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US Online Casino Debate Points

The online casino gambling legislation is progressing further than it ever has in the past, but that is not very heartening news when you look at the fact that it still seems to be stalled within Congress. The proposed new tax legislation and internet gambling regulations went to the House Ways and Means Committee last week and each side of the debate was able to present their point of view and answer questions from the other politicians. The pro-online casino politicians presented an amazingly strong case for the new pro-gambling bills and yet the Congressional representatives have come to no clear conclusions in the case, which means the UIGEA enforcement regulations may very well take effect at the beginning of June while Congress continues to debate whether or not the federal government should license and regulate offshore online gambling.

Barney Frank was one of the first Congressmen to step up and speak about the online casino gambling bills and the benefits within the United States of taxation on this industry. Frank presented an extremely strong case and easily answered questions concerning how the regulation of offshore gambling was pertinent in the current US climate. Frank and other pro-gambling politician Jim McDermott were able to clearly highlight the fact that regulated online casinos would mean roughly 32,000 new jobs in the country. The job creation alone is sorely needed in the US right now, as is the potential tax revenue that the government could put toward teacher salaries or any other of the needed funding programs.

On the anti-gambling side of the debate, the politicians had a much less convincing case. The gist of the debate for why the US should not federally regulate and tax online casinos comes down to state rights – something that is obviously not of major concern since the current bill also limits each state’s right to regulate their own forms of internet gambling. Other points about the morality of internet gambling are not strong because the US so obviously supports a land gambling industry.