Barney Frank Chairman of the House Committee on Financial Services, today announced plans to introduce legislation tomorrow to establish an enforcement framework for licensed gambling operators to accept wagers from individuals in the U.S. 
Millions of Americans are wagering more than $100 billion annually with offshore Internet gambling operators.
Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative said: “We applaud Chairman Frank’s strong leadership to advance a common sense approach to regulate Internet gambling and reverse the intrusive, ineffective and burdensome prohibition.”.
According to a recent analysis, collecting taxes on regulated Internet gambling would allow the U.S. to capture from $48.6 billion to $62.7 billion in new revenue over the next decade.
