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USA Players say YES to Internet Gambling

2/13/10 - The widely read U.S. IT publication Network World took up the legalisation of online gambling story this week, recapping on the efforts of Congressman Barney Frank to overturn the UIGEA and set up a regulatory and taxation regime for the industry in America.
 
Network World asked the rhetorical question "why would legalizing online gambling be a good thing?" and provides the answer: "Because the public wants it! We know this because U.S. citizens spent an estimated $8 billion last year betting online."
 
Author Mark Gibbs does some simple arithmetic based on a proposition that each online gambler spends a moderate $500 a year, and comes up with 16 million players or about 1 in every 4 US punters over the age of 21 years.
 
The author also draws attention to an online poll by US News and World Report, in which more than 91 percent of respondents answered "Yes" to the question "Should Online Gambling Be Legalized?"
 
Gibbs goes on to examine the standpoints of opponents and supporters of legalised online gambling before observing that despite opposition in some political quarters, there has been no suggestions in the USA that state lotteries or tribal gambling be curtailed or outlawed.
 
He attributes this to the big money involved, which he quotes as $28 billion annually (2008 numbers) in tribal gambling, and over $75 billion in state lotteries, of which some $18 billion flows into state coffers (again, 2008 stats).
 
He then compares this with the potential tax revenues from legalised online gambling, quoting a Joint Committee on Taxation estimate that Congressman Frank's proposed legislation would generate nearly $42 billion of tax revenues over the next 10 years.
 
The author concludes: "I'm not against gambling. I can't find any reasonable moral or ethical grounds to oppose it and, as someone once said, gambling is a tax on people who are bad at math. In fact, I find it surprising that in the land of the brave and the home of the free anyone would want to tell you what you can and can't do with your money.
 
"After all, if it's good enough for the states and good enough for Indian tribes, then why wouldn't it be good enough for Internet users?"

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Gambling News :

New Racing UK free-to-watch show - Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

PartyPoker Exits Australia - From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.

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