Plans are currently underway at Obama’s administration to proceed with introducing internet gambling law for the USA, drafts of which can be expected as early as March 2009 which will be headed by Congressman Barney Frank (D-MA) who currently chairs the US House Financial Services Committee, the new online gambling legislation is set to address the vagueness of the previously passed (UIGEA) Unlawful Internet Gambling Enforcement Act.
Now that the $700 Billion bailout has been approved by the US Senate and the house of representatives, Washington can focus on internet gaming. Obama’s team will be looking for any means available to help fund the massive bailout package and what better source than taxing internet gaming operators an industry in the USA worth potentially billions of dollars in taxes to the US government.