Online gambling refers to placing real money bets on games of chance or skill using various payment methods, with several laws in the US regulating such activity – the Unlawful Internet Gambling Enforcement Act of 2006 being one such statute and various state regulations having their own provisions for regulation. Payment methods used for online gambling must also be identified in their website’s name – though certain state regulations require auditing and fairness testing as well. There are exceptions such as free online games and fantasy leagues which don’t involve actual betting activity.
The federal government leaves individual states the power and flexibility to create rules regarding online gambling, with many making rules regarding it. Some have regulated it including sports betting and casinos while others have prohibited it altogether. Furthermore, certain states have laws prohibiting certain forms of online gambling like bitcoin poker sites while laws can vary depending on where a site operates from within their boundaries or outside.
Due to failed efforts at passing federal gambling legislation, state governments have taken charge of this issue individually. Delaware, Nevada and New Jersey currently allow legal sports betting; Michigan Pennsylvania West Virginia have established online casinos; several more states are considering online gambling – it may become widespread eventually.
Online gaming may not be legal in every state, but those that do are increasingly open to it. This trend is being driven by Colorado, where major sports teams and universities have emerged that support retail and online sports betting – becoming a hub for both retail and online sports gambling. Other states such as Indiana and Maryland may soon follow.
New York state government has made it abundantly clear that they plan to take an aggressive stance when it comes to gambling regulations. Regular inspections of licensing system are conducted, while licensee names are published – this stands out amongst states across the nation where only some have taken such an active approach.
There remain obstacles, including Google and Yahoo! having removed gambling ads due to a ruling by the Department of Justice stating that violations of the Wire Act relating to telephone betting also apply to online gambling.
Though challenges still remain, most experts agree that an nationwide regulatory framework for online gambling will eventually emerge. This would benefit consumers and help prevent large companies from exploiting market manipulation for financial gain. If you find yourself facing legal trouble related to gambling in the US, Rodriguez Law Group provides experienced representation. Get in touch today for a consultation session.