postheadericon Internet Gambling Is Born Again By Justice Department Judgment

The US Department of Justice has ruled that all kinds of online gambling are not illegal with regards to the Wire Act of 1961. The newest decision states that the Wire Act only concentrates on sports gambling and not casino or poker offerings. This new position brings the possibilities of individual states or a group of states banding together permitting internet gambling within their states. It also opens up possibilities in the market which have not been available in quite a long time.

First, the states have the possibility to create lots of tax revenue and some job creation based on online gambling. States that have gambling or Indian Gaming in their state should naturally be interested in pursuing intrastate online gambling. They’ve got a lot to gain and the possibility to balance their budgets. The issue is the way they will go about it. Will they address it like a state run lottery. Many states already have this is place. Many of the aspects of the lottery can be applied to internet gambling, although not much. The states will have to purchase the software, secure it, promote it and run it. They also have to regulate the payout and number generators. Not to mention, stop cheaters and supply funding for both deposits and withdrawals. The point is states will be challenged to put together and run an operation like this. A lot of states would need to look at other options.

Another of these possibilities is Indian Gaming. They have many gambling establishments and probably are best suited to go in the online direction. They do have numerous of the hurdles as the states and more challenges in the funding departments. Quite frankly online gambling could definitely diminish their gambling profits from their brick and mortar casinos. Something they have a monopoly on for the most part. For this reason it is possible they may fight internet gambling instead of participating in it.

Another logical possibility is the existing gambling establishments. In Nevada, many have applied for licenses for online gambling. They seem to be moving in the route of providing online gambling to Nevada. Just how far are they is uncertain, but they have the resources, the will, and motivation to make it work. They too are in jeopardy of losing revenues to online gambling. They are far more likely to participate than to fight it. They have proven they want to participate and are moving in the direction already.

The final possibility is current online gambling establishments. They already have the software, are presently operating, and possess the funding options already set up. This positions them in the driver’s seat and gives them a possible inside track. Like the others mentioned previously, they have some issues to overcome. First they’re not located in the US at all. This poses alot of problems as this is a states only initiative and they wouldn’t like to violate the Wire Act by any means. So these companies have to set up shop in the state and operate a version of their software exclusively for the state. Something they could pretty easily do.

The judgment obviously opens up alot of appealing possibilities, but which option is right will be determined at a later date if at all. The word US poker sites and US casino sites might be a thing of the past and replaced with state poker sites and state casino sites. Would it not be weird to Search for Nevada online poker sites or New York online casinos.

Rich Vial is a article writer for Online Poker USA & US Casino Sites.

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