As it stands today, individual states are absolve to prohibit or practice gambling within their borders while significant restrictions and limits are placed on interstate and this activity. In recent years, online video gaming has seen harsher regulations. With the Unlawful Web 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 online financial transactions from gambling providers were now illegal which led to numerous offshore gambling operators excluding US clients from their services.
Existing in this legitimate grey area, it is no more a question of if online gambling will enter in the US market but when as well as perhaps how. As lately as this month, three states include legalized online gambling and intend to begin offering bets by the end of the year. Naturally, a gaming company in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but for now restricting it to just players in Nevada. NJ and Delaware have also legalized online gambling and so far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video games Association has explained that “Unless you will find a federal bill passed, we will have the best expansion of legalized gambling in america. I don’t think that’s what anyone intended, but it is what we’re seeing.” This poses many questions and of course concerns for most existing commercial casinos in addition to American policy makers. Will legal online gambling mean fewer people in offline casinos? Will this create a new source of revenue at the state and national level? What about taxes and regulations? REZEKI123 in gamblers?
Many people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling has got voiced concern that with all the good this could do to generate 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 spots like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making ideas to develop into online gambling to complement their bodily casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any other business, you’re always searching for what is another distribution channel.”