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Lawmakers Want Internet Gambling13 March 2003WASHINGTON, DC – As reported by the Associated Press: "A small bipartisan group of lawmakers wants to let states regulate and tax Internet gambling, even as others in Congress renew efforts to ban the burgeoning form of wagering. "Rep. John Conyers, D-Mich., introduced legislation Wednesday that would pave the way to legalizing Internet gambling in states interested in licensing, overseeing and collecting taxes from the growing industry. "…Disputes over how to define illegal gambling, what forms of wagering to exempt and how to enforce a ban have prevented Congress from agreeing on legislation. "…The House Financial Services Committee approved legislation Thursday that would prohibit the use of credit cards, checks and electronic fund transfers to pay for online betting transactions. "…Internet gambling has exploded. Christiansen Capital Advisors, which studies the gambling industry, estimates that online wagering worldwide will top $6 billion this year and $10 billion in 2005. "Leaders of the long-running effort to ban Internet gambling say it cannot be effectively regulated. "…The Conyers bill would create a commission to study such questions. "…The American Gaming Association, which represents commercial casinos, continues to support a ban on Internet gambling `as it exists today,' while holding out the option of backing a system in which online casinos are regulated and taxed…" |