Ron Paul and Barney Frank introduced bill HR 5767 in order to prohibit the US government to ban online gambling in the United States, this after the introduction of the actual ban itself called the UIGEA (Unlawful Internet Gambling Enforcement Act). The bill recently came to vote in the US government and lost. Its aim was to stop this ban and have the US government regulate national gambling, which will subsequently generate billions in revenue for the federal government over the length of a decade.
It's quite shocking and sad to observe that the bill did not pass in congress. First of all, the bill would have been a great help to the already damaged US economy while the revenues the federal government regulation would bring into the federal government come in the billions over the length of 10 years, and that's just the start. Another positive truth is that when the bill were to possess passed, the federal government would be able to successfully, or improve its monitoring on US citizens making bets online, as the existing situation clearly states that Americans continue to be gambling despite the fact that there surely is a current ban on internet gambling operations, and that the UIGEA law has failed. It's much better for the federal government to regulate and stop impeding Americans to gamble online than to ban the whole process altogether and fail in the ban itself while not taking in revenues from online gambling operations.
The bill was refused simply because of the Las Vegas entrepreneurs and operators lobbying the federal government in order to succeed in the ban because of the reasoning that since Americans will not be able to gamble online mega388, where else than Vegas to produce bets, wagers, and have a great time generally, therefore promoting tourism and economic activity in the city.
The long run is fairly grim after HR 5767 didn't pass as now the ban remains, and Americans will not be able to gamble online, at the very least for quite a long time until another bill like that one comes to the senate floor for discussion. It would have been better for the federal government to lift the ban, and promote the Las Vegas entrepreneurs to compete with one another on the internet than to ban the gambling operation and stop from gaining billions in taxes and earnings from regulation.
In places like the majority of European countries, this type of gambling is now acceptable, and has grown in staggering popularity. Governments take in revenue from online gambling operations, and punters are happy performing bets online in fair regulated markets. USA based casino operators should learn from these already successful ways of gambling operation s and try to promote it in their particular country rather than trying to impede it in order to make their clients go in a real manner with their casinos. It's much cheaper and much more efficient to possess online virtual portals than to spend billions in physical infrastructure.
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