American Gaming Association: Online gambling tops industry concerns

[beaston]

I think it was only a matter of time before offline casinos started pushing for legalization of online gambling to increase not only their revenues, but tax dollars for their cities as well.

I believe that once casinos in Vegas, Reno, Atlantic City and other cities start pushing for legalization, congress won't have much of a choice but to legalize and regulate online gaming. One sector that we won't see legalized, thanks to the NFL and other professional sports leagues, will be sports betting. I'm pretty sure that Americans will never be allowed to place bets with an online bookie.

The legalization of Internet gambling will be the hottest federal issue facing Nevada's gaming industry in the next few years, the president of the American Gaming Association said.

The need for new tax money could drive its legalization in both houses of Congress, said Frank Fahrenkopf, the AGA president and CEO.

"There have been projections circulated on the Hill that it can raise billions of dollars in new federal revenue," said Fahrenkopf, a Reno High School graduate. "So we can expect that the whole issue of Internet gambling will be front and center in the next Congress."

Federal lawmakers see that potential tax revenue from Internet gaming could fuel their legislative agenda, Fahrenkopf said.

Source: http://www.rgj.com/article/20081116/BIZ/811160313

[slotnut]

And when this day comes, the entire government will look like the frauds they are...because they originally said no internet gaming because its not good for americans, It was addictive and dangerous for our children..lol..and that it did no good for anyone....so no, they will not legalize.

BUTTTTT....let them find a way to use it to thier advantage...[ money ] and all of a sudden, its ok to play now....just "show me the money"....