Online Gambling Bill to be Up for Voting in February

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The US gambling legislation seems to be taking a new stop next month. John Pappas, the executive director of the Poker Players Alliance said that HR 2267 could be up for a committee vote in February. “This will be the first time – ever – that there will be a vote on licensing and regulation of Internet poker and Internet gaming in general,” he said.

In case you were wondering, HR 2267 is the bill submitted by Rep. Barney Frank in May 2009 which proposes regulation and taxation of online gambling.

Some people are taking a less than optimistic attitude on this because we know not all the voters will be fervent supporters of online gambling and the bill does require bipartisan support. However, some companies like iMEGA expect positive results as they have noticed how many states are now considering gambling as income in a more serious way.

We will keep our fingers crossed on this one because if the bill is not converted into law before June 1st, 2010 the UIGEA rulings will come in place.