Online Gambling during the US – What the heck is After that?

Gamble

As it stands today, individual states are absolve to prohibit or practice gambling inside their borders while significant regulations and limits are placed on the interstate and this activity. Recently, online gaming has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it wasn’t explicitly banned but alternatively it was online financial transactions which were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which resulted in several offshore gambling operators excluding US customers from their services.

Existing in this legal grey area, it is no more a question of if online gambling will enter the US market but when and perhaps how. As recently as this month, three states have legalized online gambling and plan to begin offering bets by the end with this year. Naturally, a gaming firm in Las Vegas referred to as Ultimate Gaming was the first to ever offer online poker but for now, restricting it to only players in Nevada. New Jersey and Delaware also have legalized online gambling and so far ten other states are considering legalizing it in certain form or another.

Frank Fahrenkopf, president of the American Gaming Association has said that “Unless there’s a federal bill passed, we will have the maximum expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, but it is what we’re seeing.” This poses plenty of questions and needless to say concerns for most existing commercial casinos as well as American policymakers. UFABET168 Will legal online gambling mean fewer people in brick and mortar casinos? Will this create a new source of revenue at their state and national level? How about taxes and regulations? A rise in gamblers?

Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the good this may do to generate income and revenue for individual states there may be problems having an escalation in compulsive gambling. There’s particular concern regarding social media in the US as some places like Zynga have previously begun taking real-money bets.

Taking at heart all of the questions and concerns, many hotel casinos are already making plans to expand into online gambling to fit their physical casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any business, you’re always searching for what’s the next distribution channel.”

Leave a Reply

Your email address will not be published. Required fields are marked *