As it stands right now, individual states are free to prohibit or practice gambling of their borders while significant regulations and limits are placed on interstate which activity. In recent years, online video gaming has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it had been online financial transactions which were outlawed. This meant that all online financial dealings from gambling service providers were now illegal which led to numerous offshore gambling operators excluding US buyers from their services.
Existing in this lawful grey area, it is no longer a problem of if online gambling will get into the united states market but when and perhaps how. As just lately as this month, three says have legalized online gambling and plan to begin offering bets by the finish of the year. Naturally, a gaming company in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but also for now restricting it to just players in Nevada. New Jersey and Delaware have also 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 explained that “Unless there exists a federal bill passed, we will have the best expansion of legalized gambling in the usa. I don’t believe that’s what anyone intended, but it is what we’re experiencing.” This poses many questions and of course concerns for many existing commercial casinos along with American policy makers. Slot online gambling mean fewer men and women in offline casinos? Will this develop a new source of revenue at the state 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 features voiced concern that with all the good this could do to generate income and revenue for personal states there could be problems with an increase in compulsive gambling. There’s particular concern regarding social media marketing in america as some places like Zynga have already begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making strategies to expand into online gambling to complement their actual physical casinos. Geoffrey Stewart, general office manager of Caesars INTERNET POKER has said “Like any other business, you’re always looking for what is the next distribution channel.”