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Thursday, February 7, 2008
4:13:00 AM EST
Feeling Happy

Internet Gambling Could Generate Billions In Revenue.


Congressman McDermott urges United States government regarding legalizing online gambling in the country. The congressman stated that internet gambling legislation could drive billions of dollars in revenue for the American govt and this money can be utilized for welfare of the countries on going slow down economy.

Representative Jim McDermott (D-WA) further added that if include tax revenue system and analyze it,  it is estimated that regulating Internet gambling would generate between $8.7 billion to $42.8 billion in federal revenues over its first ten years.

Representative McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act (H.R. 2607), which would tax regulated Internet gambling.




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