We should not be surprised that there would be opposition to online gambling in the US. You might be surprised, however, that it has come from so high, so fast — with a bill introduced in Congress this past March that challenges Web-based casinos.
If passed this new legislation would close the loophole in which online gambling currently operates. Because of that loophole three states dove into online gaming for real-cash: New Jersey, Delaware and of course Nevada. The big motivations in those states are political, budgetary and fiscal interests, since the taxes from gambling are high and lucrative.
National Drama in the Making
This situation has all the makings of a great movie, or even an on-going TV drama. Added in, we have a land-based casino mogul, the owner of Sands Las Vegas, who employs lobbyists.
He wasts this new bill to pass, to quash online casino operations — for the stated reason that he is worried casino entertainment is entering the home, where kids are exposed to it. (Never mind their parents, his customers!) The word on the street is that his people drafted early forms of the new bill now in Congress.
This kind of reversal and legislative drift is what makes a country seem like an unstable environment for foreign businesses. Already, New Jersey has passed laws that allow European online casino specialists to enter its market.
Major domestic casinos from Vegas and Atlantic City have also invested hugely to establish the first mobile real-cash gaming systems the US has seen. If Congress outlaws all forms of gambling in the US then all those investors, American or foreign, will be out of luck.
These are casino corporations and software studios we’re talking about, some of the most profitable businesses in the world, creating an online business worth multi-billions, despite global economic downturn. You may also want to check on French Roulette Casinos!
The Reality of Regulated Gambling
There were some problems with the methods for ensuring players were within regulated states’ borders. But that is to be expected in the beginning. Still, after New Jersey’s law went into effect, concerns rose about the unpredictable outcome of making gambling (and such entertaining and addictive forms of it) so accessible.
At least a few things could happen now, but America is increasingly unpredictable during its Great Recession so there is always a wild card, too.
Maybe the law will stand, and perhaps even get bolstered by its defense to this legislative (and political) attack. In that case, casinos in New Jersey and the others can keep on track, building more precedence and riding a trend.
Maybe, on the other hand, the laws change. New states will not be able to enter the scene, and the three states who have will have to stop. Or, they are grandfathered into keeping what they have already put into law.
Even if New Jersey, for example, was allowed to proceed with its online gambling, it would be very difficult for the state to interact and do business without major legal issues.
So, we think the whole issue of gambling in the US is as yet undecided, despite recent leaps forward by three pro-gambling states.