The American Gaming Association said research that shows U.S. residents bet $2.6 billion through illegal offshore gambling operations in 2012 drives home its point that online betting must be regulated.
- By Tom LaMarra
Republican U.S. Rep. Joe Barton of Texas has introduced legislation that would legalize Internet poker but no other forms of online casino gambling.
Even though overall United States casino revenues dropped for the first time this decade, domestic racinos registered double-digit percentage growth in 2008, according to a report issued May 18 by the American Gaming Association.
Legislators from around the country were urged June 2 to study existing regulations in the United States and around the world before they alter their policy statement on Internet gambling.
Taxing gaming revenues at the current rates could kill the golden goose, the president of the American Gaming Association warned the National Council of Legislators from Gaming States meeting at Harrah's Las Vegas Friday.
Creators of the Casino and Gaming Television Network are betting a national interest in gambling will translate into a desire to watch it on television.
Speakers at the North American Pari-Mutuel Regulators convention outlined a few of horse racing's potential challenges, including pathological gambling and a need for more television time.
Racetrack casinos in five states generated $2.1 billion in revenue and $577.9 million for state and local governments, according to the American Gaming Association's "State of the States" survey of casino entertainment.
The American Gaming Association has endorsed the "Combating Illegal Gambling Reform and Modernization Act" because its sponsor, Rep. Bob Goodlatte of Virginia, made changes at the organization's request.
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