Latest federal Internet gambling bill proposes tax

Nov 18, 2013

If Congress makes no progress on a national framework for online gambling this session, it won't be for a lack of legislation.

Two lawmakers introduced bills over the summer that would legalize some form of Internet gambling nationwide. And just last week, Rep. Jim McDermott, a Democrat from Washington, introduced a bill that would tax federally-sanctioned online wagering.

The bill would compel online operators to hand over 12 cents of every dollar players deposited. The would take four cents, and the remaining eight cents would go to the region in which the gambler was playing. McDermott introduced similar bills in 2010 and 2011, without success.

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