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11 Jul 2006
US legislative moves that could make it illegal for American citizens to play online poker will deprive the government of over $3bn in federal and state revenues, it was claimed today.
A new study by the Poker Players Alliance, prepared by Judy Xanthopoulos, an economist with Quantria Strategies, noted that the US government would collect a "significant potential source of revenue" if it were to incorporate online poker into the national economy.
"This study validates that the benefits of regulating online poker in the US far exceed the value of prohibiting the activity," said Michael Bolcerek, president of the Poker Players Alliance.
"Internet poker is an incredibly popular pastime for millions of Americans. Keeping Americans away from this game is not only unfair but, as this study shows, would deny state and federal coffers an important source of revenue."
The Poker Players Alliance analysis, which only looks at the impact of regulation and taxation on internet poker, supports the bi-partisan effort in Congress to create a federal commission to examine all online gaming and determine how best it can be regulated within the US.
The group describes this course of action as a "rational alternative" to legislation being considered this week in the US House of Representatives which would ban Americans from playing poker on the internet.
"Our organisation enthusiastically supports regulation and taxation, rather than an outright ban," said Bolcerek.
"We remain hopeful that opponents of internet poker will realise that prohibition does not work and will embrace the idea of creating a regulated environment so that Americans can have an even higher level of comfort when playing poker online."
Internet gambling is now regulated in over 80 countries and jurisdictions. The UK passed legislation in 2005 to regulate and tax internet gambling.
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Its not the poker Its the rich and religious cash machine who screw everyone
It is a total joke that the Us banned poker as if its the big evil .Their politicians and rich people drive up profits on absolutely everything to do with the economy. For hundreds of years the people in power make deal with their influential friends and selves to drive up the profits so the rich can gleefully pull in another 60 % profit and feed the profits through their network of managers friens and associates. This in itself is why the common folk can never get ahead as the rich and powerful will not stop till they have overprofited , overtaxed and plain swindled eveveryone out of every last penny they earn . Dont blame poker because you missed the profits so far , blame the entire upper crust band of thiefs and liers who control the country.Talke a serious look at the reliogion business who lies to its follwing and drains them of every cent their followers have and use the god will get you logic on these poor sheep. Meanwhile the church and its false profits suck in everthing that the corrupt government and business world missed. Look at Britain and other countires , In years gone by their religious leaders and royalties robbed and raped the countryside leaving commom people with nothing. They still sit in their positions of power and really should be tried for their misddeds that got them in their present status. The whole sytem of the ntire world is all a bunch of lies and criminal activity , that has become wuite an art form for the rich and spiritual leaders to con the entire population of the world. Have to go I think I kust saw Jesus in my coffee grinds and better open a church to profit from this miracle.
Posted by: lawrence 04 Mar 2007