Who is Matthew Katz, and why should his opinion matter to you? Katz is the Chief Executive Officer of Central Account Management System (CAMS), and if you are reading this article, you most likely are a fan of some type of online gambling. The CEO of the payment processing company, which also handles Internet casino player verification, believes that online gambling as it exists and is emerging in the United States is going to transform the way the Internet works.
Poker
Will Canadian Buyout of Poker Stars and Full Tilt Poker Return Legit Online Gambling Reputation to US?
The amount of United States citizens gambling online numbers in the tens of millions. Then why is it that the combined states of Nevada, New Jersey and Delaware count only a couple of hundred thousand registered online gamblers? Those three states form the very small United States online gambling industry of companies based in the United States. Where is everyone going to gamble online? The answer lies in an established offshore gambling market which has been honing its craft and providing Internet gambling options for US citizens for years. Coupled with the 2011 Black Friday shutdown of the three largest online poker sites in the United States, those reputable and respected offshore gambling destinations are very attractive to US players for a lot of reasons.
US Gambling Online Provider Bovada Increases Casino Promotions for United States Players
Long before the states of Nevada, Delaware and New Jersey decided to legalize state based Internet gambling, Bovada delivered legal sports, casino, horse and poker gambling to residents of the United States. By qualifying for an interactive Internet gaming license from the Kahnawake Gaming Commission in Canada, Bovada now provides industry recognized certification. Way back when, Bodog was the leading Internet jurisdiction for US-friendly gambling. Bodog was founded back in 2000, well before the Department of Justice in the US decided to allow individual states to regulate and license online gambling offerings. The World Trade Organization (WTO) has time and again supported the right of Antigua (Bodog’s licensing provider) to offer Internet gambling services to US customers. Now owning respected Kahnawake licensing makes Bodog’s new entity ever more legitimate.
United States Gambling Online – What Is and Is Not Legal in the US
This year the World Series of Poker will deliver a $10 million Main Event grand prize. This is the first year since 2006 that the winner of the world’s most popular poker tournament will take home eight figures. More than $50 billion was spent on state-run lotteries last year in the United States. And Las Vegas casinos make over $100 million each spring on March Madness alone. Additionally, March Madness brackets played in sports bars and office pools across the United States involve hundreds of millions, if not billions of dollars. In 2014, a record $119.4 million was wagered at Nevada casinos on the Super Bowl. The bottom line? Americans love to gamble. So with the majority of US citizens believing that responsible adult wagering is acceptable, why is United States gambling online illegal? Well, actually, it is absolutely legal.
Powerful California Indian Tribes to Deliver Internet Poker Bill
California online poker at one point was deemed all but a certainty for 2014. Now that individual US states have the ability to license and regulate Internet poker and casino gambling for their residents, Nevada, New Jersey and Delaware have already done so. But the provision which laid the way for state-sanctioned Internet poker in the United States came into existence in December of 2011. With legally licensed offshore poker providers benefiting financially from US citizens living in those states where online poker is not currently delivered at the state level, it would make sense for cash-strapped states like California to get on board the growing US Internet gambling industry.
Could a Pennsylvania Online Gambling Industry Outperform New Jersey
The United States gambling online industry still currently counts just three states as participants; New Jersey, Delaware and Nevada. Nevada’s next-door neighbor, California, boasts the largest population of any state in the US. That makes it very attractive when you consider potential revenue production if online gambling in the form of poker and/or casino games was legally presented to its residents. And it looked like Golden State web poker was going to become a reality in 2014, but it now appears that 2015 is probably the earliest that California residents will be able to legally play online poker at state-sanctioned California online poker websites.
Why are US Gamblers Choosing Offshore Options Over NV, NJ, and DE Choices?
It has been almost a year since Ultimate Poker launched the new United States online gambling industry in Nevada. The Department of Justice decided it was okay for states to offer Internet gambling, as long as it was restricted to anyone physically located within that state’s boundaries, and sports gambling was not on the table. New Jersey and Delaware followed Nevada’s lead, adding Las Vegas style casino gambling as well as virtual poker, and as of this post, those three states remain the only in the US to legally deliver cyber wagering to their residents and visitors.
Will Christopher Walken Lose His King Of New York Title to Online Poker
In 1990, popular actor Christopher Walken portrayed a drug kingpin recently out of prison in the movie “King of New York”. Brutally wiping out his competition, he handed out much of the profits of his illegal operations in the film to the poor and lower classes of New York. With thoughts of running for Mayor, his altruistic but albeit questionable actions earned him the nickname which is also the title of the movie. Similar to the drug war that Walken successfully emerged from in the film, there is currently a battle taking place in the cyber world in the United States. Online gambling has legally returned at the state level in the USA, but most US Internet poker players currently enjoy legal offshore options. State legislators from The Big Apple are aggressively fighting for their state to become the fourth in the USA to get on board as they to strive to offer legal New York online gambling, hoping to gain control of much needed revenue which is moving out of state.
Pennsylvania Resolution SR 273 Okays Online Gambling Study
With nearby New Jersey and Delaware already on board with legalized online gambling, Pennsylvania has also decided to take a look. Pennsylvania Resolution SR 273 was approved by the state Senate, which means that state is officially going to conduct a study of Internet gambling viability. Several other states are legitimately considering passing Internet gambling laws that would allow their residents and visitors to shuffle up and deal, play some virtual slots or enjoy popular casino table games over the Internet through state licensed options, expanding the list of existing offshore legal Pennsylvania online gambling options already available. Illinois and California appear to be the front-runners in the race to become state number four in the young and slowly growing United States based Internet gambling industry.
iGaming North America 2014 – Internet Gambling Legislation a Huge Victory for US Gamblers
As reported in the Las Vegas Review Journal, important casino executives were in attendance at the iGaming North America 2014 conference which was held at the Planet Hollywood hotel casino in Las Vegas recently. Almost to a man the group of casino owners and managers called online gambling regulation in Delaware, Nevada and New Jersey a definite victory for them and their patrons. They also pointed out that the early predictions of immediate and incredible revenue didn’t come from educated industry analysts and experts. But regulation for online gambling is still seen as a huge success, as well as a breakthrough in the gambling world, which all of the iGaming board members agreed was the wave of the gambling future in America.