House Gets Online Gambling Bill
A U.S. House committee approved a bill that would outlaw Internet casinos and most other forms of online gambling. The Judiciary Committee voted 21-8 to send the legislation to the full House. The measure would would impose a fine equal to the value of the bet or $20,000, whichever is greater, and a maximum four-year prison sentence. Supporters said the bill will help control an unregulated and growing industry. The FBI estimates that Internet gambling revenue more than doubled to $651 million in 1999, from $300 million in 1998.