As it stands today, individual states are free to prohibit or practice gambling of their borders while significant restrictions and limits are put on interstate which activity. Recently, online video gaming has seen harsher regulations. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it was online financial transactions which were outlawed. This meant that all online financial transactions from gambling providers were now illegal which resulted in countless offshore gambling operators excluding US clients from their services.
Existing in this legitimate grey area, it is no longer a problem of if online gambling will enter the US market but when as well as perhaps how. As lately as this month, three says possess legalized online gambling and intend to begin offering bets by the end of this year. Naturally, a gaming company in Las Vegas known 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 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 Gambling Association has said that “Unless you will find a federal bill passed, we are going to have the greatest expansion of legalized gambling in the usa. I don’t think that’s what anyone intended, but it is what we’re finding.” This poses many questions not to mention concerns for most existing commercial casinos as well as American policy makers. Will legitimate online gambling mean fewer individuals in brick and mortar 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, former chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the current good this could do to create income and revenue for particular states there could be problems with a rise in compulsive gambling. There’ joker regarding social media in the US as some spots like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many hotel casinos are already making strategies to develop into online gambling to check their actual physical casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any business, you’re always searching for what is another distribution channel.”