As it stands today, individual states are free to prohibit or practice gambling within their borders while significant restrictions and limits are placed on interstate and this activity. Recently, online gaming has seen harsher restrictions. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it had been not explicitly banned but rather it was online financial transactions that were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which resulted in many offshore gambling operators excluding US customers from their services.
Existing in this lawful grey area, it is no more a dilemma of if online gambling will enter in the united states market but when as well as perhaps how. As recently as this month, three claims contain legalized online gambling and intend 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. pd12 NJ and Delaware also have legalized online gambling and so far ten other states are thinking about legalizing it in some form or another.
Frank Fahrenkopf, president of the American Video gaming Association has mentioned that “Unless there exists a federal bill passed, we will have the greatest expansion of legalized gambling in the usa. I don’t believe that’s what anyone intended, but it is what we’re finding.” This poses a lot of questions and of course concerns for most existing commercial casinos and also American policy makers. Will lawful online gambling mean fewer individuals in offline casinos? Will this create a new way to obtain revenue at the state and national level? Think about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling provides voiced concern that with the good this could do to create income and revenue for specific states there may be problems with a rise in compulsive gambling. There is particular concern regarding social media in the US as some areas like Zynga have previously begun taking real-money bets.
Taking in mind the questions and concerns, many resort casinos are already making strategies to grow into online gambling to complement their physical casinos. Geoffrey Stewart, general office manager of Caesars Online Poker has said “Like any other business, you’re always searching for what is the next distribution channel.”