Thursday, April 19th, 2012

Internet Gambling Is Alive Again By Justice Department Opinion

The United States Department of Justice has ruled that all forms of online gambling aren’t illegal according to the Wire Act of 1961. The new decision states the Wire Act only targets sports wagering and not casino or poker offerings. This new position brings the possibilities of individual states or a couple of states banding together allowing online gambling within their states. It also reveals possibilities in the Industry which have not been available in quite a long time. First, the states have the possibility to create lots of tax revenue and some job creation based upon internet gambling. States who have gambling or Indian Gaming in their state should obviously be interested in pursuing intrastate internet gambling. There is a lot to gain and the possibility to balance their budgets. The problem is how they will go about it.

First, the states have the possibility to generate a lot of tax revenue and some job creation based upon online gambling. States that have gambling or Indian Gaming in their state should certainly be considering pursuing intrastate online gambling. They’ve got a lot to gain and the possibility to balance their budgets. The issue is how they will go about it. Do they address it like a state run lottery. Many states currently have this is place. A lot of the aspects of the lottery can be applied to online gambling, but not much. The states will have to acquire the software, secure it, promote it and run it. They also have to regulate the payout and number generators. As well as, stop cheaters and provide funding for deposits and withdrawals. The point is states will be hard pressed to build and run an operation like this. A lot of states would have to examine other options.

One of the options is Indian Gaming. They have several casinos and probably are best suited to go in the online direction. They do have many of the same hurdles as the states and more challenges in the funding departments. To be honest online gambling could very much minimize their gambling profits from their brick and mortar casinos. Something they have a monopoly on generally speaking. For this reason possibly they may fight internet gambling as opposed to participating in it.

Another logical option is the current gambling establishments. In Nevada, many have applied for licenses for online gambling. They seem to be moving in the route of providing online gaming to Nevada. Just how far are they is uncertain, nonetheless they have the resources, the will, and motivation to make it work. They too are in jeopardy of losing revenues to internet gambling. They’re much more likely to participate than to fight it. They have proven they want to participate and are moving in the direction already.

The final possibility is current online gambling establishments. They already have the software, are presently operating, and possess the funding options already set up. This positions them in the driver’s seat and gives them a possible inside track. Like the others mentioned previously, they have some issues to overcome. First they’re not located in the US at all. This poses alot of problems as this is a states only initiative and they wouldn’t like to violate the Wire Act by any means. So these companies have to set up shop in the state and operate a version of their software exclusively for the state. Something they could pretty easily do.

The judgment obviously creates alot of intriguing possibilities, but which option is right will be determined at another time if at all. The phrase US poker sites and US casino sites could be a thing of the past and replaced with state poker sites and state casino sites. Would it not be weird to Google search for Nevada online poker sites or New York online casinos.

Rich Vial is a article writer for Online Poker USA & US Casino Sites.

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.