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Posted by: JeffreyS at December 6, 2007, 8:21 pm

Topic: Internet Gambling Prohibition Weakens US Revenue Base Forum: Card Chat

New revenue projections submitted to congress by Representative Jim McDermott (D-WA) show that regulating internet gambling would generate between $6 billion and $15 billion in revenues for the U.S treasury in the first five years of enactment and between $17 billion and $48 billion in the next decade.

These facts alone should get lawmakers attention as stunning deficits mount in the areas of social security, health care, and education.

These revenue figures take into account that some professional sports leagues may decide to opt-out and some states may choose to allow online gaming in addition to their brick and mortar gaming.

Here is an article on the budget estimate:
Gambling legislation blog - UIGEA» Blog Archive » UIGEA is Costing the US Billions!

Let’s keep the pressure on Congress to regulate Internet gambling both for the freedom of our citizens and the welfare of our country.

To learn more about this issue and to contact your elected representative, please isit Safe and Secure Internet Gambling Initiative.

Jeffrey Sandman
Safe and Secure Internet Gambling Initiative

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