As it stands nowadays, individual states are absolve to prohibit or practice gambling within their borders while significant rules and limits are placed on interstate which activity. Recently, online gaming 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 which were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which resulted in various offshore gambling operators excluding US buyers from their services.
Existing in this lawful grey area, it is no longer a question of if online gambling will enter into the US market but when and perhaps how. As just lately as this month, three says include legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming company in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to only players in Nevada. New Jersey and Delaware have also legalized online gambling and so far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Game playing Association has said that “Unless there is a federal bill passed, we will have the best expansion of legalized gambling in america. I don’t believe that’s what anyone intended, but it is what we’re finding.” This poses a great deal of questions and of course concerns for most existing commercial casinos in addition to American policy makers. Will lawful online gambling mean fewer people in brick and mortar casinos? Will this develop a new way to obtain revenue at the state and national level? Think about taxes and regulations? big gaming An increase in gamblers?
Lots of people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with all the current good this could do to create income and revenue for individual states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media in america as some locations like Zynga have previously begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making programs to broaden into online gambling to complement their physical casinos. Geoffrey Stewart, general supervisor of Caesars INTERNET POKER has said “Like any business, you’re always looking for what is another distribution channel.”