Congress is cracking down on online gambling. The new Port Security Bill included a section to make online gambling even more difficult.
Before the new law, internet gambling in the U.S. was illegal. But, people could gamble on the net with foreign companies.
Now, it is very difficult for people to transfer their money to these websites. Over 15 million Americans gamble online each year and spend between 4 and 5 billion dollars.
With a majority of online gambling revenue coming from Americans, many sites will take a huge financial hit.