As it stands nowadays, individual states are free to prohibit or practice gambling of their borders while significant restrictions and limits are placed on interstate which activity. In recent years, online video games has seen harsher rules. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it had been online financial transactions which were outlawed. This meant that all online financial transactions from gambling providers were now illegal which led to various offshore gambling operators excluding US buyers from their services.
Existing in this lawful grey area, it is no longer a question of if online gambling will go into 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 firm in Las Vegas known as Ultimate Gaming was the first to offer online poker but 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 some form or another.
Online Casino , president of the American Video gaming 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 think that’s what anyone intended, but it is what we’re finding.” This poses plenty of questions and of course concerns for most existing commercial casinos together with American policy makers. Will legal online gambling mean fewer persons in offline casinos? Will this create a new source of revenue at the state and national level? What about taxes and regulations? An increase in gamblers?
Sports betting including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling possesses voiced concern that with the good this could do to create income and revenue for individual states there may be problems with an increase in compulsive gambling. There is particular concern regarding social media in the US as some locations like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making ideas to increase into online gambling to check their real casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any business, you’re always looking for what is the next distribution channel.”g
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