The online gambling industry is the most profitable industry on the internet. Millions of people around the world are wagering on sports online, playing online poker 스포츠중계b, bingo and even the lottery online at any of the thousands of gambling sites available on the net. Even people who have never visited a land based casino or a local bookie are finding themselves visiting online casinos and poker rooms on a regular basis.
So, what makes gambling on the internet so appealing? Yes, you can play any game of your choice without having to leave your favorite chair. Still, you will not be served free drinks; you will not be able to watch the game you have wagered on from big TV screens; you can neither see the facial expressions of your poker opponents nor to hear the sounds of the coins fall from the slot machine when you hit the big jackpot…
Diversity: how else can you jump from an online poker room to the craps table and to a bingo hall while staying seated on your most comfortable chair? Most online casinos feature a large variety of casino table games, slots and video poker machines. Moreover, in many major online gambling companies you can switch from online casino gambling to online sports wagering with the same username and account.
Bonuses: where else can you receive free money to gamble with? Most online casinos offer free money bonuses in order to entice new customers and to keep up with the competition. The bonuses can start from 10 dollars free just for downloading the casino software to a couple of thousand dollars for completing a certain required amount of raked handsAs it stands today, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. In recent years, online gaming has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was 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 legal grey area, it is no longer a question of if 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 begin offering bets by the end of this year. Naturally, a gaming firm in Las vegas known as Ultimate Gaming was the first to offer online poker but for now restricting it to only players in Nevada. New jersey and Delaware have also legalized online gambling and so far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gaming Association has said that “Unless there is a federal bill passed, we are going to have the greatest expansion of legalized gambling in the united states. I don’t think that’s what anyone intended, but it is what we’re seeing. ” This poses a lot of questions and of course concerns for many existing commercial casinos as well as American policy makers. Will legal online gambling mean fewer people in brick and mortar casinos? Will this create a new source of revenue at the state and national level? What about taxes and regulations? An increase in gamblers? Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the good this could do to generate income and revenue for individual states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media in the us as some places like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making plans to expand into online gambling to complement their physical casinos. Geoffrey Stewart, general manager of Caesars Online poker has said “Like any other business, you’re always looking for what is the next distribution channel. “Online gambling first appeared on the internet in the mid 1990s. In 1994 Microgaming software was founded and still has the corner market today in many of the online casinos. Microgaming is chip software that runs the various machines found in land and online casinos. There is some debate as to who was the first casino to pop up on the internet and most would say InterCasino first appeared in 1996. However; there are others who claim that Microgaming’s Gaming Club was the first online in 1995.