As it stands today, individual states are free to prohibit or practice gambling of their borders while significant rules and limits are placed on interstate which activity. Recently, online gambling has seen harsher regulations. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but instead it was online financial transactions which were outlawed. This meant that all online financial dealings from gambling providers were now illegal which led to countless offshore gambling operators excluding US buyers from their services.
Existing in this legal grey area, it is no longer a concern of if online gambling will enter the US market but when as well as perhaps how. As lately 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 only 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 mentioned that “Unless there is a federal bill passed, we are going to have the greatest expansion of legalized gambling in the United States. I don’t believe that’s what anyone intended, but it is what we’re experiencing.” This poses plenty of questions not to mention concerns for many existing commercial casinos in addition to American policy makers. Will legal online gambling mean fewer people in brick and mortar casinos? Will this create a new source of revenue at the state and national level? What about taxes and regulations? bet7k in gamblers?
Lots of people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with the good this could do to generate income and revenue for particular states there could be problems with an increase in compulsive gambling. There’s particular concern regarding social media marketing in america as some places like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making ideas to expand into online gambling to check their bodily casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any business, you’re always searching for what is another distribution channel.”