As it stands today, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are put on interstate and this activity. In recent years, online games has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it was online financial transactions which were outlawed. This meant that online financial transactions from gambling service providers were now illegal which led to numerous offshore gambling operators excluding US clients from their services.
Existing in this legitimate grey area, it is no more a concern of if online gambling will go into the united states market but when and perhaps how. As lately as this month, three states own legalized online gambling and plan to begin offering bets by the finish of the year. Naturally, a gaming firm in Las Vegas referred to 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 have also legalized online gambling and so far ten other states are thinking about legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Gambling Association has mentioned that “Unless there exists a federal bill passed, we will have the best expansion of legalized gambling in the usa. I don’t believe that’s what anyone intended, nonetheless it is what we’re discovering.” This poses many questions and of course concerns for many existing commercial casinos and also American policy makers. Will legal online gambling mean fewer individuals in offline casinos? Will this create a new way to obtain revenue at the state and national level? What about taxes and regulations? pretty gaming A rise in gamblers?
Many people including Arnie Wexler, previous chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the current good this could do to generate income and revenue for specific states there may be problems with an increase in compulsive gambling. There’s particular concern regarding social media marketing in the US as some places like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making plans to extend into online gambling to check their real casinos. Geoffrey Stewart, general office manager of Caesars INTERNET POKER has said “Like any other business, you’re always searching for what is the next distribution channel.”