Internet Gambling Laws in the US Will Soon Take a Dramatic Turn

The U.K. introduced sweeping changes to its internet gambling laws with the passage of the Gambling Act of 2005. The stated purposes of the act were very noble: to prevent gambling from being a source of crime and disorder; to ensure gambling would be conducted in a fair and open manner; and to protect children from being harmed by enforcing the legal gambling age of 18 years. In practice, of course, the act led to a surge in on site operators moving to the country and a corresponding increase in tax revenues as a result.

In the U.S., the situation is much different. Gambling is legal under Federal law but prohibited in many states, with some local exceptions. Legal gambling states include Nevada and New Jersey, although many states have passed laws that legalize gambling in certain municipalities as well as on Native American lands. Internet gambling laws, on the other hand, have effectively prohibited operators from doing business within the states.

In 2006 Congress approved an act that dramatically affected the internet gambling laws and effectively proclaimed the industry illegal. That act threw the industry into turmoil, and drove virtually all of the U.S. based operations out of the country. Sites operated out of the U.K. and the Bahamas now garner a majority of this profitable business. But numerous faults in the 2006 legislation and the feeling that Congress has more important things to worry about have now pushed the country to the brink of legalizing the industry.

If the U.S. is to proceed with the legalization of gambling over the internet, congress must first do away with its awkward attempt at making it illegal under the 2006 Unlawful Internet Gambling Enforcement Act (more easily referred to as UIGEA). The purpose of that act was fairly simple: make it illegal for banks, credit card companies, and other payment processors to transfer funds from gamblers to online casinos and from those online casinos back to the gamblers.

You must understand, however, that the preference of lawmakers has always been to prohibit online gambling. But concerns about the constitutionality of such a prohibition as well as the mind boggling problems associated with enforcing the ban have consistently killed any possible actions along those lines. So Congress chose instead to try to attack the problem by preventing the flow of capital between the gamblers and the casinos under the UIGEA.

Now, thanks in no small part to the national financial meltdown, Congress is poised to reverse its approach to internet gambling laws and scrub the problem-plagued UIGEA. Under a couple of proposed House bills including one sponsored by Barney Franks and Ron Paul, Congress now appears poised to legalize and regulate the industry.

Whenever Congress actually considers such a sensible approach you can assume that there are potential tax revenues to be gained. So it shouldn’t come as a surprise to learn that one of the major benefits of legalized gambling is additional revenue for the government. Recent studies have indicated that the tax revenues the government stands to reap from a legalized online gambling industry could reach more than $50 billion over the next 10 years.

Hopefully, based on current sentiment in Congress regarding internet gambling laws, U.S. based online gambling fans will soon be able to enjoy their sport legally through U.S. based operations that will be under the scrutiny, and taxing power, of the Federal government

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Raffle Ticket – A Good Source For Raising Funds

Raffle tickets, a game system originally from Italy, are common in fundraisers mostly due to their predictable nature and family friendly approach in comparison to lottery and gambling. Raffle tickets are simply tickets that have boxes in which numbers are imprinted in accordance to the numbers bought buy the customers. After purchase, a list of gifts are displayed and one-by-one, the gifts are given out in accordance to the number that is drawn from the tombola (small tickets containing numbers that are placed in a bucket to be drawn). Though the concept is similar to gambling and lottery, raffle tickets are unique mostly because it is less monetary oriented and focuses on prizes and most of the proceedings meant mostly for charity or fund raising.

Another obvious advantage for raffles ticket draws is that they are always legal and can be done anywhere as long as proceedings are meant for charity or for legal fund raising. This helps organizers of events to cut costs in legal application for running a raffle draw. Another interesting matter surrounding raffle is its cheap cost of operations. For any raffle draw, all you need is prizes, tickets and a date to draw the tickets. Since prizes are easily obtained, tickets can be sold in the thousands to ensure that more funds and profit can be made from it.

Here are a few more important things to know about raffles and the benefits fund raising events can get from running it:

Raffle ticket productions are cheap!

Raffle tickets can be as cheap as cut out pieces of paper with numbers written on them manually. For low budget fund raisers, there is no need for fancy tickets and expensive printings, rather, take the time to cut out colored papers and writing numbers on them to cut costs.

Prizes can be donated items or promotional items

Contacting local producers or companies to ask for financial endorsements or even for gifts are a common practice and can make up for expensive gift pricing. For example, approaching the Cola company for one or two crates of Cola or maybe some souvenirs in return of publicity will ensure that not only are you advertising for a branded company, you are also getting free prizes to give out, which then in return increases the profits per ticket sold.

Make promotional ticket bundle sales

Tickets can be sold at bundle prizes, for example, 7 tickets for the price of 5 tickets. This gives the customers the feeling of satisfaction as they believe that the more numbers they can get their hands on, the more chances they have for winning prizes. These bundle sales can also be combined with other item sales such as packaged sales. For example, purchase a lunch set of a hot dog, fries and drinks and get 2 free raffle tickets and a discount on 10 tickets. This will not only promote the sales of raffle tickets, but also boost the sales of intended sales item, if any are available. This makes for more profits via sales and indirect sales.

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