HR 5767 and the Future of USA-Based Online Gambling

Ron Paul and Barney Frank introduced HR 5767 to ban the US government from banning online gambling. That was after the US passed the UIGEA (Unlawful Internet Gambling Enforcement Act). Recently, the bill was defeated in the US Senate. The statement was intended to repeal the ban on gambling and allow the US government to regulate it. It would generate billions of dollars for the government over a decade.

It is shocking and unfortunate that Congress did not pass the bill. The bill would have been a massive help to the already weakened US economy. The government’s revenues would generate for the government would be in the millions over a decade. And that’s just the beginning. The bill would positively affect the government’s ability to monitor and improve its surveillance of US citizens who place bets online. That is despite the fact there is a ban on such operations currently in place. It’s better for the government to regulate online gambling and not make it illegal.

Because of the lobbying efforts by Las Vegas operators and entrepreneurs, the bill was rejected. They argued that Americans would not be able to gamble online, and Vegas is the best place to play and wager, thus promoting economic activity and tourism in the area.

After HR 5767 failed, the future looks grim. Americans won’t be able to gamble online for at least a while until another bill similar to this is brought to the Senate floor. It would have moved more beneficial for the government to lift this ban and allow Las Vegas entrepreneurs to trade over the internet rather than ban the gambling operation altogether and prevent them from earning billions of taxes and earnings.

This type of gambling is now accepted in many European countries. Online gambling is a source of revenue for governments. However, punters enjoy placing bets in safe and fair markets. USA-based casino operators need to learn from the success stories of successful gambling operations and promote them in their country, rather than trying to stop it. Online virtual portals are cheaper and more efficient than spending billions on infrastructure.

Everything you need to know about this Website

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