Many people with gambling issues aren’t aware that they can hide their behavior behind the privacy of an online casino. Since it’s easier to conceal behind a computer screen, online gambling may seem like a lesser threat. Gamblers may not even realize that they’ve developed a problem because it doesn’t disrupt their life. The truth is, however, that underage kids can easily lie about their age and access the games.
Because of these concerns, regulated markets like New Jersey are focusing on providing convenient real money payment options to their online casinos. New Jersey’s regulated markets include U.S.-only and global payment methods, as well as payment methods aimed at regulated online gambling sites in the United States. The biggest challenge associated with online casino payments in newly regulated U.S. markets has been success rates. Many banks have been slow to adapt to the new regulations.
While online banking has become increasingly popular, some regulated gambling sites still refuse to accept wire transfers. For example, GoldenNugget in New Jersey, which is based in New Jersey, does not place any withdrawal limits. While wire transfers are slow, they’re generally accepted and have their own advantages. Unlike online bank transfers, they don’t require a credit card. Furthermore, online casinos don’t share sensitive financial information with other websites.
States haven’t been particularly active in enforcing Internet gambling laws. They may also be unable to enforce their own laws because they conflict with the dormant Commerce Clause doctrine, which holds that any state law outside of its borders is unconstitutional. Federal preemption has prevented states from regulating Indian casinos within their borders because of federal law, such as the Indian Gaming Regulatory Act. However, this does not mean that federal laws will preempt state action in the Internet arena.