New US Online Gambling Bill May Fund Obama’s Health Care Reform
By Staff
September 24, 2009
A few days ago, US Senator Ron Wyden of Oregon introduced what is now the 3rd bill that attempts to overturn the UIGEA and to legalize, regulate, and tax internet gambling in the United States. This new bill is tightly connected with
Wyden's new bill seeks to take the revenue created by the taxation of legal internet gambling in the US and to funnel it into the healthcare system. A recent study from PriceWaterhouseCoopers suggests that over a 10 year period, legal internet gambling in the US could bring in more than $60 billion. While this massive amount of money represents a mere 7.5% of the total cost of Obama's new healthcare reform, every little bit helps.
Since its introduction, the Frank bill has not moved very far. Pressing economic issues have taken precedence. Attaching the bill to the health care reform issue may speed things up, but it seems unlikely at this point that any big changes will happen during these final months of 2009. The issue of online gambling in the US still remains a hot topic, and a resolution is not too far off.
This is a good time to remind our readers that online gambling in the US is not illegal. The current laws only affect banks and other financial institutions, insisting that they cannot process payments connected with internet gambling sites. There are still dozens of excellent online casinos that accept US players – casinos that are hosted offshore, where the US government has no jurisdiction. Look here to find the top US online gambling sites for real money and .
Read More >
