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Good LA Times article on online poker

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  • Started 8 months ago by TheEngineer
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  1. TheEngineer
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    Digg: http://digg.com/world_news/LA_Times_...oker?OTC-fft-3
    Direct link: http://www.latimes.com/business/la-f...1924643.column

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    Calling America's bluff on Internet gambling

    The U.S. approach to Internet gambling, which is legal in much of the rest of the world, is absurd. The activity is unstoppable, so let's regulate it.

    No issue brings out America's talent for self-deception like gambling.

    To persuade ourselves that we can keep this particular sin under control, we sequestered casinos in isolated places like Las Vegas and Atlantic City reachable only by superhighways, and isolated them on riverboats where not a single card could be dealt or slot lever pulled until the vessel left the dock.

    In Mississippi, the law used to say you couldn't have a casino unless it floated on water. After Hurricane Katrina forcibly relocated a few of these sin barges onto land, the Legislature, reading the disaster as a sign from God, revised the law to let them stay put. (The riverboat states, similarly, eventually allowed their floating casinos to remain dockside.)

    Then there are the Indian tribes that have fewer members on their rolls than slot machines in their multimillion-dollar casinos.

    Which brings us to Internet gambling.

    Rep. Barney Frank (D-Mass.) and Sen. Robert Menendez (D-N.J.) have both introduced bills in Congress to lift a federal ban on much online play and clarify the law, which is even murkier than it is for physical casinos, if that's possible. Their goals include taking a piece of the action for the U.S. Treasury, on the political principle that sins always seem less deadly when there's money to be squeezed from them. The consulting firm PricewaterhouseCoopers estimated in 2007 that legalization could yield as much as $43 billion in tax revenue over 10 years if it includes sports betting, $34 billion even if it doesn't......

    Posted 8 months ago #
  2. TheEngineer
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    We hit the front page of Digg! This should help greatly with the message.

    This was my 499th Digg front page. One more to 500. :-)

    Posted 7 months ago #

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