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Report: U.S. Could Reap $52 Billion From Web Gambling Taxes

Authored by Mark Hefflinger on February 26, 2009 - 9:38am.
Washington - The U.S. could reap as much as $52 billion in revenue over the next ten years by lifting its ban on Internet gambling, according to a report conducted by PricewaterhouseCoopers for online payment services firm UC Group.

That figure is up 22% from 2007, which the firm attributed to the growth of online gambling in the U.S. -- despite the three-year-old legal ban being in place.

Reuters noted that Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, plans to reintroduce a bill this year that would overturn the 2006 Unlawful Internet Gambling Enforcement Act.  

 

Related Links:
http://tech.yahoo.com/news/nm/20090226/tc_nm/us_usa_gambling_internet_2

Published in DMW Daily, February 26, 2009
tags: Law | Policy | Gambling | Reports | Research | Barney Frank | PricewaterhouseCoopers | UC Group |



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