We’ve been hearing rumblings the past week that Senator Harry Reid (D-NV) may be pushing an online poker only carve-out bill through the lame duck Senate.
Seems like those rumblings are turning into realities, as the Wall Street Journal has picked up the story now too.
Reid’s bill is backed by brick & mortar casinos, a group who used to lobby against online poker interests back in 2006.
And copy + paste:
According to the draft of the bill reviewed by The Wall Street Journal, Mr. Reid’s office is considering language that would allow only existing casinos, horse tracks and slot-machine makers to operate online poker websites for the first two years after the bill passes, which could limit the ability of other companies to enter the market.
The bill would also outsource oversight to state regulators, another move supported by existing casinos that don’t want to see the federal government become overly involved in regulating their industry.
The bill as drafted would send taxes on wagers to both federal and state governments.