November 18 - Online gambling has become mainstream with millions of
Americans playing at online casinos, poker rooms and sports betting sites each
day from the comfort of their homes. If these activities were properly
regulated, US tax authorities would be able to raise millions in taxes...
However, the federal say that all forms of online gambling are completely
illegal,. The people who lobby for online gambling to remain illegal claim that
it is an activity that can and do corrupt children and create many gambling
addiction problems. This issue will be investigated on 60 MINUTES this Sunday,
Nov. 20 (7:00-8:00 PM, ET/PT) on CBS.
Gaming executives in Britain feel that the American treasury is missing out.
"We estimate that the American government would have raised $1,2 billion in
taxes in 2004" claims Nigel Payne, the CEO of London-based Sportingbet, an
online gambling giant. He goes on to say that he would be very happy to pay US
taxes if the industry were to be regulated. Sportingbet estimate that 11.5
million US citizens gamble online.
However, there seems to be a shift in position of the domestic gambling
industry. Seeing offshore competitors make million is frustrating the large US
gambling companies. However, there is as yet no real move in Congress to
legalize online gambling.
Related Gambling Articles:
- New Online Casino Gambling Games Coming Soon
- Online Gambling Pro Wins in Monte Carlo
- Online Casino Offers $15,000 Prize Package
- Online Gambling Group Announces Poker Upgrade
- Online Gambling And Kids Should Not Mix
- Online Gambling Shows Massive Growth in 2005
- Online Gambling Advertising Crackdown Expected in UK
- 888.com Crowned As Best Online Gambling Operator
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