It looks good for the online gambling industry in America although things are far from settled as yet. It has been a topic in the news for a long time now and when something like the delay of the enforcement of the prohibition on online gambling in America comes along people get excited. According to the web site Political Cortex from the USA the delay on the ban is a positive step that is giving the law makers of the land a little breathing room.

“We see this move by President Obama as an administrative decision to stop implementation of UIGEA to take an alternative approach to the internet gambling ban in place,” said Michael Waxman a spokesman for the Safe and Secure Internet Gambling Initiative. “This decision is the latest evidence that momentum is building for a shift in policy and rewriting the laws of the United States to provide Internet gambling regulation and taxation of non-place. Over the next six months Congress should act to create a framework to regulate Internet gambling to protect consumers and collect billions in much-needed revenue for critical federal and state government programs. ”

Representatives of the financial services sector including chambers of commerce and financial services publicly stated that the rules are ambiguous burdensome and is unlikely to stop Americans from gambling on the Internet. In testimony before Congress in April 2008 the Department of Treasury and Federal Reserve representatives acknowledged the challenges U.S. financial institutions will face in trying to meet UIGEA particularly with regard to the possibility of multiple interpretations of what may or may not be illegal Internet gambling activities. Provisions in the proposed legislation provide the right of each State to allow Internet gambling activities in the state and restrictions for other activities as are necessary.

Barney Frank’s bill to revamp the laws for interactive gambling in America has attracted a bipartisan group of more than 60 Senators who support regulation.

The revenue generated by the online casino industry which is desperately needed by the government in States, is at the heart of the argument.