"With the completed analysis, and support for Internet gambling regulation growing daily, it’s only a matter of time before Congress acts and begins allocating the billions in new revenue sitting on the table to one program or another."<\/p>\n
![\"Online-Gambling\"](\"http:\/\/images.ientrymail.com\/webpronews\/article_pics\/Online-Gambling.jpg\" "\\"Online-Gambling\\"")
<\/center><\/p>\n\nRepresentative Barney Frank (D-MA) has introduced legislation that would legalize Internet gambling and McDermott has a companion bill that would collect tax revenues on online gambling.<\/p>\n
"We believe this tax revenue analysis will encourage immediate discussions and consideration of pending legislation to regulate Internet gambling," said Waxman. <\/p>\n
"With everyone acknowledging that attempts to prohibit the activity have failed, this provides even more incentive for Congress to act."<\/p>\n
Currently the amount of revenue that remains uncollected while Americans gamble online is more than $100 billion annually. <\/p>\n
<\/p>\n
Related Articles:<\/strong><\/p>\n > <\/span><\/span>Kentucky Supreme Court Hears Online Gambling Case > <\/span><\/span>Online Poker Players Expose Cheaters > <\/span><\/span>Americans Favor Legalizing Online Poker <\/p>\n A Joint Committee on Taxation report released today by Rep. Jim McDermott (D-WA) found that regulating Internet gambling would generate roughly $42 billion over 10 years. The report is based on the requirement of a federal license for operators that would allow them to offer online gambling throughout the United States, while keeping the federal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-34848","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/34848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=34848"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/34848\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=34848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=34848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=34848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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