Looking into Online Casinos
If you are looking into online casinos in the US then chances are that you look at many online review sites for gambling. I’m so insane about picking the most reputable places online that I even read reviews for review sites. I was just reading one the other day on MarketWire on the Yahoo Finance page and came across what looks to be one of the best review sites out there: OnlineCasino.net.
I didn’t realize how much information and how imperative these kinds of sites are, this site especially. What they do is collect information and statistics on the best casinos on the internet and compare and contrast them, so you don’t have to. It’s almost like the gambling guides that are given out in Vegas or Atlantic City but it a virtual form.
OnlineCasino.net in particular has been operating since 1997, only three years after this type of gambling was introduced. It is definitely one of the most trusted opinions in the industry, not just among other review sites. The blog is regularly updated by skilled professionals and the information is always up to date concerning the industry and innovations. One writer for the site, William Fitzpatrick, says that he “expects the industry to change dramatically over the next year or two.” Ways that it will change: The addition of real money gambling for companies like Zynga and other social media platforms, along with state and government regulations.
So if you are looking to play online, don’t forget to read some reviews first, and know the best places to play.
Illinois is the First
Intrastate Gambling is legal now, so what are states doing? Preparing. Illinois is the first state to get started. John Cullerton has actually made it his mission to be one of the first, if not the first state to get online gambling kicked off. One state that will most likely be the last to follow suit is New Jersey. Governor Chris Christie is not shy about his position on online wagering.
The biggest change the Silver State is going through right now is their lottery system. They want to include online gambling, especially poker; and have written an amendment for an already existing bill. It’s not a bad decision though, the “cash cow” that is the online gambling industry has the capability to generate hundreds of millions of dollars in revenue annually. Online poker alone is said to be worth upwards of 40 billion for a ten year period.
All of these changes should be taking place within the next 7 to 10 months. Cullerton is very hopeful for the future and has expressed interest in organizing the first major poker pool to position his state into becoming a worldwide “hub” for international gaming.
Speaking of international gaming though, there are so many options outside of the United States to place your bets. Any site you see on reliable review sites like http://eurocasino.org/ are going to be reputable places online to play. These review sites provide players with rankings and payout percentages so you know exactly what to expect when you arrive.
Regulating and Taxing Online Gambling
The US economy has been called anything from “cash-strapped” to “doomed” according to media outlets like online.wsj.com, and something needs to be done, but what? Online Gambling expert Nelson Rose feels that regulating and taxing online gambling could be the ticket. There are many moves being made towards this regulation, but he says that “Congress will continue to do nothing while internet gambling will explode across the nation when it is made legal under state laws.”
This of course is in direct response to the recent ruling on intrastate gambling in the Federal Wire Act of 1961 by the Department of Justice. He’s not satisfied just yet though, he would also like to see more funds available for problem gambling and child gambling. There is gambling in the US at site you can find on http://on-linecraps.net/how-to-play/ although they are not regulated.
Taxing online poker alone could produce up to 40 billion dollars in just ten months, and that’s just poker. There are several other games in this industry that is quite literally a “cash-cow.” This seems like an easy fix but for as many people who are pro-online gambling regulation there are many more who are against it.
Officials like New Jersey’s Governor Chris Christie feels that regulating online gambling at a Federal level would be putting a stamp of approval on it from authorities; therefore leading to the inevitable demoralization of society as we know it.
It’s not that bad Christie, lighten up! What do you think should happen, or rather; what do you think will happen?
Online Gambling in the US
Online Gambling in the US has been under much scrutiny in the past several years. Most recently there have been many strides made in the direction of making online gambling easier for everyone in the US and outside of the US. The US Department of Justice has recently revised the Federal Wire Act of 1961 making intrastate online gambling legal, except for sports betting. Whittier University Law Professor Nelson Rose has quite a bit to say on the issue. According to an article on cbsnews.com Rose is quoted as saying: “Congress will continue to do nothing while internet gambling will explode across the nation when it is made legal under state laws.”
Rose also is pulling for more of an involvement on Congress’ part for gambling addiction and child gambling problems. The issue is that the federal government isn’t making any money off of these sites, and they won’t until they regulate and tax it as a whole. The online gambling industry has the potential to produce upwards of 40 billion dollars in just ten short years. Any casino site: poker sites, http://vegasonlinecasino.cc/online-casino-ratings/, anything involving gambling online would create revenue that the “cash-strapped” government could greatly benefit from.
The US will continue to work its way toward the regulation of online gambling, but with officials like Chris Christie, New Jersey Governor, actively against it, saying that putting a Federal “stamp of approval” on online gambling will lead to the demoralization of society as we know it, it is proving to be quite difficult.