As it stands right now, individual states are absolve to prohibit or practice gambling within their borders while significant rules and limits are put on interstate which activity. Recently, online gambling has seen harsher rules. With the Unlawful World wide web 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 dealings from gambling service providers were now illegal which led to countless offshore gambling operators excluding US buyers from their services.
Existing in this legitimate grey area, it is no longer a question of if online gambling will enter into the US market but when as well as perhaps how. As lately as this month, three says contain legalized online gambling and plan to begin offering bets by the finish of the year. Naturally, a gaming company in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but for now restricting it to just players in Nevada. New Jersey and Delaware have also legalized online gambling therefore far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Video games Association has said that “Unless there is a federal bill passed, we are going to have the best expansion of legalized gambling in the United States. I don’t believe that’s what anyone intended, but it is what we’re seeing.” This poses lots of questions and of course concerns for most existing commercial casinos and American policy makers. slot online gambling mean fewer people in brick and mortar casinos? Will this develop a new source of revenue at the state and national level? Think about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling offers voiced concern that with all the current good this could do to generate income and revenue for personal states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media in the US as some areas like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making strategies to broaden into online gambling to complement their real casinos. Geoffrey Stewart, general office manager of Caesars Online Poker has said “Like any business, you’re always looking for what is the next distribution channel.”