Regulating Online Gambling from the States

Last updated Aug 25, 2016 | USA Online Casino News

Some may wonder how struggling cities like Atlantic City will do with the onset of online gaming. In fact, the casinos already had some forms of gambling like betting from bed which wasn’t quite online gaming because players were still gambling from within the casino’s walls so the idea was already there. Online gambling will be more geared toward those who live in Atlantic City and who don’t really gather all of the hype from gaming in a land based casino like tourists do. The entire reason online gaming was legalized in Delaware was due to the amount of revenue the state was already losing to casinos that operate from over seas.

Regulating Online Gambling from the States

Currently, there are three different states which are major components to bringing gaming to the United States as far as online play. The first state to make the move to allow online gaming was Delware. The state already had some pretty relaxed laws as far as the land based gaming that was found there so this really was not a surprise to us. Delaware is one of the only states where players can place bets on sports legally. Nevada of course, was the second state to pass laws allowing online poker. The third state was, you guessed it! New Jersey. Following in the footsteps of it’s rival, Nevada the state came in with a bang allowing all forms of gambling to be legal when played online from a state run casino.

Some may wonder how struggling cities like Atlantic City will do with the onset of online gaming. In fact, the casinos already had some forms of gambling like betting from bed which wasn’t quite online gaming because players were still gambling from within the casino’s walls so the idea was already there. Online gambling will be more geared toward those who live in Atlantic City and who don’t really gather all of the hype from gaming in a land based casino like tourists do. The entire reason online gaming was legalized in Delaware was due to the amount of revenue the state was already losing to casinos that operate from over seas.

Two of these states, Delaware and Nevada are currently in talks about coming up with a way to incorporate interstate gambling between the two states. This will bring the two states a combined population of around 3.5 million dollars which would greatly benefit both of the states on top of the money they are already pulling in from gaming. The Governor of Delaware, Jack Markell is currently in the wait and see position as they don’t want to compromise what they already have in the works. Since Delaware began flirting with the idea of online gaming, they have flirted with the idea of having an interstate gambling system.

Over in New Jersey, a soft launch of the country’s newest iGaming market has occurred. This launch will affect 17 different sites. Like any other new launch, glitches and other technical difficulties were present and worked out quickly. Some players had issues as far as being identified within their state in order to play. Another issue is that some US banks are not interested in doing business with online gambling even where gaming is legal like Nevada and Delaware. Some of those who participated in the test include Caesars Interactive, 888 Holdings, Tropicana Casino and Resort, Trump Plaza Hotel and more. Another happening in New Jersey is the possibility of introducing a new bill that will allow players from throughout the world to come and play at the New Jersey online sites instead of just allowing players from within the United States. Companies who are interested in accepting players from beyond the US borders will need to apply and pay a $200,000 application fee on top of an annual fee of $100,000. Additionally, operators will have tax credits to help offset the taxes paid into international markets.