As it stands nowadays, individual states are absolve to prohibit or practice gambling of their borders while significant rules and limits are put on interstate which activity. In recent years, online video games has seen harsher regulations. With the Unlawful Web 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 dealings from gambling providers were now illegal which led to several offshore gambling operators excluding US customers from their services.
Existing in this legal grey area, it is no longer a query of if online gambling will get into the US market but when and perhaps how. As just lately as this month, three states have legalized online gambling and intend to begin offering bets by the finish of the year. Naturally, a gaming organization in Las Vegas referred to as Ultimate Gaming was the first to offer online poker but also for now restricting it to sole players in Nevada. NJ and Delaware have also legalized online gambling therefore far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video gaming Association has mentioned that “Unless there is a federal bill passed, we will have the best expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, but it is what we’re experiencing.” This poses a lot of questions not to mention concerns for most existing commercial casinos along with American policy makers. Will legal online gambling mean fewer men and women in brick and mortar casinos? Will stars77 develop 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, past 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 individual states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media in the US as some areas like Zynga have previously begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making strategies to expand into online gambling to complement their real casinos. Geoffrey Stewart, general manager of Caesars INTERNET POKER has said “Like any business, you’re always searching for what is another distribution channel.”