I-gambling in the US grosses billions
The federal government at present has three proposals tabled for the legalisation of internet gambling but they are tied up with procedural stumbling blocks and are unlikely to see the light of day before the next election.
According to the Joint Committee on Taxation, the federal government would take as much as us$ 42 billion in gaming taxes in the next 10 years if all of the individual states adopted a new law and there was a federal tax of 6% imposed for licensing.
Currently most favoured among the potential laws is HR 2366, which is at present under consideration in Congress. It would permit internet poker, granting five-year licences to operators and at first would be present only in casinos, racetracks or available from manufacturers with 500 machines, 250 tables or over us$ 200 million in annual revenue. It would also prohibit the use of credit card transactions.
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