As it stands today, individual states are absolve to prohibit or practice gambling within their borders while significant restrictions and limits are placed on interstate and this activity. In recent years, online video gaming has seen harsher restrictions. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was 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 various offshore gambling operators excluding US clients from their services.
Existing in this legal grey area, it is no more a question of if online gambling will enter in the US market but when and perhaps how. As just lately as this month, three says own legalized online gambling and intend to begin offering bets by the finish of this year. Naturally, a gaming company in Las Vegas referred to as Ultimate Gaming was the first to offer online poker but for now restricting it to sole players in Nevada. New Jersey and Delaware have also legalized online gambling and so far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Game playing Association has said that “Unless there is a federal bill passed, we are going to have the best expansion of legalized gambling in america. bro138 don’t think that’s what anyone intended, but it is what we’re finding.” This poses many questions and of course concerns for most existing commercial casinos and American policy makers. Will legal online gambling mean fewer people in brick and mortar casinos? Will this create a new source of revenue at the state and national level? What about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with all the current good this could do to generate income and revenue for particular person states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media marketing in america as some locations like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many hotel casinos are already making plans to increase into online gambling to complement their real casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any other business, you’re always searching for what is another distribution channel.”