David Stewart examines policy implications of Internet gambling
With Americans betting more than $4 billion online in 2005, Internet gambling is flourishing - despite its nominal illegality in the U.S. In a recent white paper presented to the American Gaming Association, David O. Stewart, a partner in the Washington, D.C. office of Ropes & Gray, analyzes the policy implications of the explosion in online gambling. Stewart discusses the absence of regulatory structures; the failure of states and the federal government to receive tax revenues; the contempt caused by non-enforcement of gambling laws; the absence of jobs created by online gambling; and the possibility of WTO sanctions. To read Stewart's analysis and conclusions, click "Download PDF".