As reported by the Boston Herald: "As Bay Staters
plunk down their cash on today’s Kentucky Derby, millions will be
flowing offshore to unregulated online casinos that lure gamblers away
from the state’s racetracks with plum rebates.
Lobbyists for the state’s racetracks have been
pushing unsuccessfully for slot machines for years but Bay Staters need
only turn on their computer to bet – legally – on slots, poker, craps,
blackjack, sports or any other game of chance. Besides the convenience,
many of the online casinos offer 10 to 15 percent cash rebates on all
bets. Gambling watchdogs estimate that as much as $10 billion will be
bet online this year nationwide – all of which is tax free.
"Federal courts have suggested that Internet gaming may be illegal under
wire transfer laws, but offshore casinos continue to explode unchecked,
taking bets from anyone with a credit card or checking account.