Friday, July 30, 2010
The House Financial Services Committee approved a bill on Wednesday that would lift the ban on Internet gambling by authorizing the Treasury Department to license and regulate Web-based nonsports betting operators. A companion measure pending before the House Ways and Means Committee would let the IRS tax winnings from online wagers.
While the legislation is a long way from becoming law, the prospect of taxing the winnings that have been estimated at $42 billion over 10 years would be a huge source of revenue for the government. Should Internet gambling be legalized?
- Raymond Sauer (Clemson University, Department of Economics), A Historical Tradition
- Earl L. Grinols (Baylor University, Hankamer School of Business), Too Many Negative Side Effects
- Michelle Minton (Competitive Enterprise Institute), Bans Don't Work
- John Kindt (University of Illinois, College of Business), Keep the Ban
- Annie Duke (professional poker player), Personal Freedom
- Les Bernal (Stop Predatory Gambling), A Predatory Business
- Robert Hahn (University of Manchester, Department of Economics), Leveling the Playing Field
- Larry Ashley (UNLV, Problem Gambling Treatment Program), Why Add More Options?