Online gambling out of "Dark Ages" soon? - Horse Racing Forum - PaceAdvantage.Com

horses4courses · 04-25-2010, 08:07 PM

Can a bill to repeal the Unlawful Internet Gambling Enforcement Act, which takes effect on June 1st, make it through the House of Reps?

http://www.miamiherald.com/2010/04/2...#ixzz0m7934Lpp

It's time for change on this issue, imo.

JustRalph · 04-25-2010, 08:24 PM

Add 8% to the takeout.........nice

thaskalos · 04-25-2010, 09:12 PM

They want to charge the depositors an 8% fee for the privilege of losing their money to an online casino? How have online gambling companies overseas managed to thrive all these years by giving deposit BONUSES, rather than charging deposit fees? This is the best Bernie Frank could come up with after all this time?

horses4courses · 04-25-2010, 09:20 PM

I agree that taxing the player is not the answer.
Seems to me that the companies doing business in this arena should be liable, rather than the customer.

However, getting the current legislation overturned which bans the activity altogether, has to be the current focus as the June 1st deadline approaches.
It's obvious that improvements will need to happen after that.

trying2win · 04-25-2010, 09:49 PM

So, Barney Frank, the gay Elmer Fudd wants to legalize online gambling and add another 8 % takeout to gamblers wanting that privilege. Is he crazy or what? I'm assuming that 8 % tax would hit horse players as well as casino game players.

If I had the power I'd allow interstate gambling on horse racing only with no taxes added for that privelege. Casino gambling online is a bad idea. Like some of the Focus On The Family representatives point out in the article, there is a lot of people with pathological gambling problems. I'd bet (pardon the pun) that most of those problem gamblers are from betting on casino games and not horse races. I agree with the notion that legalizing online casinos would only compound the pathological gambling problem.

Citizens need to speak out more about bad ideas from politicians. Why don't
government officials show some gumption and eliminate a lot of unnecessary government jobs and programs, apprehend and deport more illegal immigrants and many other things that cost taxpayers unnecessary taxes, instead of taxing citizens more and more. What the "h' is the matter with these politicians anyway? Too many arrogant, stupid and spineless politicians around, especially of the TAX-AND-SPEND type.

T2W

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--Winston Churchill
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slew101 · 04-25-2010, 10:07 PM

This is just typical nonsense from Washington. Forget the takeout and taxes, the legislation has no chance. None.

horses4courses · 04-25-2010, 10:42 PM

Well, why don't we just all quit gambling entirely, and put any such money in the church collection plate?

Some things in this country are just so screwed up....don't ya think?

slew101 · 04-25-2010, 11:06 PM

I really believe if the US government was told by experts that legalizing online gambling could erase the budget deficit and lower the jobless rate to 5 percent, the powers-that-be, Dems and GOP, would still never, ever do it.

Look at the lengths the feds went to just to prevent Delaware from offering straight bets on sports last year, even though the state had done everything right legally to obtain that?

If anyone thinks for a second online sports gambling will be legalized in the U.S., they are dreaming.

Quote:

Originally Posted by horses4courses

Well, why don't we just all quit gambling entirely, and put any such money in the church collection plate?

Some things in this country are just so screwed up....don't ya think?

horses4courses · 04-25-2010, 11:21 PM

If anyone thinks for a second online sports gambling will be legalized in the U.S., they are dreaming.[/QUOTE]

You are, without a doubt, correct in stating that.
Mob families, and illegal bookies throughout the country, can breathe easy.

Robert Goren · 04-25-2010, 11:25 PM

It is conceivable that this could get out of the house, but it would never get out the Senate. No Republican will cross minority whip Sen Jon Kyl (R-AZ) on gambling. Things will stay the same until we get a republican president and then Senator Kyl will see that no internet gambling including horse racing will be able to be funded. Those who want Obama out, remember that ADWs go out with him. If you don't believe me, fire an email to any republican congressman or senator asking them if they favor any form of online gambling. Ask any ADW executive if I am not right. JMO

Robert Goren · 04-25-2010, 11:29 PM

I for one would be happy to pay an 8% tax on deposits(but an 8% tax on bets is deal breaker)if it make things legal once and for all. JMO

horses4courses · 04-25-2010, 11:40 PM

Quote:

Originally Posted by Robert Goren

It is conceivable that this could get out of the house, but it would never get out the Senate. No Republican will cross minority whip Sen Jon Kyl (R-AZ) on gambling. Things will stay the same until we get a republican president and then Senator Kyl will see that no internet gambling including horse racing will be able to be funded. Those who want Obama out, remember that ADWs go out with him. If you don't believe me, fire an email to any republican congressman or senator asking them if they favor any form of online gambling. Ask any ADW executive if I am not right. JMO

Fair assessment.
Nobody like John Kyl to protect the public from themselves.

8% tax on deposits would be driven down by competition.
Companies seeking more business, I believe, would waive those fees for suitable players.

slew101 · 04-26-2010, 12:41 AM

Horse racing will always keep its exemption, since GOP Sen. Mitch McConnell from Kentucky is the minority leader and he'll see to it horse racing gets its pass.

One of the tricks some Democrats used in trying to block the act's passing in was a full ban on all online gambling if the bill passed. They knew McConnell wouldn't allow it, because the horse racing industry would be all over him. But their amendment failed, and the language was never included.

I'm one who believes it doesn't matter what party is in control. Gamblers will get the shaft regardless. Remember, Pelosi and Reid backed the act's passing.

[QUOTE=Robert Goren]Things will stay the same until we get a republican president and then Senator Kyl will see that no internet gambling including horse racing will be able to be funded.

slew101 · 04-26-2010, 12:49 AM

Don't forget the biggest jerk of them all, Bill Frist. Now there is a clown.

[QUOTE=horses4courses]Nobody like John Kyl to protect the public from themselves.

lamboguy · 04-26-2010, 09:22 AM

if they tax everything except for legal horse gambling that would be a big shot in the arm for the horse industry. if they tax legal horse gambling you can say good bye to the game.
if they do have a bill, they better get it through right now before the family oriented republicans take charge and have to look good in front of their base.