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Rep. Barney Frank outlines his online gambling bill

In a press conference today Congressman Barney Frank (D-Mass) explained the basics of the online gambling bill he is introducing to the Congress.

Barney Frank online gamblingThe bill titled Internet Gambling Regulation and Enforcement Act of 2007 aims to repeal the current anti-online gambling law, and basically focuses on licensing, taxation and regulation of some forms of online gambling.

According to the bill, online gambling companies would apply for licensing by the US Government and would have to ensure that minors do not have access to the gambling website, fraud protection, proper corporative structure, and taxes and licensing fees paid.

US licensed online gambling companies would be allowed to operate to the extent allowed by individual states and Indian tribes could also operate their own online casinos. However, each state has the right to outlaw online gambling locally.

The future bill would still hold sports betting on the Internet illegal.

Read our analysis of the bill.


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 Congressman Barney Frank to repeal the US online gambling law




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