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Online Casinos Appeal to Congress

The US internet gambling industry has been the hot ticket item on the agenda of both Democrats and Republicans over the past two years and all of the controversy has really come to a head in the past several weeks as the Bush administration attempts to push through midnight legislation that would negatively affect the online casinos and internet gambling industry. The controversy though could be a moot point in the coming months and years as the potential tax revenue from the internet gambling industry weighs on the mind of Congress. The US is in a very precarious financial situation right now and tax revenues from online casinos is quickly becoming an enticing option with bipartisan support.

The issue comes down to the fact that even with the online casino gambling support regulations for the UIGEA passing into law, there will be a level of gambling taking place in the country under the radar of the government. All of this black market gambling is not only dangerous for US citizens, but it is also a situation where the US government is losing out on potential tax revenues. The head of the American Gaming Association, Frank Fahrenkopf, opines that Congress will likely have some tough choices ahead where the online casino gambling industry is concerned.

This is likely to become one of the top issues facing Congress over the next couple of years – the potential tax revenue is very appealing, yet at the same time, many Republicans in Congress have gone out of their way (and employed questionably ethical tactics) to block offshore online casinos.