US situation

Hey guys,

What do you think about the situation in US? What do you think it's going to happen?

I think the gambling will continue, but it will be increasingly difficult to get your money because of government raids and fickle casinos.

And what about legalizing the gambling industry to make it taxable? Fianlly, I think this is the ultimate goal of the US government...

I hope so. The Online gambling industry won't resist with out American players.They are the most important economic actors in this business.

Thanks for your responses.

            I agree Lips,  there's far too much revenue that theoretically could be taxed.  It could be a win-win (pun intended)  situation for all of us. 

Definitively, this would be a win-win situation. However, as always, institutions are slower than social changes. 

Legalization will come sooner than anyone's guess.
Like Bongo said, there is just too huge tasty profit on a plate that they will and can ignore...

I think that legalization is the way, that would make sense.

well all i can do is cross my fingers and hope 8'|

Already in the making- the taxing of online gambling.  Still not able to legally gamble online, but the road to the Emerald City is already being paved in yellow (gold) bricks.

The Internet Gambling Regulation and Tax Enforcement Act

(from Online Casino News and Information)

In a letter after our Constitution was established Ben Franklin wrote”… in this world nothing can be said to be certain, except death and taxes.” Well over 200 years later, this still seems to be the standard. The Internet Gambling Regulation and Tax Enforcement Act, H.R. 2230 was introduced Thursday that will require online gambling companies to withhold taxes from net winnings. Which is acceptable except online gambling is still illegal in the United States.

This bill will not even legalize online gambling; just provide a tax structure for it if it ever becomes legal. H.R. 2230, which was introduced by Reps. Jim McDermott (D-Wash.), John Campbell (R-Calif.), and Barney Frank (D-Mass.) also proposes a 2 percent federal tax on the Internet gambling providers, and gives the states an option of taxing these same companies at 6% as well as the player’s tax on the winnings.

The internet gambling companies, according to this bill, would be required to provide the names, address and tax ID numbers of all its U.S. players to the government. Other information they will have to provide is gross winnings, gross wagers and gross losses on each person for every calendar year, and the amount of tax withheld on these winnings as well as tell the government how much has been deposited and withdrawn during the calendar year.

Rep. Joe Barton (R-Texas) and the aforementioned John Campbell (R-Calif.), and Barney Frank (D-Mass.)all are considering proposing a bill that would legalize online gambling or in Barton’s case just online poker sometime this year. Having a tax structure in place may help so others in Congress could actually see the money that could be generated.

Our greedy Govts will allow anything if it is taxable. As the article rightly points out, "Having a tax structure in place may help so others in Congress could actually see the money that could be generated. "  I have no doubt in my mind that it will help them see the "error" of their ways.

blue

What do you think it's the percentage of American players in the online gambling industry nowadays? In 2003, it was around 60%.

By the way, thank you for the feedback

I think the percentage of american players is very high,i dont understand why they cannot play at all casinos.