As it stands right now, individual states are absolve to prohibit or practice gambling of their borders while significant restrictions and limits are put on interstate and this activity. In recent years, online gambling has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but instead it was online financial transactions that were outlawed. This meant that online financial transactions from gambling providers were now illegal which resulted in countless offshore gambling operators excluding US consumers from their services.
Existing in this legitimate grey area, it is no more a problem of if online gambling will enter the US market but when and perhaps how. As lately as this month, three claims possess legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming company in Las Vegas known as Ultimate Gaming was the first to offer online poker but also for now restricting it to only players in Nevada. NJ and Delaware also have legalized online gambling therefore far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Gaming Association has mentioned that “Unless there is a federal bill passed, we are going to have the best expansion of legalized gambling in the usa. m77casino don’t think that’s what anyone intended, nonetheless it is what we’re witnessing.” This poses many questions and of course concerns for most existing commercial casinos and also American policy makers. Will legal online gambling mean fewer persons in offline casinos? Will this create a new source of revenue at hawaii and national level? What about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling offers voiced concern that with the good this could do to create income and revenue for individual states there may be problems with a rise in compulsive gambling. There’s particular concern regarding social media marketing in the US as some areas like Zynga have already 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 actual physical casinos. Geoffrey Stewart, general supervisor of Caesars INTERNET POKER has said “Like any business, you’re always searching for what is the next distribution channel.”