Posts Tagged ‘uigea’

“Mega Moolah” Jackpot Finally Hits

Tuesday, May 19th, 2009

If you ever thought the house never really pays out on online gambling and that it was just a scam, there is news for you from the Microgaming network of online casinos. This weekend someone actually hit a $6.3 million jackpot on the Mega Moolah slot game.

There are two different main categories for online casinos. The first is casinos that accept United States players and the second is casinos that do not accept them. Microgaming backed out of the market of allowing their casinos to accept new U.S. players after the Unlawful Internet Gambling Enforcement Act was made in 2006.

U.S. players definitely missed out on a great opportunity this weekend to win the greatest online slot jackpot at one of the Microgaming casinos. On Saturday, at around 1 PM, the Mega Moolah jackpot was eventually won by a lucky player.

Observer of the jackpot on Saturday, Barry Triper said that, “This is a historic day for the online casino industry. A major jackpot has been hit and somebody walked away with millions of dollars. This is what people in the U.S. can look forward to if legalization of online gambling becomes a reality.”

In that statement, Triper touched on the new Bill that Representative Barney Frank has proposed. This Bill will begin to lay the basis for regulation and legalization of Internet gambling in the U.S. While the Bill is just in the beginning stages it has already received a lot of press from Capitol Hill.

Representative Frank has already attempted to overturn the UIGEA before. He is trying to overturn it again, but this time since the Congress is mainly Democratic, he could have a better chance to get enough votes needed to win this time. Now is the time for you to contact your state representative regarding this issue to voice your opinion.

US Gambling Court Date Set

Sunday, April 19th, 2009

iMEGA, the Interactive Media Entertainment and Gaming Association, has finally been assigned a date to argue its case against the UIGEA. Come July 6th, 2009, the group will present its plea to the Third Circuit Court of Appeals. Judge Mary L. Cooper granted iMEGA the right to appear before the court in March, and now an official date has been set. While the court does have the option to change the date of the hearing, it must happen within the week of July 6th.

After all of the hoopla surrounding the UIGEA and the continuous efforts of many groups and individuals to sway Congressmen that poker is a game of skill, and the obvious revenue that the US has lost to overseas gambling, the day of regulation is sure to come.

Rep. Barney Frank has diligently argued in favor of the legalization of online gambling and the repeal of the UIGEA and believes, like many others, that it is an infringement on the constitutional rights of American citizens to deny them the right to gamble online if they so choose. While gambling at casinos in certain jurisdictions is perfectly legal, there is no argument for those who try to say that online gambling is harmful to society when it is already a part of society. The main reason that the online gambling industry was ever thwarted to begin with is the money that has been lost by land-based casinos thanks to online casinos and poker rooms.

Now with the increasing losses in possible taxation and revenue from online gambling, Congress and even land-based gambling institutions have realized the detrimental need to regulate the industry in a country that is believed to be the biggest market for online gambling in the world.

Rep. Frank has announced many times that he plans on proposing new legislation to Congress that would revoke the UIGEA and work towards legalization and regulation of online gambling. The July 6th date is one more step towards what so many Americans have been pushing for.