Debate over Federal Gambling Regulations ContinuesPublished December 6, 2013 by OCR Editor
Sides are forming over whether or not the USA federal government should pass legislation allowing online gambling.
With individual states legalizing gambling, the big debate is now over federal regulations. On one side stands Las Vegas Sands Chief Executive Officer Sheldon Adelson, who created the Coalition to Stop Internet Gambling. He proposes a government ban on online gambling.
On the other side, Bloomberg projects that "annual online gambling revenue could reach $23 billion nationwide" by the year 2023. An editorial article of theirs states, "People clearly like gambling. Letting them do so where they want would make them happy. Regulating it properly would keep them safe. And taxing it all will make lawmakers smile."
Steve Sebelius, the political columnist for the Las Vegas Review-Journal sides with Sheldon Adelson, against federal regulation of online gambling. He writes in the LVRS, "Of all the things that have been said recently aboutâ€¦Adelson's crusade against online gambling, there's one missing: He's right." However, he doesn't agree with Adelson's approach, writing, "It didn't work with alcohol, it hasn't worked with drugs and it didn't work with online gambling in the years when federal officials considered it illegal."
Wynn Resorts Chairman Steve Wynn has taken a middle-of-the-road stance, saying that he is "neither a proponent nor opponent" of federal online gambling regulation. Like Sebelius, Wynn compared Adelson's agenda to the way alcohol was treated by the US government. Clearly, it didn't work!
But what the future holds for USA online gambling regulations, neither pro, against nor undecided can predict as of now.