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 video games has seen harsher rules. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions that were outlawed. This meant that online financial dealings from gambling service providers were now illegal which led to countless offshore gambling operators excluding US clients from their services.
Existing in this lawful grey area, it is no more a question of if online gambling will go into the united states market but when as well as perhaps how. As lately as this month, three says own legalized online gambling and plan to begin offering bets by the end of the year. Naturally, a gaming firm in Las Vegas referred to as Ultimate Gaming was the first to offer online poker but also for now restricting it to just players in Nevada. New Jersey and Delaware have also legalized online gambling therefore 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 are going to have the best expansion of legalized gambling in the United States. idn poker don’t believe that’s what anyone intended, but it is what we’re finding.” This poses plenty of questions not to mention concerns for most existing commercial casinos and American policy makers. Will legal online gambling mean fewer men and women in offline casinos? Will this create a new source of revenue at the state and national level? Think about taxes and regulations? An increase in gamblers?
Lots of people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with all the good this could do to generate income and revenue for specific states there may be problems with a rise in compulsive gambling. There’s particular concern regarding social media in america as some areas like Zynga have previously begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making ideas to grow into online gambling to complement their physical casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any other business, you’re always looking for what is the next distribution channel.”