Industry Supports Internet Bill

WASHINGTON (Mar. 21, 2003) -- Senator Jon Kyl (R-AZ) has introduced a bill to prohibit the use of credit in connection with Internet gambling. This is in essence the same bill that was recently reported out of the House Financial Services Committee and passed the House by voice vote in the last Congress.

The bill prohibits the use of credit for "unlawful Internet gambling," which is defined in the bill to mean: "..the placing, receiving, or other transmission of a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State in which the bet or wager is initiated, received, or otherwise made."
These provisions, which are almost identical to the comparable provisions in the House bill, are intended to distinguish between state-sanctioned and regulated activities, such as what parimutuel horse racing is doing, and unregulated, off-shore gaming on the Internet. The language is included as an additional clarification that the bill is not intended to affect lawful, domestic activities.

Therefore, horse racing supports this legislation as we are a state-sanctioned, regulated activity that conducts lawful parimutuel wagering.

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