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Thread: Online Gaming Pressure Mounting on Feds

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    Online Gaming Pressure Mounting on Feds

    Online Gaming Pressure Mounting on Feds

    Pressure is mounting on Congress to legalize and regulate online gaming in the very near future. But the pressure isn't coming from gaming companies or poker players. If Congress does act soon, it will be pressure from states that are working to regulate and tax online gaming themselves that forces it to act.

    States vs. Feds
    Right now states like Nevada, New Jersey, Iowa, and others are getting ready to pass legislation to legalize and regulate online poker and lotteries. With 51 (including Washington, DC) potential sets of rules and tax structures, the pressure is on Congress to pass a bill that would regulate gaming on a federal level.

    This isn't the forum for a state versus federal jurisdiction debate, but I will take time to point out whom each side will benefit.
    By Travis Hoium
    http://www.fool.com/investing/genera...g-on-feds.aspx

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