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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. Recently, online game playing has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions that were outlawed. This meant that online financial transactions from gambling service providers were now illegal which resulted in many offshore gambling operators excluding US buyers from their services.
Existing in this legal grey area, it is no more a query of if online gambling will enter in the US market but when as well as perhaps how. As recently as this month, three states have got legalized online gambling and plan to begin offering bets by the finish of the year. Naturally, Maxwin gaming company in Las Vegas referred to as Ultimate Gaming was the first to offer online poker but also for now restricting it to just players in Nevada. NJ and Delaware also have legalized online gambling therefore far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Video games Association has explained that “Unless there is a federal bill passed, we are going to have the greatest expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, nonetheless it is what we’re discovering.” This poses many questions not to mention concerns for many existing commercial casinos and American policy makers. Will legitimate online gambling mean fewer men and women in brick and mortar casinos? Will this develop a new way to obtain revenue at hawaii and national level? What about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling has got voiced concern that with the good this could do to generate income and revenue for individual states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media 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 plans 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 another distribution channel.”