As joker stands nowadays, individual states are absolve to prohibit or practice gambling within their borders while significant regulations and limits are put on interstate which activity. In recent years, online video games has seen harsher restrictions. With the Unlawful World wide web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it had been 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 consumers from their services.
Existing in this legal grey area, it is no more a problem of if online gambling will get into the US market but when and perhaps how. As recently as this month, three states have legalized online gambling and intend to begin offering bets by the finish of the year. Naturally, a gaming firm 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 have also legalized online gambling and so far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video games Association has stated that “Unless there exists a federal bill passed, we are going to have the best expansion of legalized gambling in the United States. I don’t believe that’s what anyone intended, nonetheless it is what we’re witnessing.” This poses many questions and of course concerns for many existing commercial casinos along with American policy makers. Will legitimate online gambling mean fewer persons in offline casinos? Will this create a new source of revenue at hawaii 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 possesses voiced concern that with the good this could do to create income and revenue for specific states there may be problems with an increase in compulsive gambling. There’s particular concern regarding social media marketing in the US as some areas like Zynga have previously begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making strategies to broaden into online gambling to complement their bodily casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any business, you’re always searching for what is the next distribution channel.”