Ron Paul and Barney Frank introduced bill HR 5767 to be able to prohibit the US government to ban online gambling in the United States, this following the introduction of the actual ban itself called the UIGEA (Unlawful Internet Gambling Enforcement Act). The bill recently came to vote in the US government and lost. Its aim was to avoid this ban and have the US government regulate national gambling, which would consequently generate billions in revenue for the federal government on the length of a decade.
It is quite shocking and sad to observe that the bill did not pass in congress. First of all, the bill would have been a good help to the already damaged US economy whilst the revenues the federal government regulation would bring into the federal government come in the billions on the length of ten years, and that's just the start. Another positive fact is that if the bill were to own passed, the federal government would manage to successfully, or improve its monitoring on US citizens making bets online, as the existing situation clearly states that Americans remain gambling despite the fact that there's a current ban on internet gambling operations, and that the UIGEA law has failed. It is definitely better for the federal government to regulate and stop impeding Americans to gamble online than to ban the complete process altogether and fail in the ban itself whilst not taking in revenues from online gambling operations.
The bill was rejected partly as a result of Las Vegas entrepreneurs and operators lobbying the federal government to be able to succeed in the ban as a result of reasoning that since Americans will not manage to gamble online mega388, where else than Vegas to produce bets, wagers, and have a good time in general, therefore promoting tourism and economic activity in the city.
The future is fairly grim after HR 5767 didn't pass as now the ban remains, and Americans will not manage to gamble online, at the least for a long time until another bill like this one concerns the senate floor for discussion. It would have been better for the federal government to lift the ban, and promote the Las Vegas entrepreneurs to compete with each other over the internet than to ban the gambling operation and stop from gaining billions in taxes and earnings from regulation.
In places like most European countries, this sort of gambling has become acceptable, and has grown in staggering popularity. Governments take in revenue from online gambling operations, and punters are happy performing bets online in fair regulated markets. USA based casino operators should study from these already successful methods of gambling operation s and make an effort to promote it in their particular country in place of wanting to impede it to be able to make their clients go in a physical manner with their casinos. It is much cheaper and much more efficient to own online virtual portals than to invest billions in physical infrastructure.
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