Legalizing Online Gambling

Online Gambling

There is a growing global market for Online Gambling. This growing market can be attributed to factors such as increasing internet penetration, growing number of smartphones, and increasing number of online casinos. A growing number of users are now interested in online gambling services, making online casinos a profitable proposition. Online casinos are also benefitting from factors such as growing number of online betting offers and applications.

However, online gambling activities are subject to different laws and regulations in each state. Some states have banned Online Gambling while others have made it legal. The Public Gambling Act, 1867, is the central legislation that governs gambling activities in the country. Although the act doesn’t specifically mention Online Gambling, some states have introduced legislation that contains provisions related to Online Gambling.

Online gambling is largely governed by state law, but federal law can be implicated in certain situations. The Unlawful Internet Gambling Enforcement Act of 2006 limits banks’ ability to transact with Internet-based gambling sites but does not define whether these activities are legal. While it was once thought that the Federal Wire Act prohibited all forms of online gambling, this law does not apply to poker, lottery, or online casinos.

Legalizing online gambling is not a simple process. States are slowly moving toward legalizing the industry. Nevada, Delaware, and New Jersey have already taken steps to regulate online gambling. However, this process is likely to continue on a state-by-state basis.