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Industry observers are watching to see if members of Congress will seek to attach a bill legalizing online poker to US President Barack Obama’s jobs creation bill.
Supporters of i-Gaming legislation, including Senate Majority Leader Harry Reid, believe that the legalization of online poker will help to stimulate job growth and bring billions of dollars to federal coffers. Opponents to similar proposed legislation in the past such as Arizona Republican Senator Jon Kyl also have expressed support for regulation in recent months.
There are multiple bills currently drafted at the federal level.
President Obama would like his bill to pass in September though resistance is anticipated. The bill is reportedly “revenue neutral” with Obama “planning to pay for every penny of it” with offset savings.
- Aaron Goldstein, Gambling911.com
