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Nevada Congress Sites Internet Gambling as Solution to Financial Troubles

May 26, 2010 (CAP News Wire) – As California, New Jersey, and a host of other states race to implement online gambling regulations within the next few months, perhaps the most obvious state to legalize Internet casinos, Nevada, now seems to be moving in the same direction.

At least, a political committee has suggested that it should, based on a recent high-profile financial report in which the state doesn’t come off so well. According to the Las Vegas Sun, “a committee created by the 2009 Legislature to help chart the future of Nevada isn’t happy with a consultant’s report on what the state should look like in five, 10 and 20 years … and that Internet gambling should be pursued as one way to get more revenue.”

Ruling out new taxes as an option, the report lists a number of solutions, and online gambling taxation is high on the list. Nevada “is a low-tax state and that’s a matter of choice,” stated Doug Busselman, a member of the committee, writes Cy Ryan in the article.

Another committee member, Don Snyder, has suggested that the state could regulate Internet gambling as a source of revenue. “We must focus on an opportunity where we can do something and this not just be another study that ends up on the shelf,” Snyder said.