Is there an online gambling bill at the end of the tunnel?
There have been some states that have already legalized online gambling but the federal government wants to have some say in all this. They want to make a national bill to regulate it. It is also expected, in fact, that something will be introduced to the House in the spring. This is being led by Senate Majority Leader Harry Reid (D-Nevada). The hopes are uniformity so that all states have to follow one set of rules. Others have tried this and thus far have failed. Many states are legalizing online gaming in attempts to generate more funds for their state. There are also several states that are working together to find ways to work together and hoping to attract bigger numbers of gamblers. The federal law would not only create uniformity but would also help protect against fraudulent activity. Those against it say it drains the states powers and worry about how much revenue will have to go to the government. Currently, in New Jersey, legislation allows many kinds of games, including online slots, blackjack and other table games. The state will take 15% of the amount won by online casinos from players within its borders. Nevada intends to keep 6.7 percent. However, in Nevada only poker is legal. Drafts of these proposals have been viewed and have included dividing tax revenues between the federal government and states, allowing the federal government to take 5 percent to 10 percent of the tax revenue.
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