Online Gambling Could Generate 42billion Tax Revenue US Congress Told

beangel40 · #1 (**permalink**) 02-01-2008, 04:14 AM

Online Gambling Could Generate $42 billion Tax Revenue US Congress Told
01 February 2025
A new tax revenue analysis announced by US House Representative Jim McDermott estimates that regulating Internet gambling would generate between $8.7 billion to $42.8 billion in federal revenues over its first ten years. The findings of the analysis, prepared by PricewaterhouseCoopers, were provided to all Members of Congress by McDermott this week.

read here Gaming Intelligence Group.com - Online Gambling Could Generate $42 billion Tax Revenue US Congress Told

bartongrl1 · #2 (**permalink**) 02-01-2008, 05:01 AM

Shoot, if thats the case, online gambling could help wipe out the national debt.

lvpoker · #3 (**permalink**) 02-01-2008, 09:35 AM

Well Then What The Heck Is The Problem.. Hello People

hbradley · #4 (**permalink**) 02-01-2008, 03:34 PM

Thats great news now if they can stop analyzing and start implementing we are on our way.

casinogirl06 · #5 (**permalink**) 02-01-2008, 04:28 PM

Well said hbradley I couldnt agree with you more.

beangel40 · #6 (**permalink**) 02-03-2008, 05:00 AM

IMO the only way this is goin to work is if the government can fix it to where thay get the biggest cut form the income

lvpoker · #7 (**permalink**) 02-03-2008, 12:09 PM

Exactly Right Beangel40!

bartongrl1 · #8 (**permalink**) 02-04-2008, 04:58 AM

I am wondering how long it will take to implement everything and get things back to a semblance of normalcy.