Legalizing Online Gambling
Gambling is prevalent throughout the United States and is regulated by state and federal laws. There are several types of gambling, and Congress has used its Commerce Clause power to restrict gambling, including outlawing sports betting with certain exceptions and prohibiting the unauthorized transportation of lottery tickets. It has also regulated the amount of gambling on Native American land.
While there are many laws prohibiting gambling, some states have decided to legalize online gambling. In Nevada, online poker is currently illegal, and Republican Congressman Joe Barton is introducing legislation to legalize online poker. Meanwhile, Nevada Republican Senator Dean Heller and Democratic Congressman Harry Reid are pursuing legislation to legalize online poker. If the federal government passes such a law, states will have to implement similar laws to protect their citizens. In addition, states must prioritize revenue generation. No taxing authority would want to be left out.
Depending on the jurisdiction, online casinos can generate up to $80 million in tax revenue each month. In New Jersey, for example, gambling has become legal there, and the state has seen an influx of tax revenue. Several other states, including Arizona, Georgia, and South Dakota, are considering legalizing online gambling as well. Eventually, New York may also follow suit.
Internet gambling is a fast-growing industry, with more than a billion dollars in revenues in 2015, and it continues to grow. In the past, gambling took place in physical venues, like casinos and racetracks. But today, it takes place on PCs and mobile devices.