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Efforts to legalize online poker may receive an assist from a most unlikely source, namely, the collapse of the economy. With a new administration running the country and a president that is a poker player we finally may have the political atmosphere conducive for the repeal of the Unlawful Internet Gambling Enforcement Act (UIGEA). For those living in the dark on current issues UIGEA made it unlawful for credit card companies, banks, and Internet payment processors to handle monetary transfers to online gambling sites.
With the national economy in shambles the $50 billion in potential government revenues from legal online gambling is looking bigger everyday. The scrambling Washington politicos are giving this pile of rejected “soiled money” (soiled according to King George and his band of bible-thumping country wreckers) a second and maybe even a third look. With the current world interest in online gambling and especially online poker growing by the day the lost tax revenues have simply become too big to ignore for the cash starved politicians.
Our elected representatives in Washington are addicted and must have their money fixes on a regular basis so expect some good news soon concerning the return of online poker. And finally, another sign that online gambling will make a legal return is the partially empty Las Vegas resorts. Online revenues will go a long way toward filling those gaping holes in the Vegas gambling joints’ bottom lines.
