Whats Next for Online Gambling in the U.S.?
10 January 2012
According to Mark Lipparelli, chairman of the Nevada Gaming Control Board, there is one question every state will be asking its Attorney General…”Tell us what this opinion means.” The opinion, of course, is the recent reversal by the Department of Justice and online gambling.
Now California, Illinois, Iowa, New York and New Jersey are other states are trying to get a piece of the estimated $4 billion that Americans spend every year on online gambling. Nevada, who has 70 years of gambling experience has already got pieces in place and is poised to jump in and take the lead in the U.S. online gambling industry.
No one knows what to expect when American’s start to gamble again full force online but the American Gaming Association has set a figure of $30 billion worldwide. It also figures that this would mean that online poker could generate up to $2 billion in tax revenue that could be collected by the states.
The ruling was heard “round the world” doesn’t automatically legalize online gambling across the United States. Each individual state still has to pass legislation outlining regulations and it is still unclear as to whether the DOJ means within a state’s borders or also include across state lines.
According to the American Gaming Association, the December ruling;
“…validates the urgent need for federal legislation to curb what will now be a proliferation of domestic and foreign, unlicensed and unregulated gaming websites without consistent regulatory standards and safeguards against fraud, underage gambling and money laundering.”
10 May 2010Party Gaming Opens Offices in Los Angeles
For U.S. online poker players that remember the days when PartyPoker was the biggest online poker site, there may be a glimmer of light at the end of the tunnel. Party Gaming released its Q1 report last week showing gains in revenue of 27% and Chief Executive Jim Ryan said of the U.S. market,“We are seeing increased momentum towards regulating online poker. It’s possible that it could happen this year and we’re prepared if it does.”Party Gaming which dominated the U.S.Read full article
24 October 2011Donald Trump Looking for Legal Online Gambling in U.S.
What is the worst thing that anyone could do to Donald Trump…take money out his pockets and according to him that is exactly what is happening. It seems Mr. Trump, founder of a casino company in Atlantic City, says it’s time for the United Stated to take steps to approve online gambling. His company, Trump Entertainment Resorts, is making plans to be ready as soon as it happens by establishing its own online betting venue.Read full article
26 December 2011U.S. Department of Justice Reverses Stance on Online Gambling
Merry Christmas U.S. online gambling!! Last week, right before the Christmas holiday was to begin, U.S. online gamblers got the best present of all. The Department of Justice had changed its stance and is now stating the Wire Act of 1961 only applies to sports betting. Back in July, Senators Harry Reid and Jon Kyl as well as Illinois and New York ask the DoJ to clarify its position regarding online gambling and poker in regards to the Wire Act.Read full article