2010 has become the now or never year for online casinos.  Of course nothing is certain, but it certainly feels like if the United States legislature will not regulate online casinos this year, they never will.  That is to say that things have never seemed more promising.

First of all Representative Barney Frank was able to convince the United States Treasury to postpone the Unlawful Internet Gambling Enforcement Act until the middle of the year.  That was achieved with a persuasive letter and nothing more so that indicates the United States Treasury may have some interest in getting rid of the law.

There also does not seem to be any major economic stumbling stones in the way this time around.  That is the major thing that got in the way of progress last year.  Just as the year was ending it was evident that we were entering into a major economic meltdown and online casinos may not be on the top of the new administration’s priority list.  We are still in a recession, but the markets have stabilized since last year. 

Studies are showing, as they always have, that the United States stands to make billions in the way of tax revenues from online casinos.  Many states are considering slot machines and gambling expansion as a means of generating more income to close some budget deficits.  The fact that a study from Kenilworth Systems Corporations shows the United States could be raking in $63 billion in tax revenues is more than enough to consider regulation of online casino.