May 22nd, 2008
excerpt:
WASHINGTON, May 22 –
The Safe and Secure Internet Gambling Initiative (SSIGI) announced its support for attempts to legalize sports betting in Delaware and New Jersey. Legislators’ in both states are seeking to collect revenue from sports gambling, which is currently being lost in an underground, uncontrolled marketplace. Bookies fail to pay about $7 billion a year in federal wagering excise taxes, according to an Internal Revenue Service estimate based on a National Gambling Impact Study Commission.
“While some form of gambling is allowable in almost every state, it is totally hypocritical that there would be a line drawn in the sand for sports gambling, an activity that continues and is estimated to illegally generate up to $380 billion per year in the U.S.,” said Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative. “A prohibition on sports gambling means that billions of dollars in much-needed tax revenue that could be used for education and other government programs is being lost to bookies and off-shore Internet gambling operators.”
Author Contact Info: Safe and Secure Internet Gambling Initiative
