As it stands today, individual states are absolve to prohibit or practice gambling within their borders while significant rules and limits are put on interstate which activity. Recently, online video games has seen harsher restrictions. With the Unlawful Internet 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 customers from their services.
Existing in this legal grey area, it is no more a concern of if online gambling will key in the US market but when and perhaps how. As recently as this month, three says include legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to sole players in Nevada. New Jersey and Delaware have also 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 mentioned that “Unless you will find a federal bill passed, we are going to have the best expansion of legalized gambling in the usa. I don’t believe that’s what anyone intended, nonetheless it is what we’re viewing.” Ringbet88 poses lots of questions and of course concerns for many existing commercial casinos as well as American policy makers. Will legitimate online gambling mean fewer men and women in offline 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, 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 individual states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media in america as some places like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making ideas to broaden into online gambling to complement their actual physical casinos. 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.”