Congressmen Push Bill To Allow Online Gambling In U.S.

19 replies
Congressmen Push Bill To Allow Online Gambling In U.S.

This just in...

"Reps. Barney Frank (D-MA), chairman of the House Financial Services Committee, and Peter King (R-NY) unveiled legislation today that would enable Americans to legally gamble online..."

http://www.foxnews.com/urgent_queu/index.html#44ebba72,2009-05-06

What do you think... good idea or bad idea?

Good niche to develop if it becomes law?


Best Regards,
~ JoeCool
#bill #congressmen #gambling #online #push
  • Profile picture of the author Neil Morgan
    Ethics aside, it can obviously be a phenomenally successful niche.

    The BetFair betting exchange (interesting business model) in the UK takes 15 million bets per day.

    Betfair.com: Online Betting, Sports Betting, Horse Racing, Football | Bet Poker, Casino & Games

    Cheers,

    Neil
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  • Profile picture of the author Tyrus Antas
    Great idea. The online gambling ban has virtually killed the affiliate marketing gambling niche. Like it or not, americans are more credit card happy than europeans and represented the large percentage of the industry revenue.

    Hopefully it will pass.

    Tyrus
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    • Profile picture of the author JoeCool
      Can any of our European based Warriors share their experience in the online gambling niche?

      The Good, the Bad and the Ugly?

      Thank You,
      ~ JoeCool
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      • Profile picture of the author Johnathan
        Actually, it is a mistake.

        Given the fact that many people don't know how to manage their finances themselves, gambling is a dangerously addictive "quick" fix that will most likely make them lose to much. It hurts more than it helps.

        If 'people' profited from gambling, casinos/etc wouldn't be in business. As it is, most people lose when they gamble, and the last thing you want is people that can't afford to lose money, to lose even more. Some people win consistently, but not many.

        It is a VERY poor decision.

        And, if you are an affiliate supporting/encouraging gambling, it is still wrong -- because thing about it -- you are benefiting at someone else's expense.
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        • Profile picture of the author Wakunahum
          Originally Posted by Johnathan View Post

          Actually, it is a mistake.

          Given the fact that many people don't know how to manage their finances themselves, gambling is a dangerously addictive "quick" fix that will most likely make them lose to much. It hurts more than it helps.

          If 'people' profited from gambling, casinos/etc wouldn't be in business. As it is, most people lose when they gamble, and the last thing you want is people that can't afford to lose money, to lose even more. Some people win consistently, but not many.

          It is a VERY poor decision.

          And, if you are an affiliate supporting/encouraging gambling, it is still wrong -- because thing about it -- you are benefiting at someone else's expense.
          1. Just because someone else can't manage their money properly, it shouldn't mean that I lose freedoms. Should we have the government manage your grocery budget too cause some people haven't done a good job with their own?

          2. I've never got a profit from paying $8 to go to a movie either. Both are considered entertainment.

          3. You must be living in a hole if you don't think there are lots of aspects of our society that don't run on the idea that some benefit at another's expense. Think of the cheap labor products like clothing and electronics that have flooded the market place. We get them cheap because they are made by people getting very low wages. Beyond this idea, what about the stock market? Some lose and some win, right?

          Edit: My congressman and I went back and forth on the "ban on online gambling" thing. It was actually an attachment to the port security bill, so gambling online never was actually debated on. He had to vote for the port security act because he felt it was better to vote for that part of the bill than say no to this "ban gambling online" attachment. So really, I never got fair representation and debate from my congressman since it was an attachment. I lost freedom because it was shoved through with something else. (I've never gambled but it's the principle I'm after )
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          • Profile picture of the author Johnathan
            Lol,

            I agree with the freedoms aspect -- and unfortunately too many people are allowing their freedoms to be taken away. Including using their brain and realizing that the likelihood of winning at gambling is really small, instead of believing the t.v. commericials that tout the get rich quick mentality of playing poker. You can win (i.e., poker, very tiny tiny tiny margins with blackjack if played consistently, etc, etc) -- but it is actually a lot of 'work', and not the get quick rich fantasy most believe it to be.

            Anyways....

            1. Of course they shouldn't be controlling it -- but since they are -- it's probably one of the better decisions. Just like you could argue that you have the freedom not to wear a seatbelt, or the freedom to walk in the middle of the freeway, or the freedom to jump off a buliding. Sure you can do it, but most likely it would be pretty dumb.

            Unfortunately, many people believe the t.v. commercials of the get rich quick -- and the REASON gambling AND affiliate marketing would be so 'lucractive' -- is because so many people believe it -- and so many people would waste their savings on it. (And actually according to many statistics, most people don't actually have savings, they are already in debt, so it would just dig a deeper hole).

            2. Difference between gambling and a movie is that after a movie you walk away. Gambling, most people don't. If they do win a little bit -- it is a pyschological high (almost like taking drugs) -- and they 'gotta' to it again. A HUGE difference between gambling and watching a movie. Why do you think some casinos are like palaces? It's certainly not because they are making money from the food and drinks.

