Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

More Support for Online Casino Bill

The online casino gambling issue is growing in popularity in Congress right now. A lot of supporters of the internet gambling industry were dismayed last month with the postponement of the discussion on Barney Frank’s new bills – postponed until the fall the supporters are getting anxious. Barney Frank is one of the chief supporters of the a regulated and licensed US online casino gambling industry and his bill has slowly gained a lot of support over the past nearly three years. And although debate and discussion on the bills has been postponed in Congress for several months, his bills are still gaining support and co-sponsors despite the lack of movement through Congress.

Barney Frank’s bill specifically looks to repeal the effects of the UIGEA and instead license and regulate online casino gambling and betting in the US. Accompanying bills would then allow the government to tax the online casinos and collect the revenue from the gambling sites into the federal budget. The latest news for Frank’s efforts contend that even more support is coming to light. Frank has added to the list of co-sponsors for the bill, and coming in at 48, that’s a whole lot of support that will definitely be needed once the bill does actually make it up for discussion.

There is a lot of hope that this bill will pass by the end of the year. One of the chief reasons that many Congresspersons are supporting this bill is not only its implications for the US online casino gambling industry, but also because it will allow the federal government to raise very significant tax revenue to flesh out the failing budget.