This simply drives the gaming companies overseas, where U.S. authorities cannot tax them.
This simply drives the gaming companies overseas, where U.S. authorities cannot tax them.
They are already overseas. That's the rub. Billions of dollars are going off shore. There's a lot of economic activity going on that the feds can't monitor.
Basically the deal is that the feds passed legislating gaming to the states. The ability to play in a "foreign country" is beyond the ability of the states to regulate or tax. That's where the federal government comes in.
There are also a lot of gambling interests in the United States who don't want the competition. I'd be perfectly willing to play at U.S. sites if there were any.
They are going to make it difficult, if not impossible, to easily transfer money to these companies. I think methods will be developed to allow it.
I don't know why I just couldn't mail them a check if need be. I don't think my bank could refuse to honor it. Or open an account in a U.S. branch of the Bank of Ireland or whatever and do a direct transfer. Gotta be a way to do it.