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Reconsidering a 2006 Ban, Congress May Bet on Internet Gambling

Published on July 29, 2010
by Beth Callaghan

File this under creative solutions for fixing the budget deficit: With a House panel’s approval of a bill that would legalize nonsports betting and online poker, Congress seems to be on its way toward overturning its 2006 ban on Internet gambling. The bill, which would allow the IRS to tax Internet gambling operations and winnings by individuals, could yield as much as $42 billion for the federal government over the next 10 years.

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