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Protectionist Measures Added

Congressman Barney Frank has made some major concessions on elements of his online casino gambling legalization bill in an effort to keep the bill moving along at all costs. So that means that even though some of the bill’s amendments in the House Financial Service’s Committee were nit-picky and protectionist in nature they were added to the bill as a way to secure votes and approval in the Committee. One of the more controversial amendments that does not align with Frank’s overall plan for the bill is the amendment that now allows states to opt out of the new regulations and keep online casinos out of their market. This issue was raised by the Joe Baca, a Democratic Representative from California who expressed concern that the federal legislation would overshadow the state land and tribal gaming laws.

And although Frank and the rest of the Committee added in an opt-out amendment to the bill so that California could choose to exclude itself from the federally controlled online casino gambling industry Frank feels that this policy was a wholly a protectionist move by California because the state has the largest and most developed land tribal gambling industry in the country. Additionally, the state tribes have a lot of control in the politics of the state and they are keen on keeping state gambling revenues funneled fully through the reservation casinos rather than through federally approved and taxed internet gambling sites.

Frank is concerned that these types of amendments are watering down the online casino bill and allowing some states to continue a close gambling market despite the fact that US citizens have the right to access a competitive market. At this point though the focus remains on passage – the smaller issues can be fought at a later date, once the bulk of the US internet gambling industry is legalized.