As it stands right now, individual states are absolve to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. In recent years, online gambling 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 that were outlawed. This meant that online financial dealings from gambling providers were now illegal which led to countless offshore gambling operators excluding US consumers from their services.
Existing in this legal grey area, it is no more a issue of if online gambling will enter the US market but when and perhaps how. As just lately as this month, three claims own legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming company in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to sole players in Nevada. NJ and Delaware also have legalized online gambling and so far ten other states are thinking about legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video gaming Association has mentioned that “Unless you will find a federal bill passed, we are going to have the best expansion of legalized gambling in the United States. academyofshotokan don’t believe that’s what anyone intended, nonetheless it is what we’re witnessing.” This poses a lot of questions not to mention concerns for most existing commercial casinos together with American policy makers. Will legal online gambling mean fewer people in offline casinos? Will this create a new way to obtain revenue at the state and national level? What about taxes and regulations? A rise in gamblers?
Lots of people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling features voiced concern that with all the good this could do to create income and revenue for individual states there may be problems with an increase in compulsive gambling. There’s particular concern regarding social media in the US as some areas like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many hotel casinos are already making programs to extend into online gambling to check their physical casinos. Geoffrey Stewart, general manager of Caesars INTERNET POKER has said “Like any business, you’re always looking for what is another distribution channel.”