Online Gambling in the us : That which is Following that?

Because it stands today, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. Lately, online gaming has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it wasn’t explicitly banned but instead it was online financial transactions that were outlawed. This meant that online financial transactions from gambling service providers were now illegal which resulted in many offshore gambling operators excluding US customers from their services.

Existing in this legal grey area, it is no more a concern of if online gambling will enter the US market however when and perhaps how. As recently as this month, three states have legalized online gambling and plan to start offering bets by the end of this year. Naturally, a gambling firm in Las Vegas called Ultimate Gaming was the first to ever offer online poker but for the present time restricting it to only players in Nevada. New Jersey and Delaware have legalized online gambling and so far ten other states are considering legalizing it in a few form or another.

Frank Fahrenkopf, president of the American Gaming Association has said that “Unless there is a federal bill passed, we are going to have the maximum expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, but it is what we’re seeing.” This poses a lot of questions and obviously concerns for many existing commercial casinos in addition to American policy makers บาคาร่าออนไลน์. Will legal online gambling mean fewer people in brick and mortar casinos? Will this produce a new source of revenue at the state and national level? How about taxes and regulations? A rise in gamblers?

Lots of people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the good this can do to generate income and revenue for individual states there may be problems having an escalation in compulsive gambling. There’s particular concern regarding social media marketing in the US as some places like Zynga have previously begun taking real-money bets.

Taking at heart all of the questions and concerns, many hotel casinos are already making plans to expand into online gambling to fit their physical casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like every other business, you’re always trying to find what’s the next distribution channel.”

Leave a Reply

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