If You Do Not (Do)ONLINE GAMBLING Now, You Will Hate Yourself Later

December 6, 2023

As it stands nowadays, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. Recently, online gaming has seen harsher regulations. With Maxwin 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 dealings from gambling service providers were now illegal which led to numerous offshore gambling operators excluding US buyers from their services.

Existing in this legitimate grey area, it is no more a concern of if online gambling will get into the US 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 finish of the year. Naturally, a gaming organization in Las Vegas known as Ultimate Gaming was the first 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 a few form or another.

Frank Fahrenkopf, president of the American Games Association has said that “Unless you will find 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 experiencing.” This poses plenty of questions not to mention concerns for many existing commercial casinos and American policy makers. Will legal online gambling mean fewer people in offline casinos? Will this create 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, previous chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the current good this could do to create income and revenue for particular 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 all the questions and concerns, many hotel casinos are already making plans to extend into online gambling to check their actual physical casinos. Geoffrey Stewart, general office manager of Caesars INTERNET POKER has said “Like any business, you’re always looking for what is the next distribution channel.”

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