Free Capitalist Network - Community Archive
Mises Community Archive
An online community for fans of Austrian economics and libertarianism, featuring forums, user blogs, and more.

Is Gambling Prohibited by Federal or State Laws?

rated by 0 users
This post has 23 Replies | 3 Followers

Top 50 Contributor
Posts 2,028
Points 51,580
limitgov Posted: Tue, Feb 21 2012 11:36 AM

Is gamlbing prohibited by federal laws or various state laws?

If its federal laws, then wouldn't people like Sheldon Adelson, stand to lose alot of money if Ron Paul became president?  Probably like millions of dollars a year, perhaps even billions?  Is that why Sheldon is thinking about giving $100 million to Newt's campaign?

http://www.forbes.com/sites/stevenbertoni/2012/02/21/billionaire-sheldon-adelson-says-he-might-give-100m-to-newt-gingrich-or-other-republican/

  • | Post Points: 65
Top 10 Contributor
Posts 6,953
Points 118,135
John James replied on Tue, Feb 21 2012 11:38 AM

You're under the impression that there's possibly some federal mandate against gambling...and what, Nevada and Atlantic City just have wavers?

 

  • | Post Points: 20
Top 50 Contributor
Posts 2,028
Points 51,580
limitgov replied on Tue, Feb 21 2012 12:09 PM

"You're under the impression that there's possibly some federal mandate against gambling...and what, Nevada and Atlantic City just have wavers?"

I'm not sure.  So, you're saying every other state came to an agreement and prohibited gambling?  And if there are no federal laws prohibiting gambling, then people need to question Rick Santorum and ask him why, if he's such a social conservative, does he think gambling should be allowed on a federal level?

But then again, there is gamlbing in Louisanna.  but there's nothing like Las Vegas.  So, are Louisanna's gambling laws more restrictive than Nevada's?

 

 

  • | Post Points: 20
Top 10 Contributor
Male
Posts 5,118
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator
DanielMuff replied on Tue, Feb 21 2012 12:13 PM

$100 billion?

 

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 20
Top 50 Contributor
Posts 2,028
Points 51,580
limitgov replied on Tue, Feb 21 2012 12:17 PM

"$100 billion?"

No, no....no....I'm pretty sure I typed in 100 million.

; )

  • | Post Points: 5
Top 100 Contributor
Posts 814
Points 16,290
No2statism replied on Tue, Feb 21 2012 12:29 PM

I'm pretty sure there is a federal mandate against gambling.  It could be something like what's done with the drinking age.

  • | Post Points: 35
Top 50 Contributor
Posts 2,028
Points 51,580
limitgov replied on Tue, Feb 21 2012 1:24 PM

"I'm pretty sure there is a federal mandate against gambling.  It could be something like what's done with the drinking age."

 

there you go John James....BAM!

  • | Post Points: 20
Top 50 Contributor
Posts 2,679
Points 45,110
gotlucky replied on Tue, Feb 21 2012 2:09 PM

I'd retract that statement before JJ reads it!

  • | Post Points: 5
Top 10 Contributor
Posts 6,953
Points 118,135

limitgov:
So, you're saying every other state came to an agreement and prohibited gambling?

If by "came to an agreement" you mean "reached the same legal conclusion without necessarily communicating", then yes, I guess you could say that.

 

And if there are no federal laws prohibiting gambling, then people need to question Rick Santorum and ask him why, if he's such a social conservative, does he think gambling should be allowed on a federal level?

Um.  Okay.

 

But then again, there is gamlbing in Louisanna.  but there's nothing like Las Vegas.  So, are Louisanna's gambling laws more restrictive than Nevada's?

Yes.  I'm not a gambling law expert, but as far as I know, the only gambling in Louisiana is on Indian reservations and boats that aren't technically on shore...meaning they are not subject to normal state law.

 

  • | Post Points: 5
Top 10 Contributor
Posts 6,953
Points 118,135

No2statism:
I'm pretty sure there is a federal mandate against gambling.  It could be something like what's done with the drinking age.

Is that supposed to be a humorous reference to someone using the same "I'm sure" language and being totally wrong yesterday?  If so, that's pretty clever.

 

limitgov:
"I'm pretty sure there is a federal mandate against gambling.  It could be something like what's done with the drinking age."

there you go John James....BAM!

And is this supposed to be just a plain joke?

 

  • | Post Points: 20
Top 50 Contributor
Posts 2,028
Points 51,580
limitgov replied on Tue, Feb 21 2012 2:42 PM

"And is this supposed to be just a plain joke?"

 

Well, I guess if he's correct, then its more of a BAM! 

  • | Post Points: 20
Top 10 Contributor
Posts 6,953
Points 118,135

limitgov:
Well, I guess if he's correct, then its more of a BAM!

You guess?