            IF you have the control to treat it as entertainment -- and if you win anything -- to walk away, then go ahead, play all you want.

            3. You must be living in a hole to make that inane remark. Just because something is done, doesn't mean it is right. With your logic, why not steal? It's much faster, it happens, and by your logic, you shouldn't complain.

            Personally -- I agree that people should have the freedoms to make their own decisions. However, giving the pyschological warfare that is used on the populace with respect to gambling, and the fact that most don't have the willpower to walk away when they are losing, it might be a wise decision to prevent it.

            Especially with the news media talking about the state of the economy -- What's worse -- someone losing their job? Or someone losing their job, their car, their house, their wife, their family, and then joining the welfare roles -- and in part getting a small percentage of their gambling funds redistributed to them through gambling profits?

            Originally Posted by Wakunahum View Post

            1. Just because someone else can't manage their money properly, it shouldn't mean that I lose freedoms. Should we have the government manage your grocery budget too cause some people haven't done a good job with their own?

            2. I've never got a profit from paying $8 to go to a movie either. Both are considered entertainment.

            3. You must be living in a hole if you don't think there are lots of aspects of our society that don't run on the idea that some benefit at another's expense. Think of the cheap labor products like clothing and electronics that have flooded the market place. We get them cheap because they are made by people getting very low wages. Beyond this idea, what about the stock market? Some lose and some win, right?

            Edit: My congressman and I went back and forth on the "ban on online gambling" thing. It was actually an attachment to the port security bill, so gambling online never was actually debated on. He had to vote for the port security act because he felt it was better to vote for that part of the bill than say no to this "ban gambling online" attachment. So really, I never got fair representation and debate from my congressman since it was an attachment. I lost freedom because it was shoved through with something else. (I've never gambled but it's the principle I'm after )
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            • Profile picture of the author Wakunahum
              Originally Posted by Johnathan View Post

              Lol,

              I agree with the freedoms aspect -- and unfortunately too many people are allowing their freedoms to be taken away. Including using their brain and realizing that the likelihood of winning at gambling is really small, instead of believing the t.v. commericials that tout the get rich quick mentality of playing poker. You can win (i.e., poker, very tiny tiny tiny margins with blackjack if played consistently, etc, etc) -- but it is actually a lot of 'work', and not the get quick rich fantasy most believe it to be.
              Well if the commercials are lying, we already have rules against that. Making online gambling legal and having misleading commercials and ads are 2 different things. We already have commercials and ads for REAL casinos currently. So this isn't really part of the online gambling debate. These would be good arguments if gambling was currently illegal universally but it's not. The ads will be around with or without online gambling.

              Anyways....

              1. Of course they shouldn't be controlling it -- but since they are -- it's probably one of the better decisions. Just like you could argue that you have the freedom not to wear a seatbelt, or the freedom to walk in the middle of the freeway, or the freedom to jump off a buliding. Sure you can do it, but most likely it would be pretty dumb.
              If they shouldn't be controlling it, they shouldn't be. (If you really believe in governmental control regulating an industry has more protection and control on it than a ban - a ban always causes unscrupulous people to fill in the gap where something is banned. So to me this is the worst form of control if the government decides to control.) This isn't a good decision cause as I said it wasn't debated on but an attachment to a bill. Why can't I hear both sides of the argument on C-span? Because there was no debate or argument. Many were put in a tight bind cause there were some needed provisions on port security that they couldn't vote no on. If this really was a serious issue that would for the protection and safety of society, then it should have been it's own bill and have had a real debate.

              Most of the acts you describe could hurt other people (i.e. someone flying through their windshield at you, hitting your car and causing an accident while being in the freeway, and hitting people on the ground after you jump to your death). The losses from gambling are contained w/ just the one person who decides to do it and lose their money.

              Unfortunately, many people believe the t.v. commercials of the get rich quick -- and the REASON gambling AND affiliate marketing would be so 'lucractive' -- is because so many people believe it -- and so many people would waste their savings on it. (And actually according to many statistics, most people don't actually have savings, they are already in debt, so it would just dig a deeper hole).
              Again we already have laws and regulations against misleading people. So that's not cool if people do it to take advantage of people. But ANY product or service shouldn't have misleading ads. We don't BAN a product cause someone at one point in time had an ad that was bad. If that was the case many of the products we use every day would be banned cause many have probably had a misleading ad at one point in time.

              2. Difference between gambling and a movie is that after a movie you walk away. Gambling, most people don't. If they do win a little bit -- it is a pyschological high (almost like taking drugs) -- and they 'gotta' to it again. A HUGE difference between gambling and watching a movie. Why do you think some casinos are like palaces? It's certainly not because they are making money from the food and drinks.

              IF you have the control to treat it as entertainment -- and if you win anything -- to walk away, then go ahead, play all you want.
              Well if some people can't control themselves that's their fault. This isn't an argument where you take away the ability for others to gamble as well cause some aren't smart about it. We had prohibition once and that didn't work.

