As it stands nowadays, 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 games has seen harsher rules. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead 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 many offshore gambling operators excluding US consumers from their services.
Existing in this legal grey area, it is no more a problem of if online gambling will go into the US market but when and perhaps how. As just lately as this month, three says include legalized online gambling and intend to begin offering bets by the end of this year. Naturally, a gaming firm in Las Vegas known as Ultimate Gaming was the first to offer online poker but also for now restricting it to just players in Nevada. NJ and Delaware have also 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 Video games Association has mentioned that “Unless there exists a federal bill passed, we are going to have the greatest expansion of legalized gambling in america. I don’t believe that’s what anyone intended, but it is what we’re experiencing.” This poses lots of questions not to mention concerns for most existing commercial casinos as well as American policy makers. Will legitimate online gambling mean fewer people in brick and mortar casinos? Will this develop a new source of revenue at the state and national level? What about taxes and regulations? Teratai888 in gamblers?
Lots of people including Arnie Wexler, previous chairman of New Jersey’s Council On Compulsive Gambling features voiced concern that with the good this could do to generate income and revenue for personal states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media marketing in america as some locations like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making programs to grow into online gambling to check their bodily casinos. Geoffrey Stewart, general manager of Caesars INTERNET POKER has said “Like any business, you’re always looking for what is another distribution channel.”