LOS ANGELES (Reuters) - Legislation to allow online poker gambling in the United States will be introduced in Congress that would give casinos a larger market than the current few states which allow it, like New Jersey and Nevada.
Online poker would generate $10 billion in added revenues by 2017 if allowed by federal statute, according to the American Gaming Association. About $4 billion is now being spent for illegal sites, the AGA said.
U.S. casinos have been slow to launch online poker sites because the slow pace of state approvals doesn't allow them to cross state lines to attract more gamblers and bigger winnings.
MGM Resorts International believes Nevada may be too small a market for it to serve with an online site, Chief Financial Officer Dan D'Arrigo told Reuters.
The bills will likely face opposition by state legislatures and lottery officials. If passed, the legislation would allow the federal government to preempt states like Nevada and New Jersey that are moving ahead with their own laws and accelerate efforts in states like California and Illinois that are considering such legislation.
Congressmen Peter King, a Republican, and Joe Barton, a Democrat, will each introduce bills, according to aides.
Previous bills in Congress have failed. The bills, as currently contemplated, would allow individual states to opt out of federal online poker requirements.
LOS ANGELES (Reuters) - Legislation to allow online poker gambling in the United States will be introduced in Congress that would give casinos a larger market than the current few states which allow it, like New Jersey and Nevada.
Online poker would generate $10 billion in added revenues by 2017 if allowed by federal statute, according to the American Gaming Association. About $4 billion is now being spent for illegal sites, the AGA said.
U.S. casinos have been slow to launch online poker sites because the slow pace of state approvals doesn't allow them to cross state lines to attract more gamblers and bigger winnings.
MGM Resorts International believes Nevada may be too small a market for it to serve with an online site, Chief Financial Officer Dan D'Arrigo told Reuters.
The bills will likely face opposition by state legislatures and lottery officials. If passed, the legislation would allow the federal government to preempt states like Nevada and New Jersey that are moving ahead with their own laws and accelerate efforts in states like California and Illinois that are considering such legislation.
Congressmen Peter King, a Republican, and Joe Barton, a Democrat, will each introduce bills, according to aides.
Previous bills in Congress have failed. The bills, as currently contemplated, would allow individual states to opt out of federal online poker requirements.
If they do legalize it, I hope the rake is reasonable. I could see Uncle Sam wanting to get 5% of every pot in addition to what the Online Site gets.
Eventually, all these "morality" laws will be off the books. It just takes forever to get it done. The country today is a lot different than when these laws went on the books a 100 years ago.
If they do legalize it, I hope the rake is reasonable. I could see Uncle Sam wanting to get 5% of every pot in addition to what the Online Site gets.
Eventually, all these "morality" laws will be off the books. It just takes forever to get it done. The country today is a lot different than when these laws went on the books a 100 years ago.
We are the only country where it is illegal to play online poker. If anything get rid of all the lotteries and scratch offs and use online poker money to fund state education. Unbelievalble how much the US government is against online poker.
We are the only country where it is illegal to play online poker. If anything get rid of all the lotteries and scratch offs and use online poker money to fund state education. Unbelievalble how much the US government is against online poker.
We are the only country where it is illegal to play online poker. If anything get rid of all the lotteries and scratch offs and use online poker money to fund state education. Unbelievalble how much the US government is against online poker.
In fairness to the US government, online poker could be used very easily to launder money, and it would be almost impossible to regulate it to the point where cheating is impossible.
We are the only country where it is illegal to play online poker. If anything get rid of all the lotteries and scratch offs and use online poker money to fund state education. Unbelievalble how much the US government is against online poker.
In fairness to the US government, online poker could be used very easily to launder money, and it would be almost impossible to regulate it to the point where cheating is impossible.
In fairness to the US government, online poker could be used very easily to launder money, and it would be almost impossible to regulate it to the point where cheating is impossible.
Do you think we ever will be able to play it online here in the US? Just seems so ridiculous that we cant play here.
In fairness to the US government, online poker could be used very easily to launder money, and it would be almost impossible to regulate it to the point where cheating is impossible.
Do you think we ever will be able to play it online here in the US? Just seems so ridiculous that we cant play here.
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