              And in this case, gambling has nothing to do with it since gambling is still legal in society. This targeted online gambling with no real reason. Obviously their intentions weren't to keep people all nice and safe and not addicted to gambling. If that was the case it would be universally banned online and offline.

              3. You must be living in a hole to make that inane remark. Just because something is done, doesn't mean it is right. With your logic, why not steal? It's much faster, it happens, and by your logic, you shouldn't complain.
              Sorry not trying to make you feel bad at all. I just can't stop myself when I see a bit of a debate. Stealing is wrong because you are taking something away from someone else. Losing money in an investment or gambling deal is ok (REALLY DUMB but ok) cause the people knew the consequences before hand. It wasn't ripped from their hands like theft is.

              Personally -- I agree that people should have the freedoms to make their own decisions. However, giving the pyschological warfare that is used on the populace with respect to gambling, and the fact that most don't have the willpower to walk away when they are losing, it might be a wise decision to prevent it.
              Again this is an argument about gambling in general and advertizements and not about online gambling. If these ads are bad, they are bad right now with or without online gambling being legal. If you think it's that much of a problem, maybe you should start getting involved in the process to help the people taken advantage of if that's really the case.

              Especially with the news media talking about the state of the economy -- What's worse -- someone losing their job? Or someone losing their job, their car, their house, their wife, their family, and then joining the welfare roles -- and in part getting a small percentage of their gambling funds redistributed to them through gambling profits?
              Well you can't stop stupid. The man who gambles away their families food money is gonna do something stupid with that money regardless if online gambling is legal or not. They will just buy state run lottery tickets instead. Many of your arguments are getting away from the subject of online gambling and just targeting gambling in general or the ads associated with gambling. These 2 concepts exist with or without online gambling so they aren't really part of the conversation so much.
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      • Profile picture of the author Thomas
        Originally Posted by JoeCool View Post

        Can any of our European based Warriors share their experience in the online gambling niche?
        It works...
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  • Profile picture of the author Odhinn
    It's no different than playing the stock exchange. I think it's about time that this was legalized and controlled.
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  • Profile picture of the author Bruce NewMedia
    I think for people with addictive gambling behavior its not good, unfortunately.

    For marketers, it would be very good. Internet gambling is a huge niche.

    Depends where you stand, I suppose.
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by brucerby View Post

      I think for people with addictive gambling behavior its not good, unfortunately.
      Alcohol is bad for people with addictive behavior also, but it's legal

      I think it's great if it passes. Why ban it online when you can bet on horses, go to land casinos, etc.
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  • Profile picture of the author nichepros
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    • Profile picture of the author SoundsGood
      Originally Posted by nichepros View Post

      The gambling niche is extremely profitable.
      Yep, yep, yep....
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  • Profile picture of the author Graham Maddison
    This is great news if it comes to fruition......I already have an affiliate gambling site ..winning ways .....I do okay with it at the moment, but if they lagalise online gambling in us I will hopefully do a lot better.

    Thanks for the post.

    Graham
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  • Profile picture of the author Black Hat Cat
    Banned
    Legalized online gambling is the right idea, but I'd be highly skeptical of any legislation involving Bawney Fwank.
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    • Profile picture of the author Chuck Burke
      Originally Posted by blackhatcat View Post

      Legalized online gambling is the right idea, but I'd be highly skeptical of any legislation involving Bawney Fwank.
      LOL, I hope it passes. I do agree that sweetie Bawney doesn't get my vote
      on much.
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  • Profile picture of the author Matt Helphrey
    I say legalize it. Most americans are already finding a way to gamble using poker sites off shore. I just don't see how they are going to be able to stop it from happening anyway.

    But Im sure as an internet marketer a gambling website would prove to be very lucrative.
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  • Profile picture of the author greenovni
    Can't wait to rake in all the CPA gambling cash!
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  • Profile picture of the author stayfocused
    I used to play online poker all the time when I was in college. Then I stopped because it was getting harder and harder to both cash out and to deposit money. Yes I actually did cash out.

    I went online about 2 months ago and it is surprisingly easy to get money onto these sites now.

    My small credit union who never used to let the wires go through allowed it. I tried out my Visa and Mastercard just for a reference and one worked and the other one didn't.

    It isn't as hard as it used to be to get money onto these sites.

    Which reminds me I was always going to get into this niche.........
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    • Profile picture of the author Marty S
      The poker players alliance is in support of this but their stance has always been that poker is NOT gambling like it is in regular casino games, and in fact should be classified as a skill game - outside of the regulations placed upon moving money for the purposes of betting and casino game play.

      They have been unsuccessful in changing the laws regarding its classification up to now, so this seems to be way back in to an USA market without the difficulty in players moving their own money in or out of poker sites.

      As for gambling, I don't really care one way or another, but I would def like to see Party Poker back serving the US market.
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