As it stands today, individual states are absolve to prohibit or practice gambling within their borders while significant restrictions and limits are placed on interstate which activity. In recent years, online video games has seen harsher restrictions. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions that were outlawed. This meant that online financial dealings from gambling service providers were now illegal which led to various offshore gambling operators excluding US customers from their services.

Existing in this legal grey area, it is no more a problem of if online gambling will get into the US market but when as well as perhaps how. As recently as this month, three states have legalized online gambling and intend to begin offering bets by the finish of the year. Naturally, a gaming company in Las Vegas known as Ultimate Gaming was the first to offer online poker but also for now restricting it to sole players in Nevada. NJ and Delaware have also legalized online gambling and so far ten other states are thinking about legalizing it in some form or another.

klik88 Frank Fahrenkopf, president of the American Video gaming Association has stated that “Unless you will find a federal bill passed, we will have the best expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re witnessing.” This poses a lot of questions not to mention concerns for many existing commercial casinos as well as American policy makers. Will legitimate online gambling mean fewer people in offline casinos? Will this create a new way to obtain revenue at the state and national level? What about taxes and regulations? A rise in gamblers?

Lots of people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling offers voiced concern that with the good this could do to create income and revenue for personal states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media in the US as some spots like Zynga have previously begun taking real-money bets.

Taking in mind all the questions and concerns, many hotel casinos are already making plans to broaden into online gambling to complement their real casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any other business, you’re always searching for what is the next distribution channel.”

Old School ONLINE GAMBLING

Leave a Reply

Your email address will not be published. Required fields are marked *