Online Casinos, Gambling, Poker and Sports Betting Magazine

jackpotcity.gif

SSIGI support to legalize online gambling.

28/5/2008
The Safe and Secure Internet Gambling Initiative (SSIGI) has announced it supports attempts to legalize sports betting in Delaware and New Jersey.

“While some form of gambling is allowable in almost every state, it is totally hypocritical that there would be a line drawn in the sand for sports gambling, an activity that continues and is estimated to illegally generate up to $380 billion per year in the U.S.,” said Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative. “A prohibition on sports gambling means that billions of dollars in much-needed tax revenue that could be used for education and other government programs is being lost to bookies and off-shore Internet gambling operators.”

Lawmakers in Delaware and New Jersey want to collect revenue from sports gambling. Currently the underground market is losing an annual amount of up to $7 billion in federal wagering excise taxes. This figure was reached by an Internal Revenue Service estimate based on a National Gambling Impact Study Commission.

A new law introduced in 2007 by Rep. Barney Frank (D-MA), the Internet Gambling Regulation and Enforcement Act (H.R. 2046), should see a regulatory framework for accepting bets and wagers online for sporting events, poker, casino games and other activities being introduced. Individual states could control the level of internet gambling within their borders and could apply additional taxes and restrictions.

“Rather than trying to stop consenting adults from doing something that's enjoyable to them, specifically, betting on sports, poker or other games, Congress and our state governments should look to legalize and regulate land-based and Internet gambling activities as a way to protect consumers and recoup billions in revenue,” said Sandman.

Stephen Holder
slotocash-box.jpg
PLAY NOW
REVIEW
PLAY NOW
REVIEW
Coming Soon...