November 21, 2009

Between online gambling and the countless ESPN reruns of the World Series of Poker, poker has become a mainstream "sport." More than 6,000 people paid $10,000 to enter this year's World Series main event, and gambling experts say 10 to 15 million Americans wager $100 billion on all forms of Internet gaming annually. The online gambling industry—made up of offshore companies—earns somewhere between $6 and $10 billion in the U.S. each year.

But it's a poker game of politics, not cards, that will decide the fate of online gambling in the U.S.The battle rests on a bill that was passed in the final hours of the 2006 Republican-controlled Congress, when Sen. Bill Frist tacked it onto a port security bill. The Unlawful Internet Gambling Enforcement Act (UIGEA) forbids banks from accepting illegal Internet gambling transactions.

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