Gambling News by House of Odds

New Zealanders are spending an estimated $286 million a year with offshore bookmakers on racing and sports events, and that is part of more than $2 billion spent on offshore gambling annually.

Congress is moving closer to passing legislation that will relieve U.S. financial services companies from implementing bans on Internet gambling as the Payments System Protection Act (H.R. 6870) was approved by the House Committee on Financial Services and appears headed for a possible vote by the full House next week.