ONLINE GAMBLING: What A Mistake!


As it stands right now, individual states are absolve to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. In recent years, online gambling has seen harsher restrictions. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but rather it was online financial transactions that were outlawed. This meant that all online financial dealings from gambling service providers were now illegal which led to several offshore gambling operators excluding US buyers from their services.

Existing in this legal grey area, it is no longer a problem of if online gambling will go into the US market but when as well as perhaps how. As recently as this month, three says have got legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming organization in Las Vegas referred to as Ultimate Gaming was the first to offer online poker but also for now restricting it to only players in Nevada. NJ and Delaware have also 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 Gaming Association has said that “Unless there exists a federal bill passed, we will have the best expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, but it is what we’re discovering.” This poses plenty of questions not to mention concerns for many existing commercial casinos as well as American policy makers. Will legal online gambling mean fewer people in brick and mortar casinos? Will this develop a new source of revenue at the state and national level? pamela poker What about taxes and regulations? A rise in gamblers?

Lots of people including Arnie Wexler, previous chairman of New Jersey’s Council On Compulsive Gambling has got voiced concern that with all the good this could do to create income and revenue for individual states there may be problems with an increase in compulsive gambling. There’s particular concern regarding social media marketing in the US as some locations like Zynga have previously begun taking real-money bets.

Taking in mind the questions and concerns, many hotel casinos are already making programs to expand into online gambling to complement their bodily casinos. Geoffrey Stewart, general manager of Caesars INTERNET POKER has said “Like any business, you’re always looking for what is another distribution channel.”