As it stands today, individual states are absolve to prohibit or practice gambling of their borders while significant restrictions and limits are put on interstate which activity. Recently, online game playing has seen harsher restrictions. 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 online financial dealings from gambling service providers were now illegal which led to countless offshore gambling operators excluding US buyers from their services.
Existing in Sports betting , it is no more a problem of if online gambling will get into the US market but when as well as perhaps how. As recently as this month, three says own legalized online gambling and plan to begin offering bets by the end of the year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first to offer online poker but for now restricting it to just 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 exists a federal bill passed, we will have the best expansion of legalized gambling in america. I don’t think that’s what anyone intended, nonetheless it is what we’re discovering.” This poses lots of questions and of course concerns for most existing commercial casinos in addition to American policy makers. Will lawful online gambling mean fewer folks in offline casinos? Will this develop a new way to obtain revenue at the state and national level? What about Online Casino and regulations? A rise in gamblers?
Many people including Arnie Wexler, past 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 unique states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media marketing in the US as some spots like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making plans to increase into online gambling to check their physical casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any business, you’re always looking for what is another distribution channel.”