Can You Really Find ONLINE GAMBLING (on the Web)?
As it stands right now, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. In recent years, online video gaming 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 online financial dealings from gambling providers were now illegal which led to countless offshore gambling operators excluding US clients from their services.
Existing in this legal grey area, it is no more a problem of if online gambling will get into the united states 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 company in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but for now restricting it to sole players in Nevada. NJ and Delaware have also legalized online gambling therefore far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Video games Association has said that “Unless there is a federal bill passed, we will have the greatest expansion of legalized gambling in america. I don’t believe that’s what anyone intended, nonetheless it is what we’re finding.” This poses lots of questions not to mention concerns for many existing commercial casinos as well as American policy makers. Will legal online gambling mean fewer people in brick and mortar casinos? Will this create a new way to obtain revenue at the state and national level? What about taxes and regulations? n77toto An increase in gamblers?
Many people including Arnie Wexler, previous chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the good this could do to generate income and revenue for specific states there could be problems with a rise in compulsive gambling. There is particular concern 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 hotel casinos are already making plans to increase into online gambling to check their actual casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any business, you’re always looking for what is another distribution channel.”