Online Casinos May Become Regulated By State In US
There is a certain sentiment among lawmakers that online casinos will become regulated by the federal government in the US. There is also, however, a growing list of analysts that believe that the casinos will be regulated on a state level before they are regulated nationally.
Many states across the US have started to see their lawmakers and residents soften to the idea of expanded gambling. Land based casinos are going up at a record pace in the country, and some lawmakers are even starting to push Internet gambling in their states.
The federal government is moving slowly, with Representative Barney Frank introducing legislation earlier this year to overturn the Unlawful Internet Gambling Enforcement Act. That Bill, however, has not even been discussed and may not be until the new year.
That leaves the door open for individual states to make their move. California is considering legalized online poker. Other states have had lawmakers discuss even grander online gambling options.
“What we are seeing now in the US is a rush to be the first state to regulate Internet gambling,” said NOC Gaming Analyst Joel Hersh, “It is going to be a case of the first state to regulate the industry becoming the leader, and all states want to be that leader.”
States such as California and Florida appear to be the most logical choices for regulated Internet gambling. The two states, on opposite coasts, have been expanding their land-based casino options, and although Florida would be ideal, California is further along in the discussions.
With the Frank and his Financial Services Committee still focused on the economy, the timing may be right for a state to make a move and kick-start the online gambling industry regulations in the US. Which state will that be? Only time will tell.