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Progress in Federal Online Gambling Legislation Efforts

Progress in Federal Online Gambling Legislation Efforts

While individual states have been making headlines for legalising online gambling within their borders, it should not be forgotten that efforts are making progress at the federal level as well.

Progress in Federal Online Gambling Legislation Efforts

While individual states have been making headlines, headway is being made to legalise online gambling at the federal level.

There is a good chance that legislation which would legalise online gambling across the nation will be introduced to the U.S. House of Representatives within the next few weeks. There have been reports that Senate Majority Leader Harry Reid is currently building a coalition to support online gambling legislation.

The author of the failed 2011 online poker bill, Rep. Joe Barton, said; “I think the states’ passage gives some incentive to the federal government to act. Whether you’re for or against Internet gambling… you don’t want 50 sets of state laws. You want uniformity.”

In recent years all proposed federal legislation relating to online gambling has only been trying to legalise online poker and leave all other forms of online gambling illegal.

The American Gaming Association says that roughly 85 countries have legalised online gambling and there is around $35 billion bet online each year. The Association believes that the US market will be worth $10 billion each year by 2017 and has the potential to grow far larger than that.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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