The US Department of Justice has ruled that all forms of online gambling are not illegal under the 1961 wire law. The new ruling says the Wire Act focuses only on sports betting, not on casino or poker offers. This new position brings the probability of individual countries or groups of countries joining together to enable online gambling in their respective countries. There are also opportunities in the industry that haven’t been available for a long time.
First, states have the ability to bring in a lot of tax revenue and job creation based on online gambling. States that have gambling or Indian games in their home country should be clearly interested in performing intrastatic gambling online. They have a lot to gain and the opportunity to balance their budgets. The question is how will they cope with it 더나인카지노.
Will they treat it as a state lottery? Many countries already have this place. Some aspects of the lottery may relate to online gambling, but not much. States will have to obtain, procure, promote and run the software. They should also regulate the pay and number generators. Not to mention, stop cheating and secure deposit and withdrawal funds. The point is that states will be under a lot of pressure to set up and operate an operation like this. So many countries will have to consider other options.
One of the options is Indian games. They have many gambling establishments and are probably better suited for moving online. They have many of the same obstacles as states and more challenges in the finance departments. Quite frankly online gambling could greatly reduce their gambling profits from their brick and mortar casinos. Something they have a monopoly on for the most part. For this reason, it is possible for them to fight online gambling instead of participating in it.
The next logical option is the current gambling establishments. In Nevada, many have already applied for online gambling licenses. They seem to be moving toward providing Nevada online games. How uncertain they are, but they have the resources, the will and the motivation to make it work. And they are in danger of losing money from online gambling. They are far more likely to participate than to fight it. They have proven that they want to participate and are already moving in the direction.
The last option is the current online gambling companies. They already have the software, are currently operating, and already have financing options available. This positions them on the driver’s seat and gives them potential in the track. Like the others mentioned above, they have some problems that need to be overcome. First, they are not found in the United States at all. This creates a lot of problems as this is just a state initiative and they do not want to break the wire law in any way. So, these companies will have to set up a store in the country and work on their state-of-the-art software version. Something they could easily do.
The verdict obviously opens up a lot of interesting possibilities, but which option is right will be determined at a later time if at all. The term American poker sites and American casinos may be a thing of the past and be replaced by state poker sites and state casinos. Wouldn’t it be weird to search Google for Nevada poker sites or online casinos in New York.