The study has shown that, even though participation rates are falling, gambling-related harm is increasing. I'll await my opponent's response before explaining further The results showed that most venues were not. But the risks, too, loom large if gambling developers fail to deliver, if the money doesn't roll in as projected, or if legal fights swamp the effort. Very few people ever look at the loss they could face.
Scratch cards linked to relapses
Passed by a Republican-controlled Congress in late , the act prohibits the use of any banking instrument -- such as a credit card, check, or electronic funds transfer -- from being used for illegal online gambling transactions. Implementation of the law has been subject to numerous delays, including a six-month postponement granted in November by the Fed and Treasury, partially at the behest of Rep.
Last week, a cadre of GOP lawmakers, led by Rep. Bachus, wrote to Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner, strongly urging them to deny the PPA's eleventh-hour bid to redefine what constitutes illegal gambling so as to clear the way for banks to do transactions with online poker sites.
Defenders of online poker, specifically the PPA, argue that everyday citizens should have the right to enjoy a simple American pasttime, regardless of whether they are in the backroom of a barbershop, or in cyberspace. D'Amato, an avid poker player who held weekly games in the Senate, sometimes while waiting for bills to come to the floor, said peer-to-peer gambling, as opposed to sports betting, does not violate any existing federal laws prohibiting forms of wagering.
For example, he said, the Interstate Wire Act of is expressly aimed at outlawing bets on sporting events. Sports betting operations and online poker sites have been able to operate in offshore locales such as Costa Rica or the Isle of Man, a U.
The latter is home to PokerStars. Fuelled by the explosion in popularity of Texas Hold 'Em and televised events such as the "World Series of Poker," online poker has become a booming industry over the past decade. By some estimates anywhere from 3 million to 15 million Americans play poker online for money. The new law about take effect June 1 should effectively cripple the online poker industry by making it exceedingly difficult for individuals to use their credit cards to participate in these games, Rep.
But PPA director John Pappas insisted that the official June 1 compliance date, known in some circles of the online poker world as "D-Day," will have little impact on the industry, regardless of whether online poker gets the exemption the PPA is seeking. That's because many financial institutions have already begun to block online poker transactions before the law formally takes effect, in turn prompting many players to get credit cards from overseas.
In other words, gaming enthusiasts have already figured out how to game the restrictions. Moreover, the new law doesn't specifically ban banks from transacting with online poker sites; rather, it merely requires the banks to take proper steps to make sure that they do not facilitate any illegal gambling transactions.
And since the Wire Act, which predated the Internet era, doesn't expressly ban online poker, creating what legally amounts to a whole lot of grey areas, such opinions will not be hard to find. Nelson Rose, who runs a consulting business and website called GamblingandTheLaw. Several forms of online gambling are currently legal in the U.
Two dozen or so states allow for "advanced deposit wagering" for online betting on horse races as well as dog races and jai alai, according to Rose. Frank's effort to legalize online gambling gains any traction, it might be because the federal government needs more tax revenues, not because lawmakers want to protect individuals' rights to entertain themselves.
A separate, companion bill to Rep. Frank's proposed legislation has been introduced in the House by Rep. His Internet Gambling Regulation and Tax Enforcement Act is specifically aimed at capturing the potentially-sizable amounts of tax revenue that the government could collect if online gambling became a legal, regulated industry. Regardless of the potential windfall to federal coffers, "the American government does not need to become addicted to gambling revenue, because that will only lead to more gambling and hurt more people," Rep.
The PPA's Pappas and D'Amato both agree that the desire to boost federal coffers from gambling revenue should not drive the debate. While proponents of online poker, such as D'Amato, support the efforts of Rep. McDermott and are hopeful about their passage, they also recognize that other pressing issues, such as Wall Street reform and possibly immigration reform, will surely dominate the remainder of the session.
Meanwhile, the Justice Department and other law enforcement officials have made their position known: In written testimony submitted this week to the House Ways and Means Committee, Michael Fagan, former federal prosecutor for the Eastern District of Missouri, argued vigorously against Rep. Trump says he could change his mind on Kavanaugh: Trump slams China for trying to meddle in upcoming midterms.
Father of missing 6-year-old boy: Outrage over video showing officer kicking boy. Toxic foam pollutes India's sacred Yamuna River. Is global economic growth more important than the needs of small businesses? Is gambling as a method of employment acceptable, given the fact that some people get addicted? The issue of legalized gambling cannot be resolved without conclusive answers to questions like these.
Ocean Dreams Video Slot. Should Gambling be a Legal Entertainment Option? Positive Aspects of Legalized Gambling: The economy can always use a boost, and legalized gambling could provide that.
Offering places to gamble also increases tourism, as indicated by the number of annual visitors to Las Vegas and other gambling havens. Generating billions of dollars and tens of thousands of jobs worldwide, legal gambling is an exciting way to stimulate the troubled global economy. It stands to reason that increasing the number of people who are allowed to gamble legally will reduce illegal gaming behaviors.
Those who are lucky enough to have a successful professional gambler in their household can attest to the realities of a society that embraces gambling as a legal choice. In a time of economic uncertainty, many families are learning to rely on non-traditional means of support; legalized gambling would make it easier for a professional online poker player to support those that he loves the most.
Finally, a benefit of legalized gambling is to provide a safe, exciting way to relieve stress. The online gambler who knows that his activities are legal will be far more likely to be less stressed than those who have to ponder the murky legal status of their gaming.