Congress Changes Could Affect Online Gambling
The new United States Congress could also mean a new approach
to online gambling and the laws that are related to it. The
Republicans passed a highly controversial law in 2006 that
was signed by President George W. Bush that put serious restrictions
on internet gambling and moving money to and from online casinos.
Banks in the United States however immediately complained
that the law was virtually impossible to enforce and that
it was not cost effective to do so. Beyond that online casino
payment method companies quickly developed ways around the
law to make it worthless. With the United States Government
facing serious deficits and a recession that has not gone
away it is looking more possible that the new Republican Congress
could work with Democrat President Barack Obama to lessen
While many Republicans remain opposed to easing restrictions
there are more libertarian types within the party that argue
that the 2006 law cost them support and a majority in the
Harry Reid, Democrat leader of the Senate, is also working
to ease restrictions as the Las Vegas Gaming industry wants
to expand into the online casino area to increase revenue
as they believe that their businesses are being harmed by
the growing industry online.
The government also realizes that there has been an INCREASE
in online gambling activity since that 2006 law was passed
and that they are passing up huge sources of potential revenue
on a pointless law.
With the government needing money to close the gap of the
red ink and with the online casino industry continuing to
explode a compromise bill could be coming soon.