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What are the odds of Barney Frank's Bill Making it into Law?
Dennis Boyko, PokerPulse
May 9, 2009 (version 0.4 @pokerpulse)


Punters bet on U.S. Gambling Legalisation
Paddy Power Press Release
Friday May 8, 2009

"
DUBLIN, May 8 /PRNewswire-FirstCall/ -- Leading European bookmaker Paddy Power is offering odds on the possible legalisation of internet gambling in the US. There is increasing speculation that overseas companies may return to the US if a newly drafted online gaming bill by Republican Barney Frank gains the required cross-party support.

Paddy Power are offering odds of 4/7 that the Online Gaming Bill for poker will get the green light and be signed into law by President Obama in 2009. They are also offering odds of 6/4 that the Online Gaming Bill for sports betting will be signed into law during Obama's first term.

Paddy Power said "Punters seem to think that Presidents Obama's fondness for playing poker may help get the gaming bill over the line. We've taken so many bets so far that we're already looking at a payout in excess of EUR10,000 (USD$14,700) should the online poker bill getting the thumbs up by the end of the year."

The cheeky bookie is also offering bets on which American State will first veto the bill should it be successfully passed into legalisation. Bible bashing Utah is the 2/1 favourite following by Nevada at 4/1.

In addition, Chairman Frank announced today he is introducing separate legislation to delay the implementation of regulations pursuant to the 2006-passed UIGEA, which are set to go into effect December 1, 2009. The regulations were completed by the Bush Administration at the last minute, and the legislation will stop Federal regulators from enforcing the UIGEA until Congress has had a chance to decide national policy.

Online Gambling Bill

4/7 Online Gambling Bill (Poker) to be signed into law by President Obama in 2009

6/4 Online Gambling Bill (Sports Betting) to be signed into law during President Obama's first term

First State to opt out if Bill is passed

2/1 Utah
4/1 Nevada
6/1 New Jersey
6/1 Texas
8/1 Louisiana
8/1 Tennessee
10/1 Arizona
16/1 Pennsylvania
20/1 California
20/1 Illinois
25/1 Florida
25/1 New Mexico
33/1 New York
33/1 Washington DC
33/1 Massachusetts
About Paddy Power plc - Paddy Power, founded in 1988 by the merger of three existing Irish high street bookmakers, is listed on both the Irish and London stock exchanges. Since launching their online betting portal, paddypower.com, in 2000, they have emerged as one of the leading European gaming brands. In that time, Paddy Power's online gaming business has extended its offering to poker, casino, financial spread betting, skill and fixed odds gaming products. Paddy Power takes an unconventional approach to betting and gaming believing them to be firmly rooted in the leisure and entertainment space. As such its mission is to make betting fun. The company is renowned for their inventive marketing and advertising campaigns.
For more information contact;

Ken Robertson,
Paddy Power plc,
Tel: +353-1-4045-915,
Mob: +353-87-8528-718.


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