As it stands nowadays, individual states are absolve to prohibit or practice gambling within their borders while significant rules and limits are put on interstate which activity. Recently, online gambling has seen harsher restrictions. 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 all online financial dealings from gambling service providers were now illegal which resulted in various offshore gambling operators excluding US buyers from their services.
Existing in this legitimate grey area, it is no longer a question of if online gambling will enter into the US market but when as well as perhaps how. As recently as this month, three states have legalized online gambling and plan to begin offering bets by the finish of this year. Naturally, a gaming firm in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but for now restricting it to only players in Nevada. NJ and Delaware have also legalized online gambling therefore far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gaming Association has explained that “Unless there is a federal bill passed, we will have the greatest expansion of legalized gambling in the United States. I don’t believe that’s what anyone intended, but it is what we’re seeing.” Online Casino poses a great deal of questions not to mention concerns for many existing commercial casinos together with American policy makers. Will legal online gambling mean fewer persons in brick and mortar casinos? Will this develop a new way to obtain revenue at hawaii and national level? Think about taxes and regulations? A rise in gamblers?
Lots of people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with all the current good this could do to create income and revenue for particular states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media in america as some places like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making ideas to broaden into online gambling to complement their real casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any other business, you’re always looking for what is the next distribution channel.”