As it stands right now, individual states are absolve to prohibit or practice gambling within their borders while significant rules and limits are put on interstate and this activity. In recent years, online games has seen harsher rules. 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 resulted in several offshore gambling operators excluding US consumers from their services.
Existing in this legal grey area, it is no more a concern of if online gambling will enter into the US market but when and perhaps how. As just lately as this month, three states own legalized online gambling and plan to begin offering bets by the finish of this year. Naturally, a gaming company 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. NJ and Delaware also have legalized online gambling therefore far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gambling Association has mentioned that “Unless there exists a federal bill passed, we are going to have the greatest expansion of legalized gambling in america. I don’t think that’s what anyone intended, but it is what we’re seeing.” This poses plenty of questions not to mention concerns for many existing commercial casinos together with American policy makers. Will lawful online gambling mean fewer individuals in offline casinos? Will Maxwin develop a new source of revenue at hawaii and national level? What about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, previous chairman of New Jersey’s Council On Compulsive Gambling features voiced concern that with all the good this could do to create income and revenue for individual states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media marketing in the US as some areas like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many resort casinos are already making programs to grow into online gambling to complement their physical casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any other business, you’re always looking for what is another distribution channel.”