As it stands nowadays, individual states are free to prohibit or practice gambling of their borders while significant restrictions and limits are put on interstate and this activity. Recently, online gaming has seen harsher rules. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it had been online financial transactions which were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which led to various offshore gambling operators excluding US customers from their services.
Existing in this legal grey area, it is no more a query of if online gambling will key in the US market but when and perhaps how. As recently as this month, three claims contain legalized online gambling and plan to begin offering bets by the end of the year. Naturally, a gaming organization in Las Vegas referred to as Ultimate Gaming was the first to offer online poker but for now restricting it to just players in Nevada. NJ and Delaware also have legalized online gambling therefore far ten other states are thinking about legalizing it in a few form or another.
Slot Frank Fahrenkopf, president of the American Gambling Association has said that “Unless you will find a federal bill passed, we will have the best expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re viewing.” This poses a great deal of questions not to mention concerns for most existing commercial casinos in addition to American policy makers. Will legal online gambling mean fewer individuals in brick and mortar casinos? Will this develop a new source of revenue at hawaii and national level? What about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling has 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 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 grow into online gambling to check their physical casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any business, you’re always searching for what is another distribution channel.”