WASHINGTON - Companies and individuals making tons of money offering online gambling, were dealt a bad hand at press time. The House Banking and Financial Services Committee approved a bill that would make it illegal for an Internet gambling site to accept instant checks, credit cards, debit cards or wire transfers from consumers as payment methods to place bets. According to the National Commission on Gambling, the amount of money bet on the Internet has doubled annually in recent years. The commission predicted that by next year $2.3 billion will be bet over the Net. "And while in most instances, non-Internet gambling requires a person to take some sort of action before placing a bet-such as traveling to a casino ... Internet gambling can be entered into easily and losses can be manifestly difficult for the wagerer and his or her family," said House Banking Committee Chairman Jim Leach (R-Iowa). The bill H.R. 4419, the "Internet Gambling Funding Prohibition Act," includes an amendment that says the restrictions are only for betting that is unlawful under state or federal law.
Internet gambling bill approved
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