13th of April 2011 Author: Glo Wood
As rumors circulate as to the legalization of online gambling in the US, many speculate that it could happen as early as the end of this year, 2011 or in the early part of next year. In the last 5 years there has been a surge of online bingo players from the US. In spite of the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, the US online gambling market still thrives today. Barney Frank, a Rep from Massachusetts has been a powerful force in passing a law to legalize online gambling.
Preventing the American public to gamble online has been proven unsuccessful. The people have spoken and the revenue generated by US players continues to flourish. Because of this, proponents of the new bill assert that legalization will regulate Internet gambling and protect players from scrupulous operators. Players are unprotected in the event of unethical practices of the casino operators. The strong hold of protection comes from casino forums where administrators often step in to seek justice for the player.
Policymakers need to heed the overwhelming demand from the public to overturn the ban. It is time to allow the people their freedom as well as offer protection to the consumer. The intended purpose of the ban was to protect against gambling addictions, money laundering and unregulated business practice. With or without legalization these issue are going to exist. The general consensus of the US gambler feels the real concern in congress is not having a taxation on wins.
Paying taxes on wins is a small price to pay for freedom and protection from rogue gambling sites. The America public has spoken and will not falter. The time has come for congress to lift the ban. Having US based operations will put people back to work. The revenue generated from online gambling in an economically difficult time will benefit United States. The positive effects far outweigh the negative aspects. The government can no longer ignore the potential prosperity.
It is eminent the new bill will pass. The question looming on everyone's mind is "when"? For the US bingo player and the general gambling community, players are hopeful that legalizing online gambling is closer then we think.
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