As it stands today, individual states are absolve to prohibit or practice gambling within their borders while significant rules and limits are placed on interstate which activity. In slot , online games has seen harsher restrictions. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions that were outlawed. This meant that all online financial transactions from gambling providers were now illegal which resulted in countless offshore gambling operators excluding US consumers from their services.
Existing in this lawful grey area, it is no longer a problem of if online gambling will enter in the united states market but when and perhaps how. As recently as this month, three states include legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming company in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to sole players in Nevada. NJ and Delaware also have legalized online gambling therefore far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gaming Association has said that “Unless there exists a federal bill passed, we are going to have the best expansion of legalized gambling in the United States. I don’t believe that’s what anyone intended, but it is what we’re seeing.” This poses lots of questions and of course concerns for most existing commercial casinos and also American policy makers. Will lawful online gambling mean fewer people in offline casinos? Will this create a new way to obtain revenue at hawaii and national level? Think about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the good this could do to generate income and revenue for particular states there may be problems with a rise in compulsive gambling. There’s particular concern regarding social media in the US as some locations like Zynga have previously begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making strategies to broaden into online gambling to check their physical 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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