Ron Paul and Barney Frank introduced bill HR 5767 to be able to prohibit the US government to ban online gambling in the United States, this after the introduction of the specific ban itself called the UIGEA (Unlawful Internet Gambling Enforcement Act). The bill recently came to vote in the US government and lost. Its aim was to avoid this ban and have the US government regulate national gambling, which may subsequently generate billions in revenue for the government within the length of a decade.
It is quite shocking and sad to note that the bill didn't pass in congress. To start with, the bill could have been a great help the already damaged US economy whilst the revenues the government regulation would bring into the government have been in the billions within the length of ten years, and that is just the start. Another positive fact is that when the bill were to own passed, the government would be able to successfully, or improve its monitoring on US citizens making bets online, as the current situation clearly states that Americans remain gambling despite the fact that there surely is a current ban on internet gambling operations, and that the UIGEA law has failed. It is much better for the government to regulate and stop impeding Americans to gamble online than to ban the whole process altogether and fail in the ban itself whilst not taking in revenues from online gambling operations.
The bill was rejected simply due to the Las Vegas entrepreneurs and operators lobbying the government to be able to succeed in the ban due to the reasoning that since Americans won't be able to gamble online mega388, where else than Vegas to make bets, wagers, and have a great time generally, therefore promoting tourism and economic activity in the city.
The long run is very grim after HR 5767 didn't pass as now the ban remains, and Americans won't be able to gamble online, at the very least for quite a while until another bill like this 1 concerns the senate floor for discussion. It could have been better for the government to lift the ban, and promote the Las Vegas entrepreneurs to compete together on the internet than to ban the gambling operation and stop from gaining billions in taxes and earnings from regulation.
In places similar to European countries, this kind of gambling has become acceptable, and has grown in staggering popularity. Governments take in revenue from online gambling operations, and punters are happy performing bets online in fair regulated markets. USA based casino operators should study from these already successful methods of gambling operation s and make an effort to promote it in their very own country in place of attempting to impede it to be able to make their clients go in a physical manner for their casinos. It is much cheaper and much more effective to own online virtual portals than to invest billions in physical infrastructure.
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