Illinois Internet Gambling

The new Obama administration should take a hard good overview of online gaming and UIGEA.

During the campaign of Barack Obama for president, his main objective was to three major national issues: health care, education and tax cuts for the middle class. When asked how these issues would be financed, Obama said he examined the national budget and seize funds for programs or initiatives that have been found ineffective or impractical and suggested he find a new source revenues that were more realistic. Although the United States national budget is a massive and complex structure has been seriously used and abused for the past eight years, and there is no simple overnight fix or easy solutions to fix the damage being done, this is one of many areas of internal revenue generation elect Barack Obama can address ... The regulation of gambling online.

It is not known, but the fact is that online gaming has actually generated more than four billion dollars internationally in the last two years alone. Bare in mind that it came from the United States with limited participation from the implementation of UIGEA (otherwise known as the Unlawful Internet Gambling Enforcement Act). And it is expected that the online gambling industry will top fifteen billion dollars by 2012 with or without the participation of the United States. A Price Waterhouse Coopers (PWC) study revealed that the U.S. has the potential to collect at least 8.7 billion U.S. dollars and up to $ 17.6 billion over the next 10 years if it would tax and to regulate online gaming, including poker. And these figures do not include the potential of sport paris. The $ 8.7 billion figure does not include the 10 states currently have laws on the books that expressly prohibit online gambling, even if they allow some forms of gambling (Illinois, Indiana, Louisiana, Michigan, Nevada, New Jersey, New York, Oregon, South Dakota, and Washington). If all states tax and regulate online gambling, $ 33.9 billion in taxes would be generated in the next 10 years, according to the PWC study.

As a matter of national problem, there are still many other aspects of regulation of online gaming to be addressed such as monitoring the activities of minors, police black market or "rogue" casinos and support for substance abuse to name a few. But as we have done in the past with the prohibition of alcohol (which shares many similarities with irony to ban gambling online, including a national financial crisis at the time) We The American people wanted the choice of whether or not to drink the free market offered a potentially lucrative for domestic and imported products, and our government has seen a turnover of alcohol enormous tax that undoubtedly gave new life to an economy obviously failed.

Although there are many other important programs of our new president will face, as the current situation in the Middle East, international relations will be crucial for Obama. He needs to show world leaders that he is not conducting "business as usual" and will fight to correct the international financial blunders of the Bush administration. For example, the United States (USA) and the European Union (EU) are currently battling over the Unlawful Internet Gambling Enforcement Act (UIGEA) and possible violations of the World Trade Organization (WTO) The EU accuses U.S. of violating the terms established by the WTO on-line gaming companies operating in Europe. This is a perfect opportunity for Obama and his administration to a "new deal to the table" (no pun intended). This could serve two purposes, to establish a new source of revenue for our failing economy and repair broken relationship with the World Trade Organization.

T.