As is happening now, each country is free to forbid or practice gambling within their borders while significant regulations and limits are placed on the interstate and this activity. In recent years, online gaming has seen harder regulations. With the 2006 Internet gambling enforcement law (UIGA), it is not explicitly prohibited but it is an online financial transaction that is prohibited. This means that all online financial transactions from gambling service providers are now illegal which results in many offshore gambling operators not including US customers from their services.
It’s in this legal gray area, it’s no longer a question about whether online gambling will enter the US market but when and maybe how. Recently this month, three countries have legalized online gambling and plans to start offering bets at the end of this year. Naturally, a gaming company in Las Vegas known as the Ultimate Gaming is the first to offer online poker but for now it only limits for players in Nevada. New Jersey and Delaware have also legalized online gambling and so far ten other countries consider legalizing it in several forms or others.
Frank Fahrenkopf, President of the American Gaming Association said that “unless there is a federal bill passing, we will have the biggest expansion of gambling passed in the United States. I don’t think that’s what anyone means, but that’s what we see.” This raises many questions And of course worries for many existing commercial casinos and American policy makers. Will legitimate online gambling mean fewer people in brick and mortar casinos? Will this create new sources of income at the state and national level? What about taxes and regulations? Increased Gambler?
Many people including Arnie Wexler, the former Chairman of the New Jersey Board at compulsive gambling has voiced concern that with all thisPKV Games good can be done to generate income and income for each state that can occur in compulsive gambling. There are special concerns about social media in the US because some places like Zynga have started taking real money betting.
Given all the questions and problems, many hotel casinos have made plans to expand into online gambling to equip their physical casino. Geoffrey Stewart, General Manager Caesars Online Poker has said “like another business, you always look for what is the next distribution channel.”