While I don't necessarily support the idea of our U.S. Government taxing Online Gambling, there would be some "fringe benefits" if it does happen.
What do I mean by "fringe benefits"? For starters, all of the various Online Gambling sites (poker, casino, etc.) would be regulated by a Federal Commission (similar to the Nevada Gaming Commission). This could ensure to us the players that all of the gaming sites and their software are fair and just.
Another benefit would be an increase in the amount of competition for our gambling dollars. Can you imagine how many new poker sites (Harrah's WSOP themed poker site, all of the Las Vegas Casinos, etc.) there would be, and the lengths some of these companies would go to get new customers? I could see Harrah's having a promotion where you sign up for their poker site, and get a free entry into their WSOP Main Event Satellite (of course you'd be up against 10,000 people :lol: ). A seat in the Main Event could be awarded to the winner. There could even be a WSOP Online Tournament (as part of the WSOP events) where you'd win a real WSOP Bracelet.
And last but not least, the amount of tax revenue Internet Gambling could bring to the US. If there's ANY chance of our current tax system being changed, this is it! Internet Gambling would bring in BILLIONS of dollars to the US Government, and wouldn't it be nice if one day none of us had to pay Federal Income Tax (I know- A SLIM CHANCE :cry: ) due to the amount of Gambling Tax Revenue our Government brought in simply from Internet Gambling?
To summarize, I think the US Governmment is missing out on an excellent opportunity to take advantage of this CASH COW that is Online Gambling. While I don't look forward to submitting my Internet Gambling winnings to the IRS, I do realize the benefits it will bring if and when it happens.