US Online Gambling Market Confusion Continues

Published Wednesday, November 29, 2017 - Online-Casinos.com
US Online Gambling Market Confusion Continues

The lucrative online gambling market in the USA is still struggling to emerge as a legal revenue source for governments and companies seeking relief from mounting debt. Politicians in various jurisdictions in the USA have come to the conclusion that if properly regulated online gambling can be a stable and safe source of revenue. The number of American jurisdictions discussing and passing online gambling legislation is growing but so is renewed opposition from those who think online betting to be detrimental to the fabric of society. Currently there are four states that have laws in place that allow a fully regulated and legal online gambling framework New Jersey, Delaware, Nevada and most recently Pennsylvania.

Pennsylvania’s decision to give the online gambling business a chance has given rise to supporters of the Restoration of America’s Wire Act which would rewrite the Federal Wire Act of 1961 with the goal of extending the Wire Act to ban most forms of online gambling.  The legislator’s decision in Pennsylvania to legalise online gambling has moved Senators Dianne Feinstein (D-CA) and Lindsey Graham (R-SC) to write a letter to Rod J. Rosenstein, Deputy Attorney General, US Department of Justice.

The concerned senators remind the Deputy Attorney General that back three years ago they warned  that the nation would experience “the most fundamental change in gambling in our lifetimes, as computers, tablets and mobiles became casinos available 24 hours a day, 7 days a week.”

It is unlikely that President Trump will interfere with the various jurisdictions need to make money from online betting even though Sheldon Adelson, an avid Trump and Republican supporter is firmly committed to trying to have internet betting banned in all forms in all of America.

What the letter will accomplish remains to be seen but with so many other issues on the table in the coming session of Congress the odds are ‘nothing’ will happen.

 

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