The Lazy Way To ONLINE GAMBLING

As it stands today, individual states are free to prohibit or practice gambling of their borders while significant rules and limits are placed on interstate which activity. Recently, online games has seen harsher regulations. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions which were outlawed. This meant that online financial dealings from gambling service providers were now illegal which resulted in numerous offshore gambling operators excluding US buyers from their services.

Existing in this lawful grey area, it is no more a concern of if online gambling will enter in the US market but when as well as perhaps how. As just lately as this month, three claims have got legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming company in Las Vegas referred to as Ultimate Gaming was the first ever to offer online poker but for now restricting it to sole players in Nevada. New Jersey and Delaware also have legalized online gambling and so far ten other states are considering legalizing it in some form or another.

Frank Fahrenkopf, president of the American Game playing Association has stated that “Unless you will find a federal bill passed, we will have the greatest expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re discovering.” This poses a lot of questions and of course concerns for most existing commercial casinos together with American policy makers. Will legitimate online gambling mean fewer individuals 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, past chairman of New Jersey’s Council On Compulsive Gambling possesses voiced concern that with all the good this could do to create income and revenue for specific states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media marketing in the US as some places like Zynga have already begun taking real-money bets.

Taking in mind the questions and concerns, many hotel casinos are already making plans to expand into online gambling to complement their actual casinos. hilo911 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.”