Frank to introduce bill.....

[KotOD]

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Sports bettors will not be happy with this bill.

Under the proposed legislation, all licensed Internet gambling operators would be prohibited from accepting bets or wagers on sports leagues or associations that have opted-out.

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I can see the NCAA boisterously opting out, but I see the NFL quietly staying in.

[Robin Foolz]

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The bill mentions that those receiving a license would be subject to US jurisdiction and required to pay taxes. I'm not so sure Party is coming back. And I'm wondering what happens to Stars and Full Tilt if this passes.

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Party (Sexton) has said in the past they would gladly pay taxes to be fully accepted in the US.

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(assuming online poker becomes regulated and taxed in the states) since the customers always foot the bill, i'm curious how high the sites will raise the rake to offset usa regulative taxes. it will royally suck if everyone finally gets what they want only to have to endure ridiculous rake.

[Coy_Roy]

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but I see the NFL quietly staying in

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No way.

[Tarheel]

It sounds like this really opens the door for US operations to come in. If this bill is passed, would it alone allow US companies (i.e. Harrah's) into the market?

Can anybody speak for the purpose of the state limitations and state opt out?

Would states have the right to say that gambling sites cannot provide service to any of it's state population? Or could they only choose to restrict the licensee from being a functioning business registered in that state?

[Little_Luck]

All major professional sports leagues will opt-out. That kind of sucks, but not enough to not make me happy about the possibility of everything else becoming legal.

My one worry is this bill makes too much sense and therefore the other reps voting on it won't be able to understand it.

[Uglyowl]

Sports betting will remain "underground" as it is now.

[halsted]

Good question tarheel.

Where can we look at this bill?

[Dunkman]

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Good question tarheel.

Where can we look at this bill?

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At the bottom of the press release at house.gov there's a link to view the full text of the bill.

[Zele]

Forgive my ignorance, but when does this bill get a number (it just says H.R. ____ now)? I'd like to have something to repeat three times when I call people.

[Dunkman]

It's H.R. 2046