Price Waterhouse Cooper, which if you’ve ever worked in the consulting world with a bunch of khaki-pants-blue-shirt-wearing-a-hole Duke MBA’s (isn’t
The study was commissioned by the UC Group, an online payment service provider that currently doesn’t do business with U.S. customers. The UC Group specifically asked Price-Waterhouse to determine how much tax would be generated if two separate bills addressing online gambling in the U.S. were passed: Barney Frank’s H.R. 2046, “Internet Gambling Regulation and Enforcement Act of 2007” (which would regulate and license online gambling in the U.S.) and Jim McDermott’s H.R. 2607, which would impose a two-percent licensing fee onto online gambling companies who want to operate here. Both bills remain in committee.
The lion’s share of this revenue would come from individual income taxes.
In related news, if the U.S. American government were to legalize online gaming and we used that money to pay off our national debt, we’d be debt-free in about 10,000 years.
In unrelated news, if you’ve been telling yourself, "You know, I’d truly like to figure out a way to drive myself certifiably insane in under 5 minutes…" then watch the below video.