As it stands today, individual states are free to prohibit or practice gambling within their borders while imposing significant regulations and limits on interstate and this activity. In recent years, online games have experienced stricter regulations. With the Illegal Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly prohibited, but rather, online financial transactions were prohibited. This meant that all online financial transactions by gambling service providers were now illegal, resulting in many overseas gambling operators excluding American customers from their services.
By existing in this legal gray zone, it is no longer a question of whether online gambling will enter the US market, but when and perhaps how. As recently as this month, three states have legalized online gambling and plan to start offering gambling later this year. Naturally, a Las Vegas gaming company known as Ultimate Gaming was the first to offer online poker, but for now it restricts it to only players in Nevada. New Jersey and Delaware have also legalized online gambling and so far another ten states are considering legalizing it in one form or another.
Frank Fahrenkopf, president of the American Gaming Association, has said that “unless a federal bill is passed, we are going to have the largest expansion of legalized gambling in the United States. I don’t think that’s what anyone intended, but is what we are seeing. ” This raises many questions and, of course, concerns for many existing commercial UFABET casinos, as well as for American policy makers. Will legal online gambling mean fewer people in traditional casinos? Will this create a new source of revenue at the state and national level? What about taxes and regulations? An increase in players?
Many people, including Arnie Wexler, former chair of the New Jersey Compulsive Gambling Council, have expressed concern that with all the good this could do to generate revenue and revenue for individual states, there could be problems with an increase in the compulsive gambling. There is a particular concern regarding social media in the US, as some places like Zynga have already started accepting real money gambling.
With all the questions and concerns in mind, many hotel casinos are already making plans to expand into online gambling to complement their land-based casinos. Geoffrey Stewart, General Manager of Caesars Online Poker has said “Like any other business, you are always looking for the next distribution channel.”