Yet another bill happens to be introduced to Congress regarding online gaming; but does it pass?
We have talked a lot about how America will be waiting for a while before they have any action that is federal online gambling regulation. That’s nevertheless likely true, but it is not because of a lack of bills which could do the task.
Bills, Bills, Bills
The other day, Representative Jim McDermott (D-Washington) introduced a bill that could once again regulate on the web gambling at the federal level, splitting tax revenues between the states that players live in and 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 in the same theme: federal oversight and legislation of at the least some forms of online gambling.
McDermott’s bill is really compatible with King’s effort. The McDermott bill would enforce exactly how the tax distribution from online gambling would work, with 12 cents of every dollar deposited reportedly being collected by governments at different levels. Two-thirds of the money would visit the state or tribe in which the gambler is playing, while the other third would head to the authorities.
The bill is more comprehensive than the Barton bill, which would just apply to internet poker. States would be able to decide in or out of the federal online poker plan unde Read More