Online Gambling Law Process Begins Next Week | IXGAMES
Barney Frank said on Tuesday that he is finalizing a new Bill that, if approved, would overturn the Unlawful Internet Gambling Enforcement Act. The much anticipated Bill will be proposed next week. Online gambling has actually grown since the UIGEA was put in place, a clear sign that the law has not been effective. Frank saw the problems with the UIGEA immediately, and has already tried to have it overturned. Frank believes that this time around with a largely Democratic Congress, his talking points will be considered. Frank believes that people in the US should have the right to gamble online just like they have the right to do so in a casino. He feels that Internet freedoms are being compromised by the UIGEA, and is hoping his fellow lawmakers feel the same way this time around. 
The current economic crisis has caused Frank to delay the new legislation. It was expected that the Bill would have been proposed by the end of April, but now the online gambling industry will have to wait at least one more week. One study from PricewaterhouseCoopers found that the US could earn more than $50 billion over a decade if it were to impose taxes on legalized online gambling. Regards ixgames.com