1) Many of the sites are regulated already by some authority. Some are under Irish, some are under Canadian, some are tribal rules.
2) One of the independent research houses on Wall Street (ISI) put out a piece today in their political report saying it could really pass this time around, unlike in '99,'00 and '02.
3) This will bite the GOP in the ass. I have never voted for a democrat, and live in a district where Republicans rarely live so I have little influence in the matter. However, I'm going to do my best to embarass the GOP out of pushing this bill. The Sponsor looked stupid when he was asked on CNBC why he's cool with an online state lottery in his state but looking to outlaw other gambling elsewhere. It's obvious this is a way of "getting back" at Abramoff.
I know that apolitical Joe Sixpack is going to look for someone's head on a platter the first day he logs on for his $0.50/$1 hold 'em game and Party to unwind and is told he can't because Congress said so. If we're looking for a way to piss of the Reagan Democrats, you couldn't find a better one.