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Anything could happen in the lame duck session after the Nov. 2 election — even the legalization of online casinos, Schnieder said. Rep. Barney Frank,[link widoczny dla zalogowanych], D-Mass., has introduced the Internet Gambling Regulation Consumer Protection & Enforcement Act to regulate Internet gambling. A companion bill would give the Internal Revenue Service the authority to tax the casino license holders and the winnings of online gamblers,[link widoczny dla zalogowanych], which could bring $42 billion in revenue in the first 10 years.
Four years ago the federal government banned online casinos,[link widoczny dla zalogowanych], but with revenues so tight and the stakes so high, some national leaders are betting on Internet gambling for new tax dollars.
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“It’s not going to happen in this calendar year,” said Sue Schnieder of eGamingBrokerage.com and one of the leading experts on online casinos in the country. She’s been watching developments in the online casino industry since 1985 and said it’s a crap shoot when the United States will join about 100 governments around the world that permit, regulate and tax online gambling.
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