Wednesday, October 28, 2009

Bill Lifting US Online Gambling Ban Seen Raising $42B In Revenue

By Corey Boles     * OCTOBER 28, 2009, 5:33 P.M. ET 

Of DOW JONES NEWSWIRES



WASHINGTON (Dow Jones)--A measure decriminalizing many forms of Internet gambling would raise nearly $42 billion for the U.S. Treasury over the next decade, according to an analysis conducted by a non-partisan congressional scorekeeper.  The Joint Committee on Taxation said that after reviewing legislation that would lift an online gambling ban, it concluded the move would generate $41.8 billion over 10 years.  The legislation would allow Internet poker, but continue a ...





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