As it stands nowadays, individual states are free to prohibit or practice gambling within their borders while significant rules and limits are put on interstate which activity. In recent years, online game playing has seen harsher regulations. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions that were outlawed. This meant that all online financial dealings from gambling providers were now illegal which led to many offshore gambling operators excluding US consumers from their services.
Existing in this legal grey area, it is no more a query of if online gambling will get into the US market but when as well as perhaps how. As recently as this month, three says have got 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 ever to offer online poker but for now restricting it to just players in Nevada. New Jersey and Delaware also have legalized online gambling therefore far ten other states are thinking about legalizing it in some form or another.
hotbet , president of the American Gaming Association has said that “Unless there is a federal bill passed, we will have the best expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, nonetheless it is what we’re witnessing.” This poses many questions and of course concerns for many existing commercial casinos together with American policy makers. Will lawful online gambling mean fewer persons in offline casinos? Will this develop a new source of revenue at the state and national level? Think about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling offers voiced concern that with the good this could do to generate income and revenue for specific states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media marketing in the US as some locations like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making strategies to increase into online gambling to check their physical casinos. Geoffrey Stewart, general manager of Caesars INTERNET POKER has said “Like any business, you’re always searching for what is the next distribution channel.”