Online Casinos, Gambling, Poker and Sports Betting Magazine

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Billions could be collected from online gambling after UIGEA

15/9/2009
In support of the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 the group The Safe and Secure Internet Gambling Initiative have introduced a new set of online adverts. The new legislation will permit already licensed gambling operators to accept wagers from US players. The new adverts actually support the government to regulate internet gambling which will help the millions of American players that still gamble online with offshore companies that still accept wagers from US players.

Even with the government’s attempts to prohibit online gambling since 2006, with the new legislation the government will regulate the online gambling companies that will legally allow wagers from US residents. As the economy of the US is still in trouble and President Obama’s new policies will cost the taxpayers dearly, so every opportunity for them to collect some extra money should be considered, and the government could collect up to $62.7 billion in new revenues within the next 10 years.

A spokesperson for the Safe and Secure Internet Gambling Initiative, Jeffrey Sandman, said "As Congress searches for ways to pay for health care reform and other worthy programs, it should end the unsuccessful prohibition of Internet gambling and start collecting taxes on the billions in revenue currently lost to unlicensed, offshore gambling operators."
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