HR 5767 and the Future in USA Based Online Gambling

Ron Paul and Barney Frank introduced bill HR 5767 in order to prohibit the US government to ban online gambling in the United States, this after the introduction of the actual 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 stop this ban and have the US government regulate national gambling, which would in turn generate billions in revenue for the government over the course of a decade.

It is quite shocking and sad to see that the bill did not pass in congress sa gaming. First of all, the bill would have been a great help to the already damaged US economy as the revenues the government regulation would bring into the government are in the billions over the course of a decade, and that is just the start. Another positive fact is that if the bill were to have 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 are still gambling despite the fact that there 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 while not taking in revenues from online gambling operations.

The bill was turned down in part due to the Las Vegas entrepreneurs and operators lobbying the government in order to succeed in the ban due to the reasoning that since Americans will not be able to gamble online, where else than Vegas to make bets, wagers, and have a good time in general, therefore promoting tourism and economic activity in the city.

The future is quite grim after HR 5767 failed to pass as now the ban remains, and Americans will not be able to gamble online, at least for a long time until another bill like this one comes to the senate floor for discussion. It would have been better for the government to lift the ban, and promote the Las Vegas entrepreneurs to compete with each other over the internet than to ban the gambling operation and stop from gaining billions in taxes and earnings from regulation.

In places like most European countries, this type 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 learn from these already successful methods of gambling operation s and try to promote it in their own country instead of trying to impede it in order to make their clients go in a physical manner to their casinos. It is much cheaper and much more effective to have online virtual portals than to spend billions in physical infrastructure.

Online gambling is illegal in many jurisdictions and users should consult legal counseling regarding the legal status of online gambling and gaming in their jurisdictions. The information in this article is for news and entertainment purposes only. Online gambling is fast becoming a major threat to government revenue from gambling, and to its control over how and where gambling takes place.

Online gamblers are becoming more savvy and security conscious so when they begin looking for an Internet casino other factors come in to play, other than who is offering the biggest bonus. Players want to know that their security particulars are completely safe and that nobody will abuse their trust.

Online gamblers are quick to point out who the rip-offs are, but sometimes have a knee-jerk reaction to bad experiences. Sometimes a shill or two will appear. Online gamblers are not going to quit gambling because the U.S. government needs to recognize this need and instead of fighting it, they should accompany and limit it with economic methods such as a high tax.

Law enforcement agents have seized the media spotlight by telling scary stories and demanding new powers to crush Internet gambling. As the futility of prohibition becomes more and more evident, however, cooler heads in state revenue departments will begin to see Internet gambling as a huge new cash cow.

In conclusion, Internet gambling may be of interest to many people, because they can gamble from the comfort of their own home without all of the smoke filled rooms. However, if someone is not careful, they could lose a lot of money online, and turn into a compulsive gambler. I personally stay away from any form of online gambling, since there are plenty of other ways to make money online.