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States to Gain $30bn from Revised U.S Online Gaming Bill

31st March 2010 8:09 am GMT

Congressman Jim McDermott announced Tuesday that he is re-introducing the Internet Gambling Regulation and Tax Enforcement Act featuring revisions which include an incentive for states and tribes to participate through a 6% tax on all deposits with licensed online gambling operators, generating up to an estimated $30 billion for state coffers over ten years.

The bill is a companion to legislation introduced by Rep. Barney Frank (Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009) [...]

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