Nelson Rose, Whittier Law School professor and expert on gaming law, called the Justice Department move a “major Christmas present for the Internet gambling community.”
Image credit: Karen Bleier/AFP/Getty Images
“It’s money and [states] can’t raise taxes anymore and they can’t cut services anymore so they need a way to raise money and gambling seems to pay more tax,” Rose said.
Regarding Internet gambling, Rose said states would have to require strict regulations to prevent gamblers from becoming addicts and to ensure that minors do not participate.
Rick Bronson, chairman of U.S. and Nevada are already poised to start online gambling, mostly poker. Kentucky’s Gov.
He said that poker would likely generate $12 billion a year in revenue for states and that the lotteries – already a $60 billion to $70 billion business – would continue to grow.
Keith Whyte, the executive director of the National Council on Problem Gambling, said there were a half a million youth ages 12-17 with gambling problems.
According to a 2010 Morgan Stanley report, analysts said that allowing Internet gambling could bring in $5 billion.
“We are about to see this explosion of Internet gambling sweep across the nation,” he said. “All we’re seeing is every single state proposing more and more legal gambling. And in Illinois, there are hopes that online tickets will increase sales for the lottery.
I. He said online gaming would likely bring more visitors to casinos.
He said that youth were already gambling online and that the industry was not doing a good job preventing it.
In fact, Washington D.C. Gambling is seen as a painless tax, involuntary tax so it is an easy way to raise revenue without raising real taxes.”
“In some ways, we’re concerned that when these existing industries expand [under the new Justice Department rule] they’re going to do the same shoddy job of enforcing that they’re already doing,” Whyte said.
This would be good news for Florida, where lawmakers are set to consider a measure to bring three casino resorts to the southern part of the state. Digital Gaming, said the change would give states the ability to legally operate online gambling beginning with poker and also sell lottery tickets on the Internet.
On Friday, the Justice Department reversed its previous stand on the 1961 Wire Act – saying that it applied to sports betting but not online gambling – after years of hunting down online casinos like the billion-dollar-plus Full Tilt Poker.
. In New York, the governor is pushing for the legalization of casino gambling.
He advised states looking to jump into online gambling to first do a study on the current rate of gambling addiction among youth and gambling adults to see whether there would be a spike.
Forget the monkey or the rooster, 2012 could be the year of the gambler and experts say that while that would mean more money in states’ pockets, it could also put young people and adults at further risk of addiction.
“States are looking to maximize revenue from gambling, but they also need to minimalize the social costs,” Whyte said.
Bronson of U.S. Steve Beshear is pushing for expanded gambling in his state. … Digital Gaming estimated that tax revenue for the states would be about 25 percent
Her higher-ups in the Justice Department appear to agree. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling.
It’s not because they operate in any fundamentally different way. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal. Their case is based on the 1961 Wire Act. But according to Inland CEO Don Speer, elusive profits need not be one of them. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace.
Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail.
More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. Is Microsoft betting too?
The potential action is too compelling for even the largest tech tycoons to resist.
Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Packer is a man with a voracious gambling appetite.
If such gamblers are not satisfied by options available to U.S. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”
One major barrier to profitability is the law. “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks.
But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”
Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S. Legislation tied to a particular technology may quickly become obsolete and require further amendment. Bets generally range from $1 to as much as $300.
But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au). “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. At one point, Interactive Gaming looked like it could be an industry leader. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”
Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted).
The amount spent on Internet gambling is harder to calculate. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com.
That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape.
But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat.
Prosecutors focus on sports betting
Intriguingly, though, all the bets that make up the U.S. I’ve not had problems being paid.”
All the sites indicted by the U.S. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino. For decades, Vegas was about the only legal option for gamblers. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat.
Internet Gambling Worldwide, Past and Future
First, legislation should treat physical activity and cyberactivity in the same way. has had little cooperation from any other nation. In most cases, this means operating out of Australia. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. Casino games are available on a site or via downloadable software. But they say the more bettors, the better. attorney’s office theoretically operate out of the Caribbean. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law.
Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au). “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. Even the precise number of online casinos is hard to calculate. (The company did not respond to repeated requests for an interview.)
Group calls for regulation of Net gambling
For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. Together, these sites have about 4,300 registered customers in 96 countries around the world. college and professional sports. Today, a roster on one “gambling portal” site lists well over 200. In 1997, published reports put the total number of operating online casinos at 15. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals.
Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper). attorney’s case involved the casinos’ sportsbooks. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way. citizens, it will be increasingly tempting for them to turn to locations abroad. But the travails associated with fending off lawsuits have essentially put the company out of business.
So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?
But a hard-core base will continue to turn to Internet betting for its clear advantages. …
Nonetheless, some experts think the case could be made to stick. The Wire Act obviously has no mention of wagering over the Internet. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity. Almost all online gambling sites work the same. “Ultimately, Internet gambling operators are selling a product. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars. Attorney White has proceeded slowly and quietly. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”
Is it legal?