The whole reason I thought it might be a sarcastic joke was because (1) he admitted he didn't even really know, and (2) didn't present anything that remotely established him as an authority on the subject...yet you reacted as if he were a gambling attorney who had responded with a US Code statute reference and a couple of case precedents.

But don't worry.  He's not correct.

(Honestly I don't understand situations like this.  You're using the Internet to not only ask this question, but to have this discussion over the course of 3 hours now.  You seriously are still no closer to an answer than when you initially pondered the idea?  It's still just a matter of "guess" and "maybe" for you?)

 

  • | Post Points: 20
Top 50 Contributor
Posts 2,028
Points 51,580
limitgov replied on Tue, Feb 21 2012 3:27 PM

"You seriously are still no closer to an answer"

But you just said, he's incorrect.  So, I think the answer is no.  But, you don't sound very confident.  Are you just guessing he's wrong?

  • | Post Points: 20
Top 50 Contributor
Posts 2,679
Points 45,110
gotlucky replied on Tue, Feb 21 2012 3:36 PM

With just my phone and Wikipedia....here is the answer you are looking for:

 

Gambling in the United States

  • | Post Points: 20
Top 10 Contributor
Male
Posts 5,118
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator

Looks like the feds do regulate/whatever gambling:

Online gambling has been more strictly regulated. The Federal Wire Act of 1961 outlawed interstate wagering on sports but did not address other forms of gambling. It has been the subject of court cases. The Unlawful Internet Gambling Enforcement Act of 2006 did not specifically prohibit online gambling; instead, it outlawed financial transactions involving online gambling service providers. Some offshore gambling providers reacted by shutting down their services for US customers.

 

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 20
Top 10 Contributor
Posts 6,953
Points 118,135

Daniel Muffinburg:
Looks like the feds do regulate/whatever gambling:

Online gambling has been more strictly regulated. The Federal Wire Act of 1961 outlawed interstate wagering on sports but did not address other forms of gambling. It has been the subject of court cases. The Unlawful Internet Gambling Enforcement Act of 2006 did not specifically prohibit online gambling; instead, it outlawed financial transactions involving online gambling service providers. Some offshore gambling providers reacted by shutting down their services for US customers.

You mean they "regulate/whatever" Internet activity.

 

Click the link that gotlucky no doubt came up with in the same 2 seconds it took me and read the first sentence.

 

  • | Post Points: 20
Top 10 Contributor
Male
Posts 5,118
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator

I don't understand your logic.

Are you saying that because gambling is legal in the United States, therefore, the feds don't regulate/whatever gambling?

 

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 20
Top 10 Contributor
Posts 6,953
Points 118,135

I'm saying

1) The question of the thread is quite literally "Is Gambling Prohibited by Federal or State Laws?".  It asks nothing of "regulation/whatever".

2) The passage you quote is specifically regarding gambling that takes place online.

a) I don't see the purpose in focusing on a specific type of gambling when the question was at the very least about gambling in general, and (quite probably) about casino gambling (i.e., non-Internet gambling)...as, the genesis for the question was an article about a famous casino magnate and a question of whether he would stand to lose money if Ron Paul were elected and worked toward repeal of any supposed federal laws that prohibit gambling.

b) I don't see how a passage about "regulating/whatever" is even relevant.

 

  • | Post Points: 20
Top 10 Contributor
Male
Posts 5,118
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator

Ok. But I was referring to: "I'm pretty sure there is a federal mandate against gambling.  It could be something like what's done with the drinking age."

 

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 20
Top 10 Contributor
Posts 6,953
Points 118,135

Daniel Muffinburg:
Ok. But I was referring to: "I'm pretty sure there is a federal mandate against gambling.  It could be something like what's done with the drinking age."

Uh.  Okay.  Then my response still stands, save for one small adjustment:

The question of the thread is quite literally "Is Gambling Prohibited by Federal or State Laws?" The statement is "I'm pretty sure there is a federal mandate against gambling."

Read the rest of it as it is written.

 

  • | Post Points: 20
Top 50 Contributor
Posts 2,028
Points 51,580
limitgov replied on Wed, Feb 22 2012 9:03 AM

So, Ron Paul wouldn't really have an effect on gambling?  Do you think that any state politicians who try to legalize gambling, Las Vegas style, would be intimidated by Las Vegas billionaires?

  • | Post Points: 20
Top 200 Contributor
Posts 467
Points 7,590

This link should help cover a lot of ground:

http://www.gambling-law-us.com/Federal-Laws/

  • | Post Points: 5
replied on Tue, Jun 19 2012 7:52 AM

In each and every there are different rules. In some it is prohibited and in others not. 

  • | Post Points: 20
Top 10 Contributor
Male
Posts 4,987
Points 89,745
Wheylous replied on Wed, Jun 20 2012 5:27 AM

Spambots are getting GOOD at posting relevant replies! Not very in-depth yet, but I'm still impressed.

  • | Post Points: 5
Page 1 of 1 (24 items) | RSS