A win by Republican Senator Mitch McConnell in Kentucky might not be so bad for the online gambling sector. That tightly contested race was nearly won by his democratic challenger in a state that was the first to go Republican John McCain's way Tuesday night.

McConnell was the guy who got the Unlawful Internet Gaming Enforcement Act carve out for horse betting. Nearly all other forms of Internet gambling were made illegal (at least from an operational aspect) under the UIGEA. That legislation was co-authored by Arizona Republican Senator Jon Kyl.

"(He is) a pragmatic politician," one industry analyst, who wished not to be named, told Gambling911.com. "Maybe someone the industry could deal with. And, certainly, better than the alternative...Jon Kyl."

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