Federal Online Poker Legislation Attempt to be Sponsored Soon
The Reuters news agency has recently reported that Congressman Peter King might start pushing for the legalization of online poker at federal level. American states are currently legalizing different online gambling solutions, each state having its own internet gaming regulatory system. The new proposal will give land based casinos’ operators and entrepreneurs’ who want to open online casinos the opportunity to expand or start their businesses in a properly regulated system where unfair competition will not occur.
Experts say that only online poker might generate up to $10 billion in added gross gaming revenues by the end of 2017, if the federal law will be implemented. Besides that, $4 billion are currently generated by illegal online poker operations. Investors are also saying that Nevada is a small market where competition could become fierce, while a federal solution will enable states to cooperate in any way they desire.
The media has not given exact details about when and how the new bill will be proposed. Besides Peter King, Democrat Joe Barton claimed that he will also launch an attempt so that a new federal online poker bill will be brought forward to state officials. The online gambling world is going to expand significantly in the near future, CasinoWebScripts offering solutions for all entrepreneurs who want to open profitable online casinos in a period of time when many countries are opening up to the online gambling business.
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