InvestorsHub Logo
Followers 3
Posts 489
Boards Moderated 0
Alias Born 04/30/2007

Re: sssneo post# 13628

Saturday, 10/16/2010 9:01:35 PM

Saturday, October 16, 2010 9:01:35 PM

Post# of 48319
All I see is that we have about 4 states that want internet gambling, Florida and New Jersey are the closest to amend their internet rules. The only rub I see here is that each state requires from $200,000 to $500,000 cash, not a bond. That’s a big chunk of cash to put out right now, and if UIGEA is defeated, CGAQ would have to contend with the pay-up cash in 50 states. I think JMHO if UIGEA is defeated, the feds will tax each state from their revenues and leave it up to the States to collect their fees and taxes from the provider sites, how else would this work if each state wants a piece of the action?