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 and this activity. In recent years, online video gaming has seen harsher rules. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it had been online financial transactions that were outlawed. This meant that online financial transactions from gambling providers were now illegal which led to numerous offshore gambling operators excluding US buyers from their services.
Existing in this legal grey area, it is no longer a query of if online gambling will enter the US market but when and perhaps how. As lately as this month, three states possess legalized online gambling and plan to begin offering bets by the end of the year. Naturally, a gaming company in Las Vegas known as Ultimate Gaming was the first to offer online poker but also for now restricting it to only players in Nevada. NJ and Delaware have also legalized online gambling and so far ten other states are considering legalizing it in some form or another.
1 Win Bet , president of the American Video gaming Association has stated that “Unless there exists a federal bill passed, we will have the greatest expansion of legalized gambling in america. I don’t think that’s what anyone intended, nonetheless it is what we’re experiencing.” This poses a great deal of questions and of course concerns for most existing commercial casinos and also American policy makers. Will lawful online gambling mean fewer folks in brick and mortar casinos? Will this create a new way to obtain revenue at hawaii and national level? What 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 good this could do to generate income and revenue for unique states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media in the US as some spots like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making programs to increase into online gambling to complement their physical casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any business, you’re always searching for what is another distribution channel.”