As it stands today, individual states are free to prohibit or practice gambling within their borders while significant restrictions and limits are put on interstate which activity. In recent years, online games has seen harsher regulations. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but rather it was online financial transactions which were outlawed. This meant that online financial dealings from gambling providers were now illegal which resulted in countless offshore gambling operators excluding US clients from their services.
Existing in gbo slot , it is no more a concern of if online gambling will get into the US market but when and perhaps how. As recently as this month, three says contain legalized online gambling and plan to begin offering bets by the end of the year. Naturally, a gaming firm 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. New Jersey and Delaware also have legalized online gambling therefore far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gambling Association has explained that “Unless you will find a federal bill passed, we are going to have the greatest expansion of legalized gambling in america. I don’t think that’s what anyone intended, but it is what we’re witnessing.” This poses plenty of questions and of course concerns for many existing commercial casinos as well as American policy makers. Will legal online gambling mean fewer men and women in brick and mortar casinos? Will this create a new source of revenue at the state and national level? Think about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, previous chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with the good this could do to generate income and revenue for particular states there may be problems with an increase in compulsive gambling. There is particular concern regarding social media marketing in the US 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 develop into online gambling to check their real casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any business, you’re always looking for what is the next distribution channel.”