Since it stands today, individual states are liberated to prohibit or practice gambling inside their borders while significant regulations and limits are put on interstate and this activity. In recent years, 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 online financial transactions from gambling service providers were now illegal which resulted in lots of offshore gambling operators excluding US customers from their services.
Existing in this legal grey area, it’s no longer a question of if online gambling will enter the US market however when and perhaps how. As recently as this month, three states have legalized online gambling and plan to start offering bets by the conclusion of the year. Naturally, a gambling firm in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but for the time being restricting it to only players in Nevada. New Jersey and Delaware have legalized online gambling and to date ten other states are considering legalizing it in certain form or another.
Frank Fahrenkopf, president of the American Gaming Association has stated that “Unless there’s a federal bill passed, we are likely to have the maximum expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, but it’s what we’re seeing.” This poses lots of questions and obviously concerns for a lot of existing commercial casinos as well as American policy makers. Will legal online gambling mean fewer people in brick and mortar casinos? Will this produce a new supply of revenue at their state and national level? What about taxes and regulations? A growth in gamblers?
Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with the good this can do to generate income and revenue for individual states there may be problems having an upsurge in compulsive gambling qq24jam. There’s particular concern regarding social networking in the US as some places like Zynga have begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos happen to be making plans to expand into online gambling to check their physical casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like some other business, you’re always looking for what is the next distribution channel.