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Long Odds For Online Gaming Legislation In US

Posted by timothy on from the how-about-liberty-unadorned? dept.

crimeandpunishment writes "The odds of Congress passing legislation to legalize and tax online gaming are probably no better than those of filling an inside straight, but some lawmakers are pushing for it anyway, hoping to lay the foundation for future passage. At a hearing Wednesday, one lawmaker cited numbers from industry analysts that Americans bet nearly $100 billion a year on the Internet, generating $5 billion for offshore operators. He said laws to prevent online gaming are no more effective than Prohibition was to alcohol."

3 of 148 comments (clear)

  1. Re:Correction: gambling by Anonymous Coward · · Score: 3, Informative

    NewSpeak is not spoken here. The word you are looking for is gambling, not gaming. Big difference.

    Nevada Gaming Comission

    Founded in 1959. Using "Gaming" to refer to "Gambling" has been around for at least a bit of time.

    And if anyone would have some input on Gambling / Gaming, Nevada would.

  2. Re:First Thought by g0bshiTe · · Score: 2, Informative

    You're privately owned internet lines are actually owned or leased by a public utility.

    --
    I am Bennett Haselton! I am Bennett Haselton!
  3. Or I could just say ... by PPH · · Score: 2, Informative

    ... I was buying put options on the Lakers, or hedging my poker hand and call it good.

    --
    Have gnu, will travel.