Game On for Internet Gambling: With Federal Approval, States Line Up to Place Their Bets
34 Pages Posted: 16 Aug 2012 Last revised: 20 Aug 2012
Date Written: 2012
Two days before Christmas 2011, President Obama gave an unexpected gift to states. In a thirteen-page memorandum, the Department of Justice reinterpreted the Wire Act, finding that the critical federal anti-gambling statute is limited to sports betting and races. Without this legacy Kennedy Administration statute, no federal obstacle remains to widespread state-sanctioned Internet gambling. Expect cash-strapped states to act quickly; legislators, governors, and regulators are already cashing in on the opportunity. Without Congressional action, tribes may be out of luck.
Keywords: gaming, federalism, gambling, internet, poker, lottery
JEL Classification: K23
Suggested Citation: Suggested Citation