As it stands nowadays, individual states are absolve to prohibit or practice gambling of their borders while significant restrictions and limits are put on interstate which activity. Recently, online video gaming has seen harsher regulations. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it was online financial transactions that were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which led to many offshore gambling operators excluding US buyers from their services.
Existing in this lawful grey area, it is no longer a concern of if online gambling will enter in the US market but when and perhaps how. As recently as this month, three says have got legalized online gambling and plan to begin offering bets by the end of the year. Naturally, a gaming organization in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to just players in Nevada. NJ and Delaware have also legalized online gambling therefore far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video games Association has mentioned that “Unless there exists 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 seeing.” This poses many questions and of course concerns for most existing commercial casinos and American policy makers. Will legitimate online gambling mean fewer individuals in offline casinos? Will this create a new source of revenue at the state and national level? Think about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with all the good this could do to create income and revenue for personal states there could be problems with an increase in compulsive gambling. itcbet There’s particular concern regarding social media in america as some areas like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making strategies to expand into online gambling to check their actual casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any other business, you’re always searching for what is the next distribution channel.”
