As it stands today, individual states are free to prohibit or practice gambling within their borders while significant rules and limits are put on interstate and this activity. In recent years, online gambling has seen harsher rules. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but instead it had been online financial transactions which were outlawed. This meant that online financial transactions from gambling service providers were now illegal which led to many offshore gambling operators excluding US clients from their services.
Existing in this legal grey area, it is no longer a question of if online gambling will get into the US market but when as well as perhaps how. As recently as m77 casino , three says have 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 to offer online poker but for now restricting it to sole 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 stated that “Unless there is a federal bill passed, we are going to have the best expansion of legalized gambling in america. I don’t think that’s what anyone intended, but it is what we’re discovering.” This poses many questions and of course concerns for many existing commercial casinos in addition to American policy makers. Will legitimate online gambling mean fewer people in offline casinos? Will this create a new source of revenue at hawaii and national level? What about taxes and regulations? An increase 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 specific states there may be problems with an increase in compulsive gambling. There is particular concern regarding social media in the US as some locations like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making programs to increase into online gambling to check their physical casinos. Geoffrey Stewart, general office manager of Caesars INTERNET POKER has said “Like any other business, you’re always searching for what is the next distribution channel.”