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Posts Tagged ‘legislator’

Legalizing Gambling Still Being Debated

Wednesday, July 28th, 2010

If you look at any US state, legislators are in the middle of heavy debates over the question of legalizing gambling. It is interesting to see the developments in the issue, but overall there are still staunch sides to the issue and they are holding up well against eachother. On one side you have those who are against legalization of gambling. A good portion are completely against the activity’s legalization, but another portion is looking at the issue more conditionally. They believe that gambling should not be legalized without the proper regulatory laws put into place. They aren’t completely against gambling; they are just worried that without the proper laws, gamblers won’t be protected at all. They worry that legalization of gambling will bring an increase in gambling ddiictions without the adequate programs to help people, crime with inadequate police protection to handle it and poverty with no public works programs to aid in fixing the issues. Their belief is that rules need to be put into place that protect players, casinos and the communtiies surrounding gambling organizaitons before any legalization issues are addressed. Currently legalization codes are not adequate to dictate what gambling rules should be.

On the other hand there are the legislators who believe that gambling should be legalized. Their position is that online gambling is a billion-dollar business and the states cannot turn away this kind of revenue at this time. Most states’ economies have been ravished by the recession and without some viable option to help them recover, they are going to continue to have to manage deficits. Gambling is the only billion-dollar money generating activity on the table right now and the legislators are pushing for its legalization. Some states are already earmarking gambling revenues for various public works, development and expansion efforts in years to come. They confidently believe that the money will be brought in once gambling is legalized and regulated under adequate laws. Only time will tell which side wins out, but most likely legalization will happen. State legislators are not going to want to put off the kinds of revenue that is avaliable if they make the move to legalize gambling for good.

Legislators Making Changes in Gambling Law

Thursday, July 15th, 2010

Taking priority on the books of legislators is the issue of legalized gambling. Legislators are moving quickly to revamp the old laws, namely the UIGEA, or Unlawful Internet Gambling Enforcement Act. This was an act put into motion back in 2006. The act named gambling activities online illegal and tasked banks with policing, flagging and stopping all activities. Unfortunately, that threw an additional cost onto the banks because then they had to hire extra help and install new software that detected illegal gambling activities. There was a big problem though—banks were well aware that since they were responsible for gambling activities, they would incur huge penalties and fees if they let some activities slip through their cracks. Because of this, banks got overzealous in their denying activities. In fact, activities that should have been legal were stopped by banks for fear of infringing on federal rulings against them. Lotteries and various non-profit gambling activities that should have been deemed legal were turned away instead.

The UIGEA proved to e ineffective in other ways too. Though the bill was concerning online gambling, it never defined what exact activities fell under the heading of “gambling.” Did that mean everything that involved “chance” and potential payouts? Did it involve any RNG-based (or random number generator) activity that paid out monetarily? No one bothered to answer these questions prior to writing the UIGEA’s code or after. That left legislators in a quandary when things had to be revisited. No one ever defined gambling and now legislators are hard-pressed to rethink the things they left out of the UIGEA and how to best implement a more ubiquitous code for future generations to work off of.

You can expect that legislators are going to be working hard on the new code that is going to run gambling law. States and cities throughout the US are pining hard for legalized and regulated gambling activities. They know the millions of potential tax-revenue dollars that are available if the plans go through. After a difficult recessionary period, it is next to impossible to ignore the possibilities of bringing in so much revenue on a consistent basis over the next few decades.