As it stands right now, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. Recently, online gambling has seen harsher regulations. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but instead it was online financial transactions that 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 clients from their services.
Existing in this legal grey area, it is no more a problem of if online gambling will enter the US market but when as well as perhaps how. As lately as this month, three says have legalized online gambling and intend 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 also have legalized online gambling and so far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gambling Association has mentioned that “Unless there is a federal bill passed, we are going to have the greatest expansion of legalized gambling in america. I don’t think that’s what anyone intended, nonetheless it is what we’re discovering.” This poses many questions not to mention concerns for most existing commercial casinos and American policy makers. Will legal online gambling mean fewer men and women in brick and mortar casinos? Will this develop a new source of revenue at the state and national level? Think about taxes and regulations? A rise in gamblers?
SuksesSlot of people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with all the good this could do to generate income and revenue for individual states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media in america as some spots like Zynga have previously begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making strategies to increase into online gambling to complement their actual casinos. Geoffrey Stewart, general supervisor of Caesars INTERNET POKER has said “Like any business, you’re always looking for what is another distribution channel.”