Still another bill has been introduced to Congress regarding online gaming; but does it pass?

We have talked a lot about how America is going to be waiting for a time before they get any action that is federal online gambling regulation. That’s still most likely true, but it isn’t because of an absence of bills that could do the work.

Bills, Bills, Bills

A week ago, Representative Jim McDermott (D-Washington) introduced a bill that could once again manage online gambling at the federal level, splitting tax revenues between the states that players live in and the government. That bill joins two more introduced earlier this season by Representatives Peter King (R-New York) and Joe Barton (R-Texas), all of which are variations on the same theme: federal oversight and regulation of at least some forms of on the web gambling.

McDermott’s bill is in fact compatible with King’s effort. The McDermott bill would enforce how the taxation distribution from online gambling would work, with 12 cents of every dollar deposited reportedly being collected by governments at various levels. Two-thirds of this money would go to the state or tribe where in fact the gambler is playing, while the other third would go to the government that is federal.

The bill is more comprehensive than the Barton bill, which would only apply to internet poker. States will be able to decide in or out from the federal online poker plan under their bil Continue reading