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.”
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