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And Again with the Online Poker

27 December 2010 by admin

For some online new sources, the news of Senator Harry Reid’s bill to legalize online poker is just now going to their readers. One headline, and I quote, says “There’s a move afoot to legalize online poker.” This would be accurate if the lame duck session were still in session. Sadly, the time frame to pass Reid’s bill to give Nevada casino businesses a high edge in what I think of as the eventual United States online gambling marker has not passed. And now the Republicans will be moving in in January and we cannot expect to hear about legalizing and regulating online poker or anything else that is online gambling for a few years.

News sources that are just now getting to reporting about Reid’s bill and the potential to regulate online poker are emphasizing that there are 10 to 15 million US citizens that play online casino games for money. They are also beginning to stress that “Without this legislation, players will remain unprotected, law enforcement oversight will remain murky, illegal offshore operators will continue to reap billions from US bettors, and the US will continue to lose out on significant tax revenues and thousands of jobs that could be generated by this already popular activity,” according to American Gaming Association president and CEO Frank Fahrenkopf.

And it is true what Fahrenkopf is saying. I am surprised that the Republicans, who love their money, would turn their noses up at the billions in tax revenue and the chance to get Americans off their proverbial backs about unemployment with the creation of thousands of jobs that would result from the government regulating the US online casino industry. But I suppose they are more interested in saving us from ourselves, like in the 1930s with Prohibition.

And like with Prohibition, US citizens are showing that they do not want the government to save them from themselves because they continue to skirt around the Unlawful Internet Gambling Enforcement Act (UIGEA) by utilizing offshore companies to get their money into their player accounts at online casinos that still accept US players—of which, Microgaming powered online casinos are not a part of.

The revenue that could be generated from regulating the US online casino market ranges from in the millions—if only online poker were legalized—to around the $3 billion range if online gambling, with the exception of online sports betting, were legalized and regulated. Now from my own opinion, I think that $3 billion could be put to good use in the US, not to mention the thousands of jobs that would be created in order to make regulation possible.

So, yes, all of you belated new sources, we do need online gambling legalized and regulated. For one thing, this country needs the revenue, and Americans will keep finding ways to play so it is pointless to try to stop them. But understand that it is not going to happen in the near future as the lame duck session has closed and the Republicans are in-coming.

2 Responses to “And Again with the Online Poker”

  1. pligg.com says:

    And Again with the Online Poker…

    For some online new sources, the news of Senator Harry Reid’s bill to legalize online poker is just now going to their readers. One headline, and I quote, says “There’s a move afoot to legalize online poker.” This would be accurate if the lame duck ses…

  2. Poker Lobby Approves California Poker Bill | Online Casino Suite Blog says:

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