|The US National Collegiate Athletic Association urged senators Tuesday to pass legislation aimed at cutting off the money supply to Internet casinos. |
The legislation, sponsored by Sen. Jon Kyl, R-Ariz., would prohibit the use of credit cards, checks and electronic fund transfers to pay for online bets. The House Financial Services Committee approved similar legislation last week.
Sen. Richard Shelby, R-Ala., said Internet gambling appeals to underage and compulsive gamblers, circumvents state laws on gambling and is “a logical medium for laundering money.”
Meanwhile, a bipartisan group of legislators introduced legislation two weeks ago that would create a commission to explore legalized Internet gambling in states interested in licensing, overseeing and collecting taxes from the growing industry.
Bill Saum, the NCAA's top gambling watchdog, said Internet gambling is especially tempting for college students.
“Young people, especially athletes, have characteristics that put them at risk, such as being risk-takers, being very aggressive” and believing they can do no wrong, he said.
An NCAA study also found that 5% of college athletes said they had wagered on games they were involved in and 0.3% said they had tried to change the outcome of a game they had bet on. However, Saum said he believes that is not a problem in the NCAA tournament because of the prestige and competition.