As it stands today, individual states are absolve to prohibit or practice gambling within their borders while significant restrictions and limits are put on interstate and this activity. Recently, online gambling has seen harsher rules. With Zeus88 Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but rather it was online financial transactions that were outlawed. This meant that all online financial transactions from gambling providers were now illegal which led to several offshore gambling operators excluding US customers from their services.
Existing in this legitimate grey area, it is no more a problem of if online gambling will enter the united states market but when and perhaps how. As just lately as this month, three states have got legalized online gambling and plan to begin offering bets by the finish of the year. Naturally, a gaming firm in Las Vegas known 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 therefore far ten other states are thinking about legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Games Association has explained that “Unless there is a federal bill passed, we are going to have the best expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re witnessing.” This poses lots of questions and of course concerns for most existing commercial casinos and also American policy makers. Will legal online gambling mean fewer persons 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, ex – chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with the good this could do to generate income and revenue for specific states there may be problems with an increase in compulsive gambling. There’s particular concern regarding social media marketing in the US as some places like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making strategies to expand into online gambling to check their physical casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any business, you’re always searching for what is the next distribution channel.”