Online Gambling and the Law


Itís getting tougher to place a bet in your pajamas in the United States.  Thatís because lawmakers are cracking down on online casinos, making it more difficult for the average Joe to gamble online. 


The House passed HR 4411 in July 2006 and then sent it on to the Senate.  The Internet Gambling Prohibition and Enforcement Act seeks to thwart online gambling by restricting credit card companies from processing transactions to gambling businesses. 


The Internet gaming sites being referred to operate off-shore and service customers from all over the world.  Online gambling is big business, raking in about 12 billion dollars a year, with customers from the United States spending half of that at these sites.


The lawmakers may have forgotten but the credit card companies, most of them anyway, stopped processing transactions for online gambling sites some time ago.  Paypal doesnít even process any gambling transactions even if you have a Paypal debit card with a MasterCard logo on it.


The bill would still have to pass the Senate to become law but since it is only making the status quo official thereís really nothing to get up in arms about.  It does state that it will be illegal for anyone engaged in an online gambling business to accept any form of payment whether it is an electronic transfer or a paper check from gamblers in this country.


Online Gambling is legal in the UK.  Some online gambling businesses are even listed on the London Stock Exchange.  HR 4411 is counting on the cooperation of foreign governments as far as not accepting payments from customers in the United States.  There are rumors rumbling that at some point, we may not even be able to access unlawful gambling websites in this country.


The new bill doesnít affect horse racing and online lotteries.  These have and will continue to be legal although donít get too technical about the legality of online horse wagering.  Some say it has been legal since the 1970s because it was legal to place a bet over the telephone.  Others say it is illegal due to the Wire Act of 1961.  The Internet Gambling Prohibition and Enforcement Act just states that this act does not change the law regarding online horse wagering whether it is legal or not.


Donít buy bullet-proof drapes just yet.  Theyíre not coming after us.  If restricting the methods of payment doesnít do the trick, prosecuting the gambling businesses that accept US payments might.  Call it tax evasion if you will.  If you make money from selling goods or services to customers of the United States, you have to pay taxes on that income, even if you obtained it illegally.


It remains to be seen how much cooperation the United States will see from other countries and the bill is still up in the air as it is waiting on the Senate to pass or reject it.


It may take some time but eventually Mr. Gambling Businessman in the UK or elsewhere where online gambling is legal will be able to run his gaming site without having to worry about where the gamer is based as no one in the United States will even be able to access his website.


Still, industry-wide, that 50% of gambling revenue is going to hurt somewhere.  It will be interesting to see the outcome of this one and of course, it will be some time before any effects are felt anyway.  Far from sharing the revenue from this 12 billion dollar a year industry, the United States, through the Internet Gambling Prohibition and Enforcement Act also purports to designate 10 million dollars a year for 3 years to enforce the ban.


Stay tuned to this controversy and get dressed Ė your pajama clad crap shooting days may be coming to an end!



More articles:


eCOGRA award   Cyber-squatting   Casino mogul   Online gambling bubble   Online gambling tax    Online gambling & Carpal Tunnel  Online gambling in the UK    Illinois internet gambling    Online gambling ban    Gambling Ramblings    Betting Online    Easy winnings   $100K breasts    Bet the house    Gambling tales    Taxes and Gambling    Will Online Gambling Fold   Selecting Casinos Online    Swimming with Sharks    Online Sportsbooks    Online Gambling Ban     Online Casino History    Sports and Gambling    Online Gambling ups and downs    Online versus Offline Gambling    Online gambling   Online sportsbook   Tips for online gambling    Online gambling and work    Online gambling and the WTO   Online gambling and the law    Keeping your bankroll gambling online   History of online gambling    Gambling secure online    Famous online gamblers Gambling online versus off   The House Rules     Stories from the Table   How to Mark Cards    How to Become a Dealer   Gambling on Film     For the Frugal Gambler    Casino Security in the Brick and Mortar World

Sports betting:-

Become Your Own Handicapper   Online Sports Betting Fraud and Fair-play    Online Sports Gamblingís Biggest Bets    Sports Betting Jargon Explained      The Doís and Doníts of Sports Gambling Online    Lessons From the Cup    How to Read Moneylines and Picks     Everything You Wanted to Bet on  

Responsible gambling:-

Gambling addiction    Responsible gambling tips   What is Responsible Gambling?    What is Responsible Gambling? 2   Stories from the Edge


Poker boom continues    Online Poker freebies    Online poker percentages    Omaha Holdíem online    Online poker strategy   Red Dog Poker online    Texas Holdíem online      Playing Holdem Online    7 Card Stud    Online Poker Etiquette     Online Poker Tells 1    Online Poker Tells 2     Online Omaha Holdem     Holdem 1     Holdem 2     Holdem 3    Holdem 4    Holdem 5    Best Pocket Hands    WSOP 2006   WSOP 2005   WSOP 2004   WSOP 2003   Women and the WSOP    Sit 'n go    Tournament poker    Three card poker    The Old Regime and the Poker Revolution   Record Breaking World Series of Poker    Poker Variations   Poker Blog Review    Other Community Pokers    Omaha Hi/Lo    Omaha Hi/Lo    History of Poker    Draw poker   Community Poker Alternatives   Classic Poker Cheats    Caribbean Stud    Titan Poker   Titan Poker Walkthrough   Titan Poker Walkthrough   Titan Poker Walkthrough    Titan Poker Walkthrough   Where They Were Before   The Most Dramatic Wins (3)   The Most Dramatic Wins (2)    The Most Dramatic Wins (1)    Seven Card Variations     Seven Card Alternatives   Putting Beef in the Bankroll    How to Play Anaconda   Five Card Tactics and Tips   Five Card Alternatives    Everything Else About Online Poker   Even if you Forget Everything Else


MIT Blackjack    Playing Blackjack Online    Blackjack Core Strategy    Playing blackjack online     Best blackjack books      Blackjack strategies    Blackjack - how to count cards   History of blackjack


History of roulette    Roulette Part 1   Roulette Part 2    Roulette Part 3   Roulette Part 4


History of Craps   Craps 1    Craps 2   Craps 3    Craps 4     Craps 5    Craps 6     Craps 7   Its not Craps its Sic Bo

Video Poker:-

Video Poker strategic benefits    Online Video Poker


Online Bonus Slots   Still on Slots    Bonus Slots & Video Poker


 © 4 Online Gambling .com. All rights reserved

subscribe  I  Add us to your favourites!   contact us   I   site map  I