As it stands nowadays, individual states are absolve to prohibit or practice gambling within their borders while significant regulations and limits are put on interstate which activity. Recently, online gaming has seen harsher rules. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it was online financial transactions which were outlawed. This meant that all online financial dealings from gambling providers were now illegal which led to numerous offshore gambling operators excluding US customers from their services.
Existing in this legal grey area, it is no longer a dilemma of if online gambling will go into the US market but when as well as perhaps how. As just lately as this month, three claims have legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first to offer online poker but also for now restricting it to sole players in Nevada. NJ and Delaware have also legalized online gambling and so far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gambling Association has stated that “Unless there exists a federal bill passed, we will have the greatest expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re discovering.” slot online poses many questions and of course concerns for many existing commercial casinos and American policy makers. Will legitimate online gambling mean fewer persons in brick and mortar casinos? Will this create a new way to obtain revenue at hawaii and national level? What about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with the good this could do to create income and revenue for particular states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media in the US as some spots like Zynga have previously begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making plans to expand into online gambling to complement their bodily casinos. Geoffrey Stewart, general office manager of Caesars Online Poker has said “Like any business, you’re always searching for what is another distribution channel.”