As it stands nowadays, individual states are absolve to prohibit or practice gambling of their borders while significant regulations and limits are put on interstate and this activity. In recent years, online gambling has seen harsher restrictions. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it had been online financial transactions that were outlawed. This meant that online financial dealings from gambling service providers were now illegal which led to numerous offshore gambling operators excluding US customers from their services.
Cici4d Existing in this legitimate grey area, it is no longer a query of if online gambling will enter the US market but when as well as perhaps how. As recently as this month, three says include legalized online gambling and intend to begin offering bets by the end of the year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to just players in Nevada. NJ and Delaware also have legalized online gambling and so far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Gambling Association has explained that “Unless there exists a federal bill passed, we are going to have the best expansion of legalized gambling in america. I don’t think that’s what anyone intended, but it is what we’re witnessing.” This poses many questions and of course concerns for many existing commercial casinos along with American policy makers. Will legitimate online gambling mean fewer folks in brick and mortar casinos? Will this create a new source of revenue at hawaii and national level? Think about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling features voiced concern that with all the current good this could do to generate income and revenue for particular 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 the questions and concerns, many resort casinos are already making plans to increase 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 the next distribution channel.”