[Marigold HD]

I think there is going to be a vote regarding online gambling tomorrow. Does anyone know anything about this? If so, is it time of clean out the book accounts. Comments

http://spaces.covers.com/blog/Freedo...the-UIGEA.html

[Sinister Cat]

Originally Posted by Marigold HD

I think there is going to be a vote regarding online gambling tomorrow. Does anyone know anything about this? If so, is it time of clean out the book accounts. Comments

http://spaces.covers.com/blog/Freedo...the-UIGEA.html

I don't know anything beyond what the article mentions. I'm not sure exactly what you mean by "clean out the book accounts", but the bottom line is that there's at least *some* chance that all hassles caused by SAFE Port Act will eventually disappear...

[capitalist pig]

Originally Posted by Marigold HD

I think there is going to be a vote regarding online gambling tomorrow. Does anyone know anything about this? If so, is it time of clean out the book accounts. Comments

The vote was pushed to the bottom of the list for a lack of interest and may or may not be be voted on today (WED) is what I read last night. It really doesnt mean anything at this point whatever the vote is, it will still have to get through the House and be voted on there before anything would change, JMO.

later

[sportsfanatic]

Deleted.

[jon13009]

A nice idea and a good start, but unlikely anything will happen at this point to change how off-shore sportsbooks allow US accounts to deposit and withdraw funds.

What is interesting is that there is a legal US based internet horse racing book available that allow limited (see below) US bettors to place bets on Horse Racing right now (XpressBet.com). This is a "Legal, Licensed, US-Based Security," and is not somehow affected by the UIEGA.

the details (from xpressbet.com):
---------------------------------
Yes, XpressBet is a legal, U.S.-based, account wagering provider licensed and regulated in several states. Money wagered through XpressBet is co-mingled with track wagering pools.

Individuals must be 21 years of age to open accounts. XpressBet is required by State Racing commission regulations to request your Social Security number to verify your state of residency.

Residents of the following states and territories may not open XpressBet accounts: Alaska, Arizona, Connecticut, Colorado, District of Columbia, Georgia, Hawaii, Maine, Mississippi, Missouri, Nebraska, New Jersey, Nevada, North Carolina, New Mexico, Oklahoma, South Carolina, Texas, Utah, Puerto Rico, Virgin Islands.

Additionally, Pennsylvania residents located within 35 miles of Harrah's Chester Downs, Philadelphia Park, Penn National, Pocono Downs or Presque Isle are prohibited from opening XpressBet accounts.

Canadian residents may not open new accounts.
-----------------

I am NOT touting xpressbet (or betting on the horses at all for that matter.....) , but if limited US accounts (since I live in Maryland, I can open an account) can use their home or personal computer to make bets on the horses right now with a legal, regulated, and - presumably- taxed OTB US based interent horse racing book like xpressbet, there is a bit of conflict somewhere in our laws that prohibit similar activity - e.g. allowing US based online sportsbooks within the confines of Las Vegas or other states that may allow sportsbetting now and in the future.....How Xpressbet.com works towards screening their accout holders should be a model for future on-line US based sports books.

Any SBR reviews of Xpressbet.com or other legal, US based internet OTB horse racing books - and how they operate? Xpressbet.com seems legit because they are listed right on the Pimlico web site.

[Marigold HD]

Good to know, thanks guys