As it stands nowadays, individual states are free to prohibit or practice gambling within their borders while significant restrictions and limits are put on interstate which activity. Recently, online games has seen harsher regulations. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it had been online financial transactions that were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which led to several offshore gambling operators excluding US consumers from their services.
Existing in this legitimate grey area, it is no longer a problem of if online gambling will enter in the US market but when as well as perhaps how. As recently as this month, three claims contain legalized online gambling and intend to begin offering bets by the end of the year. Naturally, a gaming organization in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but for now restricting it to sole players in Nevada. NJ and Delaware have also legalized online gambling therefore far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video gaming Association has said that “Unless there is a federal bill passed, we are going to have the greatest expansion of legalized gambling in the usa. I don’t believe that’s what anyone intended, but it is what we’re seeing.” This poses lots of questions not to mention concerns for most existing commercial casinos and American policy makers. Will lawful online gambling mean fewer individuals in brick and mortar casinos? Will this develop a new source of revenue at hawaii and national level? What about taxes and regulations? An increase in gamblers?
Ringbet88 of people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with the good this could do to create income and revenue for personal states there may be problems with a rise in compulsive gambling. There’s particular concern regarding social media in america as some places like Zynga have previously begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making plans to broaden into online gambling to complement their real casinos. Geoffrey Stewart, general manager of Caesars INTERNET POKER has said “Like any other business, you’re always looking for what is another distribution channel.”