON — A new tax revenue analysis announced by Representative Jim McDermott (D-WA) estimates that regulating Internet gambling would generate between $8.7 billion to $42.8 billion in federal...
View ArticleUpdated Gambling Bill Introduced to the US House
As Congress looks for additional sources of revenue, Representative Jim McDermott has introduced Internet Gambling Tax Legislation HR4976 as an updated version of HR 2268, known as the Internet...
View ArticleRepresentative Barney Frank Endorses HR4976
In an expected move, Representative Barney Frank of Massachusetts attached his name to HR4976, Rep Jim McDermott’s Internet Gambling Regulation and Tax Enforcement Act. Referred to by Dan Cypra of...
View ArticleCongressional Hearings Friday for Poker Bills
Two bills that are crucial to the future of Internet poker will be brought before the House Committee on Financial Services this week. The Reasonable Prudence in Regulation Act (H.R 2266) and Internet...
View ArticleSenator Robert Menendez Promotes Online Poker
Among those in attendance at Wednesday’s “Ante Up for Africa” benefit tournament in Washington DC was Senator Robert Menendez of New Jersey. Senator Menendez is one of a growing number of legislators...
View ArticleLegal Online Gambling Would Create US Jobs
Advocates for online gambling are focusing the spotlight on a report by UK-based market analysts, H2 Gambling Capital, stating that legalized online gambling would create thousands of new jobs and...
View ArticleNew Study Favors Legalized Internet Gambling
A newly released study forecasts a large influx in jobs and tax revenue that could be generated if the United States decides to legalize and regulate online gambling and poker. The study, funded by H2...
View ArticleWays and Means to Discuss Online Gambling
The United States Congress continues to grapple with the search for new revenue streams, and next week the House Ways and Means Committee will turn its attention to online wagering. The committee,...
View ArticleBreaking News: Highlights from Ways and Means Online Gambling Hearing
The much anticipated House Ways & Means committee hearing on online poker, casino and sports betting has concluded its hearing on tax proposals related to Internet gambling. Highlights of the...
View ArticleA Sin Tax for Online Poker Versus Prohibition?
As debate over regulating, eliminating, and possibly taxing online poker rages, an old term comes to mind, the “sin tax.” A sin tax is a tax specifically levied on “socially proscribed goods.” In the...
View ArticleBarney Frank to Mark Up Poker Bill in July
During Wednesday’s successful hearing before the House Ways & Means committee regarding HR 4976 and taxation proposals for online poker, Congressman Barney Frank (D-MA) announced that his House...
View ArticleOnline Poker Ban Compared to Prohibition of the 1920s
Expressing his frustration with legislation that he feels harkens to a bygone era, Representative Jim McDermott (D-WA) has likened a ban on Internet poker to the prohibition of alcohol in the United...
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