Betting On Web Casinos For USA Players
What is the Law for New Casino Online For US Players 2017 ?
For many years the U.S. Justice Department has forbidden New Casino Online For US Players 2017
In Europe (notably Britain) and the Caribbean (notably Antigua and Costa Rica) Web betting is legal.
Yet Americans bet almost US$150 billion over the Internet in 2010, about half of the world’s total. While the Wire Act of 1961 outlaws betting over phone lines, U.S. law is almost impossible to enforce against website operators who live outside of America.
Enter the U.S. House of Representatives with its new bill. The proposed ban makes it illegal to use cheques, credit cards or other Internet payment systems for betting sites. Exempted from the ban are horse-races and state lotteries.
Recalling the days of Prohibition, some believe that a ban will drive Internet gaming underground into to hands of money-launderers and others who would be free of the financial controls and record-keeping that U.S. bank accounts and credit cards provide.
Just ask Australia. The Aussies banned online gambling in July 2001 but players soon learned that gambling sites could easily set up client accounts with offshore financial institutions. “G’day Mate gamblers” also use online payment providers like Fireplay which is governed under the laws of Bermuda.
Who Is The Winner:: The Law and New Casino Online For US Players 2017 ?
And The Winners Is…
The industry value of global Web gambling New Casino Online For US Players 2017 has grown from US$300 million in 1997 to some $12 billion today. Financial analysts expect that figure to double in 5 years.
By banning Internet casinos, critics say that state governments are really protecting their traditional streams of tax revenues from lotteries, casinos and the more recent racinos (racetracks with slot machines).
Ironically, this position may be short-sighted. One sports betting site estimated that legalized Internet gambling would have generated $1.2 billion in taxes for the U.S. in 2004.
Bet-loving Britain has gotten the message. The Brits have already legalized online wagering on everything from soccer matches to reality TV show winners. British parliament has passed legislation that in 2007 will expand Web gambling to include casino games such as roulette, blackjack and poker.
Online sites pay 15% of their gross profit to the British government, which thoroughly investigates and regulates the Web operators. The British Treasury has pocketed more than $2.5 billion in tax revenues since 2004.
It may only be a matter of time before countries like the U.S. and Canada follow in Britain’s footsteps. If not, Britain may win an even larger piece of the growing Internet jackpot.
What’s the new bills to regulate New Casino Online For US Players 2017 ?
The current prevailing legislation New Casino Online For US Players 2017 , the 1961 Federal Interstate Wire Act, makes it illegal to knowingly use electronic communications to engage in the business of betting. Congress aimed the law at bookies and casinos taking bets over the telephone or teletype , those in the business of gambling, not necessarily the individual gambler. This same interpretation seems to apply to the law’s enforcement with the Internet: gambling over the Internet as an individual is okay, just don’t put a gambling business on the Internet.
Despite the increasing popularity of gambling, many people find it troubling that any one can engage in gambling with nothing more than a computer and modem. The free availability of gambling over the Internet, among other reasons, prompted Congress to establish the National Gambling Impact Study Commission in 1996. The group, made up of nine commissioners represented a range of opinion on the issue; it included religious conservative James C. Dobson and J. Terrence Lanni, CEO and chairman of the MGM Grand casino.
What is the Commission recommendations about New Casino Online For US Players 2017 ?
The commission recommended as a general rule to leave gambling enforcement to the states rather than the Federal government, but on the subject of Internet gambling it made an exception because Internet gambling crosses state lines. The group expressly recommended that Federal law prohibit Internet gambling beyond any current licenses. It also recommended that the Department of Justice development enforcement strategies aimed at not only gambling sites, but the infrastructure that supports Internet gambling, including ISPs, credit card providers, funds transfer companies, and wireless communications systems.
The ability of gambling to hook minors also got the commission’s attention. The group recommended that states not permit expansion of gambling into homes through any kind of technology, and also prohibit the expansion of betting through financial accounts. The commission focused as well on the money angle. It recommended making illegal any wire transfers to known gambling sites and the banks that support them. And the commission called for new legislation stating that any credit card debts incurred while gambling on the Internet are deemed unrecoverable.
Is this pathology of compulsive New Casino Online For US Players 2017 ?
One member of Congress leading the charge to implement the commission’s recommendations is John J. LaFalce, a Democrat from Buffalo, NY. LaFalce cites the pathology of compulsive gambling as the need to make the Internet New Casino Online For US Players 2017 off-limits for betting. Earlier this year, the American Psychiatric Association (APA) issued an advisory on Internet gambling, showing studies that 10 to 15 percent of young people in the U.S. and Canada experienced one or more significant problems with gambling. It noted as well that gambling sites use inducements such as free merchandise to attract young visitors.
The APA said that, unlike normal casino gambling, Internet gambling is often a solitary activity. People can gamble for hours without interruption, or any family members or friends saying ‘enough.’
What is the New legislation introduced to New Casino Online For US Players 2017 ?
LaFalce aims to cut off Internet gambling at its weakest point, money transfers. Before the August recess, LaFalce introduced H.R. 2579, the Internet Gambling Payment Prohibitions Act on New Casino Online For US Players 2017. The bill prohibits Internet gambling sites from accepting checks, credit cards, debit cards, or electronic funds transfers as payment for betting over the Internet. The bill aims to prevent known sites from being approved for electronic or credit card payments. While the bill puts most liability on site operators, the bill also makes it illegal for a financial institution to knowingly transfer funds to known Internet gambling operations.
LaFalce introduced a companion bill, H.R. 2572, the Gambling ATM and Credit/Debit Card Reform Act. This bill prohibits gambling establishments from placing credit card terminals, or accepting credit cards for payment or cash advances, in the immediate area where gambling is conducted. And it imposes similar restrictions on automated teller machines, point-of-sale terminals or other electronic cash dispensing devices in the immediate area where gambling occurs.
While LaFalce’s bills may mean well, they run headlong into a basic Internet reality, that the ‘Net is worldwide and beyond the complete control of American legislation. The National Gambling Impact Study Commission could only recommend that Federal government take steps to encourage foreign governments not to harbor Internet gambling operations that prey on American citizens. As long as offshore operators can escape American laws, online gambling is likely to flourish for some time.