Movement to Repeal the UIGEA Law

On March 26, Representative Jim McDermott introduced the Safe and Secure Internet Gambling Initiative, an updated version of the Internet Gambling Regulation and Tax Enforcement Act of 2010. His initiative has been applauded for allowing each State and Tribal Government to be paid 6% of all deposits placed in their jurisdictions with online gambling operators. Combined with other taxes, this bill would generate over $30 billion in much needed revenue for the states and tribal areas over the next 10 years. This piece of legislation will be a companion piece to Congressman's Franks Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 that would allow licensed operators to collect wagers from individuals who engage in online casino gambling in the US. Frank's bill would give State and Tribal Governments the right to ascertain if online gambling is appropriate in their respective states. McDermott's legislation further strengthens repeal of the current UIGEA Law.