|The US House of Representatives has backed a bill which could bring an end to online gaming in its current format. The bill, sponsored by Republican Bob Goodlatte, aims to rein in online companies and make it illegal for US banks and credit card companies to make payments to online gaming sites.|
Although the industry generates upwards of $12 billion a year globally, Representatives seem reluctant to regulate and take taxes, rather than implement a ban. If the bill passes through the Senate and then the President, states where gambling is illegal would be affected. Sites would be unable to take payment from customers in these states.
The House voted 317-93 in favour of legislation to outlaw online gambling in its present form. Supporters of the bill expressed their delight afterwards. Business professor John Kindt of University of Illinois said,``It puts gambling in every living room, at every school desk and at every work station.''
The American Gaming Association have already stated their concern about the bill. They are hoping that the fact the bill has to be passed by November, prior to elections, means that it will be stalled indefinitely.