Yet Another Reason the UIGEA Needs to be Overturned

Gambling News - July 13th, 2009 - Written by Glen

Ever since the UIGEA was introduced and passed, several of the available online casino software have been pulled from the US market. One of these is Microgaming, one of the largest casino software sets in the industry. This has upset many Americans who wish to gamble online, as one of their progressive slots, Mega Moolah, creates instant millionaires very regularly.

Twice this year, a European resident has won the jackpot on Mega Moolah. The first winner took home over 6 million euros, while the most recent player took home 1.17 million. The weakened US economy could afford a few new millionaires, and it truly hurts to see the American gamblers unable to win such high jackpots off of the software sets they do not have access to due to a Bill that was sneakily introduced through a more official anti-terrorism Bill. Thankfully, legislators are fighting to overturn the UIGEA.

Despite having just had its jackpot hit, Mega Moolah is already reportedly reaching jackpots over one million euros. If converted to American dollars, it is even higher. Only two months have passed since the largest pay out ever produced from this slot was paid, making players of Mega Moolah astonished with the frequency at which players are bringing in enormous hordes of cash.

Despite the claims that online gambling is a potential waste of money, incidents such as this will show that indeed there is huge potential, in both taxes and earnings, for the United States to profit from. The removal of the UIGEA may bring Microgaming back into the nation, and as such more opportunities to hit it big.