New Internet Gambling Legislation Would Collect Billions in New Revenue
Congressman Jim McDermott (D-WA) introduced yesterday the Internet Gambling Regulation and Tax Enforcement Act of 2008 that would ensure that taxes are collected on regulated Internet gambling activities. These revenues are estimated between $8.7 billion and $42.8 billion over ten years, according to a recent tax revenue analysis prepared by PricewaterhouseCoopers.
Related Gambling News:
- Lawmakers Combine Internet Gambling Legislation
- States Move to Collect New Revenue From Sports Gambling for Critical Government Programs
- Police say Harrison gambling ring used intimidation, violence to collect bets
- Goodlatte, Leach merge Internet gambling legislation
- US to make billions from web gambling laws
- Federal Internet Gambling Prohibition Legislation Re-Introduced
- Are Pro Sports Leagues Supporting Internet Gambling?
- Poker Players Decry Attempt to Sneak Internet Gambling Legislation Into DoD Bill
- Federal Bill Calls for Study of Internet Gambling
- Second Look: Internet Gambling Sites
- Has California opened up online gambling?
- Congress pass measure to deter Internet gambling
Casino gambling facts:
- By the 1370s, playing cards had reached Europe in a form that is recognizable today, with a pack consisting of 52 cards with suits of swords, polo-sticks, cups and coins.
- By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.
- During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
- Indian tribes have used their position as sovereign entities to develop a number of gaming establishments. Indian casinos operate in 22 states. This number is expected to grow.
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