Thursday the 11thJuly saw the introduction of Republican representative Joe Barton’s latest bill to Congress that if passed would allow for federal legislation for all states to have online poker, if wanted.
This is the second bill this year following on from New York Congressman Peter King’s called “the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2013.”
How the bills differ is that King’s bill allows for all types of online gambling, where Joe Barton’s bill only allows for online poker.
Nevada, New Jersey and Delaware have legalized some kind of online gambling, and legislatures in other states are considering their options on moving forward with online gambling.
Barton’s legislation, called the Internet Poker Freedom Act, would only apply to poker and would allow states to opt in or out of the federal system.
“Poker is an all-American game. It’s a game that I learned as a teen and continue to play today. Just like millions of other players I enjoy the strategy and skill involved,” said Mr Barton. “I continue to be supportive of the Americans who play poker online. They deserve to have a legal, on-shore system that makes sure everyone is playing in an honest and fair structure.”
Morgan Stanley predicts that by 2020, online gambling in the U.S. will produce the same amount of revenue as Las Vegas and Atlantic City markets combined: $9.3 billion. But states cannot get there on their own. A more fluid market is needed to drive up pots and create a robust stream of tax revenue.