A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”
Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. The minimum amount to begin an account varies. But as more and more traditional firms become involved, the consumer will look for the brand name.
The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. As Timothy L.
The original version of Kyl’s bill failed most of these tests.
Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. The Standard obtained a Department of Justice analysis of the bill S. The Internet is presently unregulated and we support a federal law regulating Internet gambling.” . O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.”
You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?
The office of U.S. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager.
Second, legislation should be technology-neutral. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status
All of us are aware that betting is a risky affair,this unpredicted event can take you to deep profits and at the same time you can lose also. Many times you might be very close to win,but end up losing. Generally people get excited and make bets for larger amount all the time,this can lead them to debts because bankroll emptied quite early. You can also take a look on online lives scores of the matches and take the reviews of expert’s punter
The real of of online soccer betting is not as simple as the flip of a coin which lets you decide outcome of the match. Both of the teams have unbeatable good players,but then you should make bets after doing plenty of research work,don’t just stick to one,play smartly. Making money from soccer betting is all the matter of taking advantage from the information.
Make your thoughts clear had have a strong base to make the most of this soccer betting season.
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In general terms, Formula 1 has pre-eminence in Europe, whilst NASCAR and Indy Car racing has a greater popularity in the US. Among the most common is the Win Bet. It will help to increase car racing betting odds then. It is difficult to describe all peculiar features shortly, so it is much better to try them and make own conclusions. In turn all that can give the advantage in predicting of online betting odds.. A bettor will have been considered to win such a bet only if their selected car finishes the race in first place. Besides entertainment these games train such qualities, as attentiveness, sense of motion, fast reaction and so on. A lot of practice will help to know necessary betting tips and nuances. Betting online in auto racing are a good fit and will keep every fan glued to their seat or the television. If auto racing is your favorite kind of sports, you can try to bet and even earn some money on it. Auto racing free download games are easily available in the Internet. It is one of the most wide-spread kinds of sports betting.
Online betting is a favorite pastime and a source of excitement for many people all over the world. This involves the bettor selecting the winner of any given race. If the period of postponement extends beyond this 48-hour period, then all bets are declared ‘no action’ and are subsequently refunded to bettors. For successful betting it is necessary to develop knowledge about car racing betting as much as possible: to learn more about drivers, teams, tracks and even about car racing history. In the event that two drivers in a bet record the same time which reduced to the nearest 1,000th of a second, the betting ‘match-up’ will be considered a no action, and all bets will be returned to the bettors. In addition, every disqualification that happens more than half an hour after the end of the qualifying session will be disregarded in terms of betting purposes. Each kind of such entertainment has a special online betting strategy and its own secrets. Once the first practice commences, all bets on qualifying match-ups are pronounced closed.
In terms of the actual bet itself, there are a number of different betting types. With the advent of increased television coverage, betting lines have opened wide.
Auto racing games can become a good entertainment without any money losses for those who are fond of this kind of sports.
Bear in mind that if a race is postponed, all bets remain valid for only 48 hours. In order to win this bet, your chosen car can finish either first or second; giving the bettor, obviously, a slightly better chance of winning.
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Auto racing is about speed, aerodynamic automotive technology, powerfully engineered engines, aggressive drivers with lightning reflexes and about the thrill of watching spectacular races unfold with winning bets on the successful racing teams and drivers. One might also choose a Place Bet, which means choosing the race runner-up. No matter what you choose, online casino or sports betting, every variant is thrilling in its own way. Auto racing betting is also can be called auto racing or motor racing betting.
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I started playing online in 2007, back in college. For two years I blogged only on the weekends and not many people took notice. I have never looked back, and thanks to my loyal visitors (thank you! really, couldn’t have done it without you, thank you so very much!) I can still do this full time, even to this day.
Because I owe all my success to you [the visitors] let me know if I can helping you with anything. I made around $10 000 in total gambling online. Just leave a comment, I will get back to you and I will help in whatever way I can.
However, that environment was perfect for online professional gamblers using advantage gambling techniques back then. The world of online gambling was quite different back then, more rogue casinos and less gambling regulations, and less professionalism. We have come a long way since then.
“Online casino bonus whoring” – as it is called, is no longer possible since around 2010, and life had other plans, so I took a break from online gambling, finished college, got an office job, you know, the works.
However, after a long hiatus I returned to the online gambling scene, this time as an online gambling blogger. It helped to pay for college.
I knew it wouldn’t last forever, but at that time it was really good.. Be it answering questions about online gambling in the comments section, useful gambling guides, gambling calculators, ebooks, infographics or settling disputes with the casino you are playing in, I’m here to help. However, in 2014 I took the plunge, quit my job and started doing it full time. I was one of those guys