As it stands nowadays, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. Recently, online games has seen harsher regulations. With the Unlawful Web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it was online financial transactions that were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which led to several offshore gambling operators excluding US customers from their services.
Existing in this legal grey area, it is no longer a dilemma of if online gambling will enter the US market but when as well as perhaps how. As lately as this month, three states include legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming firm in Las Vegas known as Ultimate Gaming was the first to offer online poker but also for now restricting it to only players in Nevada. NJ and Delaware also have legalized online gambling and so far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Game playing Association has said that “Unless there exists a federal bill passed, we are going to have the best expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re witnessing.” This poses a lot of questions not to mention concerns for many existing commercial casinos along with American policy makers. Will legitimate online gambling mean fewer individuals in brick and mortar casinos? Will this create a new way to obtain revenue at hawaii and national level? website What about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with the good this could do to generate income and revenue for unique states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media in america as some spots like Zynga have previously begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making programs to expand into online gambling to complement their actual casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any other business, you’re always looking for what is the next distribution channel.”