Since it stands today, individual states are free 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 was not explicitly banned but alternatively it absolutely was online financial transactions which were outlawed. This meant that most online financial transactions from gambling service providers were now illegal which resulted in many offshore gambling operators excluding US customers from their services.
Existing in this legal grey area, it is no further a question of if online gambling will enter the US market nevertheless when and perhaps how. As recently as this month, three states have legalized online gambling and plan to begin offering bets by the conclusion of this year. UFABET168 Naturally, a gaming firm in Las Vegas called Ultimate Gaming was the first 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 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 best 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 a lot of questions and of course concerns for several existing commercial casinos in addition to American policymakers. 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? What about taxes and regulations? An increase 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 could be problems by having an escalation in compulsive gambling. There’s particular concern regarding social networking in the US as some places like Zynga have already begun taking real-money bets.
Taking at heart most of the questions and concerns, many hotel casinos are already making plans to expand into online gambling to complement their physical casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like every other business, you’re always trying to find what is another distribution channel.”Read More