by: Gene Koprowski.
Gambling advocates reckon the new report
prepared by accounting firm PricewaterhouseCoopers will help propel
efforts in Congress this year to repeal the 2006 Unlawful Internet
Gambling Enforcement Act.
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The U.S. government could earn nearly $52 billion in revenue over the next 10 years by removing a three-year-old ban on Internet gambling and taxing online gaming, according to a new study.
Gambling advocates reckon the new report prepared by accounting firm PricewaterhouseCoopers will help propel efforts in Congress this year to repeal the 2006 Unlawful Internet Gambling Enforcement Act.
"There is a dramatic need to have a regulated system that protects American consumers. Right now, it's the Wild West," Jeffrey Sandman, a spokesman for the Safe and Secure Internet Gambling Initiative, said.
That consortium includes the London-based Remote Gambling Association, which represents European online companies that lost billions in market value after Congress passed the 2006 law and they withdrew from the American market.
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