A report on The New York Times indicates that the United States Congress may be rethinking its decision on the ban imposed on internet gambling four years ago. According to the report, the House Financial Services Committe has approved a bill in this regard that would mandate the United States Treasury to commence licensing and regulating activities related to internet gambling inside the country.
This is just one step in the entire process of legalizing internet gambling though. Another measure is pending before the committee that will direct the IRS to begin taxing businesses and individuals on their revenues. The US Government is expected to earn as much as $42 billion from the opening up of internet gambling in the next ten years.
It will be interesting to see how the lobbyists who had apparently spent “tens of millions” to effect the ban in 2006 will react to this change in Government policy. What do you think? Is legalizing internet gambling a good thing?