National On The Web Gambling Bills Introduced to Congress

National On The Web Gambling Bills Introduced to Congress

Yet another bill is introduced to Congress online that is regarding; but can it pass?

We have talked a great deal about how America is likely to be waiting for a time before they get any federal action on online gambling regulation. That’s nevertheless most likely true, but it’s not because of a lack of bills which could do the work.

Bills, Bills, Bills

Last week, Representative Jim McDermott (D-Washington) introduced a bill that would once again regulate on the web gambling at the federal level, splitting tax revenues between the states that players live in and also 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 on the same theme: federal oversight and regulation of at least some forms of on the web gambling.

McDermott’s bill is actually suitable for King’s effort. The McDermott bill would enforce precisely how the income tax distribution from online gambling would work, with 12 cents of every dollar deposited apparently being collected by governments at various levels. Two-thirds of the money would go to the state or tribe where the gambler is playing, while the other third would head to the government.

The bill is more comprehensive than the Barton bill, which would only apply to on-line poker. States would be able to opt in or out from the federal online poker plan Continue reading “National On The Web Gambling Bills Introduced to Congress”