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 gaming 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 that were outlawed. This meant that all online financial dealings from gambling service providers were now illegal which resulted in numerous offshore gambling operators excluding US consumers from their services.
Existing in this legal grey area, it is no more a question of if online gambling will enter into the US market but when as well as perhaps how. As just lately as this month, three states include legalized online gambling and plan to begin offering bets by the end of the year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first to offer online poker but for now restricting it to sole players in Nevada. New Jersey and Delaware also have legalized online gambling therefore far ten other states are thinking about legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video games Association has said that “Unless you will find a federal bill passed, we are going to have the best expansion of legalized gambling in america. I don’t think that’s what anyone intended, but it is what we’re experiencing.” This poses a lot of questions and of course concerns for many existing commercial casinos in addition to American policy makers. Will legal online gambling mean fewer individuals in brick and mortar casinos? Will this create a new way to obtain revenue at hawaii and national level? What about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, previous chairman of New Jersey’s Council On Compulsive Gambling features voiced concern that with the good this could do to create income and revenue for personal states there may be problems with a rise in compulsive gambling. There is Maxwin regarding social media marketing in the US as some locations like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making plans to extend into online gambling to complement their actual casinos. Geoffrey Stewart, general office manager of Caesars Online Poker has said “Like any business, you’re always searching for what is another distribution channel.”