Clear And Unbiased Facts About ONLINE GAMBLING (Without All the Hype)
As it stands nowadays, individual states are free to prohibit or practice gambling of their borders while significant rules and limits are placed on interstate and this activity. Recently, online gambling has seen harsher regulations. With the Unlawful Net Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions which were outlawed. This meant that online financial dealings from gambling providers were now illegal which led to several offshore gambling operators excluding US customers from their services.
Existing in this legitimate grey area, it is no more a problem of if online gambling will go into the united states market but when and perhaps how. As recently as this month, three says contain legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first ever to offer online poker but for now restricting it to only players in Nevada. UFABET New Jersey and Delaware have also legalized online gambling and so far ten other states are thinking about legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Gambling Association has stated that “Unless there is 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, but it is what we’re discovering.” This poses a lot of questions and of course concerns for many existing commercial casinos in addition to American policy makers. Will legitimate online gambling mean fewer men and women in offline casinos? Will this create a new source of revenue at hawaii and national level? What about taxes and regulations? A rise in gamblers?
Many people including Arnie Wexler, ex – chairman of New Jersey’s Council On Compulsive Gambling offers voiced concern that with the good this could do to create income and revenue for specific states there may be problems with an increase 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 extend into online gambling to complement their real casinos. Geoffrey Stewart, general supervisor of Caesars Online Poker has said “Like any other business, you’re always searching for what is another distribution channel.”