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 after the introduction of the particular ban itself called the UIGEA (Unlawful Internet Gambling Enforcement Act). The bill recently stumbled on 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 us government over the span of a decade.
It is quite shocking and sad to observe that the bill did not pass in congress. To start with, the bill could have been a great help to the already damaged US economy as the revenues the us government regulation would bring into the us government are in the billions over the span of 10 years, and that's just the start. Another positive fact is that when the bill were to have passed, the us government would be able to successfully, or improve its monitoring on US citizens making bets online, as the present situation clearly states that Americans continue to be gambling despite the fact that there is a current ban on internet gambling operations, and that the UIGEA law has failed. It is definitely better for the us government to regulate and stop impeding Americans to gamble online than to ban the whole process altogether and fail in the ban itself whilst not taking in revenues from online gambling operations.
The bill was rejected in part due to the Las Vegas entrepreneurs and operators lobbying the us government to be able to achieve the ban due to the reasoning that since Americans will not be able to gamble online mega388, where else than Vegas to make bets, wagers, and have a great time generally, therefore promoting tourism and economic activity in the city.
The future is very grim after HR 5767 didn't pass as now the ban remains, and Americans will not be able to gamble online, at the least for quite a long time until another bill like that one involves the senate floor for discussion. It could have been better for the us government to lift the ban, and promote the Las Vegas entrepreneurs to compete together on the internet than to ban the gambling operation and stop from gaining billions in taxes and earnings from regulation.
In places like the majority of European countries, this kind of gambling is becoming acceptable, and has grown in staggering popularity. Governments ingest revenue from online gambling operations, and punters are happy performing bets online in fair regulated markets. USA based casino operators should study on these already successful methods of gambling operation s and try to promote it in their particular country instead 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 effective to have online virtual portals than to spend billions in physical infrastructure.
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