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Message: Online gambling ban may be lifted

Online gambling ban may be lifted

posted on Nov 16, 2009 11:04AM

Ban It, and They Will Come

In fact, the study's latest $52 billion estimate on U.S. tax revenue from internet gambling is a full 22% higher than its estimate in 2007... based entirely on the rapid growth in U.S. online gambling—despite the ban!

...Which is why House Financial Services Committee Chairman Barney Frank is about to reintroduce this bill, effectively countering the UIGEA. (It's a revised version of Franks' 2007 Internet Gambling Regulation & Enforcement Act, which failed to make it to the House despite attracting support for the measure.)

According to the Financial Times, Frank wants to "reintroduce a bill in the next few weeks to establish a licensing and regulatory framework for online gambling operators."

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