What is the probability that this bill will pass?

We recently talked about the IGRCPEA bill passed by Barney Frank of Massachusetts in May. Unfortunately that bill hasn’t gotten much positive movement in the House of Representatives which is why we are all so optimistic about Sen. Robert Menendez (D. NJ)’s bill. Some experts believe that with the recession affected United States’ businesses and governmental budgets, it may be more open than in the past to consider alternate routes of generating tax revenues – like legalizing internet gambling. Government officials are starting to notice, “Why should the Isle of Man, Gibraltar, and Malta be getting all these tax revenues and rakes from gamblers? Let’s keep it in the United States!” After the tons of government bailouts to banks and automobile manufacturers they’re starting to look at big business like online casinos to bring in some cash to federal coffers.

Will internet poker and gambling finally be approved and legalized in the United States of America?

If you look back to the pre-UIGEA days, internet gambling sites were bringing in tons of new players on a regular basis. The anti-gambling laws have put a slight damper on that, but recently you’ve seen sites like BetUS, Casino Classic, Zodiac Casino, Sportsbook.com, Superbook, and others open their casinos to the American pubic. If online gambling does become legal in the United States, what happens to brick-and-mortar casinos? Is that part of the problem, special interest groups from places like Las Vegas and Atlantic City filling politician’s pockets with cash to prevent internet betting from getting legal? A lot of tough questions, but let’s keep our eyes and ears peeled for pro-online gambling supporters like Sen. Robert Menendez and Rep. Barney Frank.

[photo thanks to waldo jaquith via cc]

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