As it stands nowadays, individual states are free to prohibit or practice gambling of their borders while significant rules and limits are put on interstate which activity. Recently, online games has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it had been online financial transactions that were outlawed. This meant that online financial transactions from gambling providers were now illegal which led to countless offshore gambling operators excluding US consumers from their services.
Existing in this legitimate grey area, it is no more a question of if online gambling will enter the united states 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 firm in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to just players in Nevada. New Jersey and Delaware also have 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 explained that “Unless there exists a federal bill passed, we are going to have the best expansion of legalized gambling in america. I don’t believe that’s what anyone intended, but it is what we’re discovering.” This poses plenty of questions and of course concerns for many existing commercial casinos together with American policy makers. Will legitimate online gambling mean fewer individuals in offline casinos? Will this create a new source of revenue at the state and national level? Think about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, past 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 unique states there could be problems with a rise in compulsive gambling. There is particular concern regarding social media in the US as some locations like Zynga have previously begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making plans to expand into online gambling to complement their real casinos. Geoffrey Stewart, general office manager of Caesars Online Poker has said “Like any other business, you’re always searching for what is the next distribution channel.”