While the US passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006, it hasn’t stopped Americans from participating in online gambling, even though it outlawed internet gambling and restricted the xo wallet of financial institutions to pay online gambling sites. Specifically, the UIGEA places restrictions on credit card companies and banks from transferring money for gambling.
The answer of the international internet gambling community to the law was to require online bettors to set up e-wallets as online deposit accounts. The e-wallets draft money from credit cards, debit cards, and bank accounts, and then route them to merchants that include gambling sites. Since many e-wallet programs are not based in the US, the money spent on internet gambling is taken outside of the US and therefore outside of US regulation.
So, basically, the UIGEA was not that effective, because people who wanted to gamble found ways to do so. After the UIGEA was signed into law, internet gambling sites moved out of the US and set up at offshore sites where online gambling isn’t regulated.
Because of the global financial meltdown that began in 2008, Congress is seriously rethinking the UIGEA, because if internet gambling were legalized in the US, it could be regulated and could be a huge source of tax revenue – to the tune of $42 billion by the year 2020! While many congressional representatives have moral objections to gambling in whatever form, most of them admit that the UIGEA is not going to stop Americans from gambling online.
The political tide seems to be turning in favor of legalizing online gambling in the US, and legislation to that effect has made it out of the committee level in the House of Representatives. However, as of late 2010, it is anyone’s guess as to when the legislation could make it to a floor vote. Congressional elections in November 2010 tend to make representatives shy away from any legislation that is perceived as controversial, so it is unlikely that anything will happen with the legislation until a new Congress is seated in 2011.
However, one group taking advantage of the slow pace of the US government is the tribal casino industry. In September 2010 Cake Gaming and Atlantis Internet Group signed an agreement to establish a network for online poker for players in tribal casinos in the US. This would represent the first officially legal online poker network in the US that offers multiple player internet poker across state lines for money. At least 30 states connect with the Tribal Gaming Network, allowing Tribal casinos to offer online poker. It is legal under the UIGEA due to Native jurisdictions’ special legal status.
Some states are considering online intrastate gambling, but the pace of legislation is slow in those states as well, particularly during an election year. The tribal casinos have set themselves up to profit well from the indecisiveness of state and federal legislators, knowing that there are potentially hundreds of thousands of poker players wanting a legal alternative to offshore internet casinos.
An online casino is a web site where players can bet on games of chance with real money and take home their winnings. A few preliminary steps are essential before players can place bets at the online casino.
First, Players must register at the casino they wish to play at. Players can do this by accessing the web site of the online casino, clicking the Download button and then following the easy to understand instructions. When registering players will need to choose the currency they are wagering. Players should go for the currency of the country of residence if accepted at the online casino. The next step is to open a real money account at the casino. For this account players will have to choose a payment option that they will use to deposit and withdraw funds. It is important for players to understand the casino’s policies for payment. Credit cards are convenient because so many people have them but many credit cards do not make it possible for players to withdraw funds into the card account and they receive their winnings through bank checks that take time to clear. Prepaid vouchers can be purchased for cash at retail outlets without leaving a trail, but again do not allow withdrawals. Electronic wallets allow both deposits and withdrawals and hence are the preferred option. The player will most likely need to submit photocopies of identity proof and address documentation before being able to make a deposit to beginning playing
The casino will often offer attractive bonuses to new players. It is important that players fully understand the terms and conditions of these bonuses, whether or not they choose to take advantage of them. The decision occurs when making the first deposit on the site. The choice is unchangeable and should be made with care.
The player is then ready to wager at the casino. The online casino offers a large numbers of games that can be seen at the games lobby after logging in. The games are classified into categories for the convenience of the players. You will often see casinos offering online slots, video poker, roulette, card games, fixed odd games and scratch cards. Some categories like online slots may have sub categories. The individual games are listed within each category or sub category.
After selecting a game the player can click on it to open the game on his screen. Before placing a wager he must check out the rules. These can usually be found through a Help button on the screen. Another things to note is that when the player places a bet his account balance is accordingly decreased. If the player does not win then the online casino does not take any further action and the player can place a new wager if he wants to. If the player wins then his balance is credited with the amount won, which will include the amount wagered. When the player has finished betting her can withdraw his balance from the online casino or leave it there for his next session.