Online Gambling in the United States

Online Gambling in the United States

Go online and you will find dice gambling in the bin. Noise, noise, and crowds are all part of the live gambling experience. Still, many people enjoy the thrill of throwing dice. Whether at a casino, backyard, or readily available in their household, dice, dice, and more dice! Fortunately, a new concept has emerged allowing people to not just throw dice, but to indulge in other activities while they throw dice.

An initiative of great interest to the gambling industry is Dice-II. Dice to be exact, the tenth dimension. together with it, dice games. These cost $1, $2, $5, $10, and $25. Yes, you read that right. Twenty-five dollars to buy dice. You have to ask the question: Is it legal to play casino games online? The answer is CLEARLY YES! Please refer to the discussion of the legality of online gambling in the states below.

Yes, it is perfectly legal to play casino games online within the states, but what about the international sites? Except for the state of Nevada, ALL states in the country have laws in place to prohibit casino gambling. Not all of them have legalized gambling, but most of them have some type of restrictions. The question becomes, what are the legality of these types of sites, especially if they are offered to the residents of the United States? We are about to tour some of the finest casinos in the world, let’s hope we don’t run into any brick and mortar casinos on this tour.

The first stricture for online gambling comes in the form of a nation wide law known as the Unlawful Internet Gambling Enforcement Act. The UIGEA applies to any remote gambling site located within the United States, but is broaden to include virtually any type of gambling from around the world. The provisions of the UIGEA leave jurisdictions like the State of New Jersey, the State of Illinois, and the Commonwealth of Puerto Rico largely in the dark when it comes to gambling law. According to JackAnalysis.com, only 33 states have laws specifically prohibiting gambling in any form. That number could very well rise by the spring of 2009.

The common thread of these U.S. based prohibited gambling sites is that they are conducted for the profit of online casino companies. But online casinos hardly need the approval of individual states to operate since any U.S based legal casino will do. And many of these companies are global in nature and allow people from all over the world to connect and wager.

The UIGEA has had a very drastic effect on the online gambling industry. Many foreign companies have pulled out of the United States altogether. The few that remain have taken a dim.”gaming investment” approach. That is, they will accept a certain percentage of their bets as payment. But this is essentially a front for Casino “investors”, because the U.S. Government will not allow these companies to operate in the United States, and their boards of directors and shareholders must accept huge campaign contributions from casino interests in the United States. So, for now, it looks like it will be business as usual in U.S. based online gambling.

What impact will the UIGEA have on the eventual worldwide trend? Hard to tell, but the worldwide web-based gambling industry is a $40 billion per year industry, growing twice as fast as the overall U.S. economy. So, we could easily be facing a sixth great recession before we even read this article. I do not say that we should necessarily look forward to a sixth great recession hitting the economic turf of those who gamble online, but we are developing a new habit, one that is becoming a transgressive human potential.

The technological and psychological changes occurring to those people that participate in online gambling will be beyond those that currently exist. The on-line gambling industry is destined to become a hyper competitive market, and the players that operate the most on-line casinos will have an advantage over their land based competitors. Reason being, the on-line gambling industry is much smaller per square foot than the land based industry. The low overhead efficiently conducted on-line casinos will be free to concentrate on more local markets such as money management, rewards and comps, internet security, customer service and information marketing.

The need for online casinos has been identified in the proposal of the “On-line Gambling Regulation and Assurance” at the Wagens Betting Company. This idea is to have a regulatory structure similar to that of the UK Gambling Commission.

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