Cybergambling returns — and this time it’s legal

In online casino gambling, it’s about the game more than the bet.”

But analysts are mostly rolling with Christie and the casinos. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

What happens online, stays online

Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.

Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.

“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. U.K. will catch up to the rest of the world and allow it at some point.”

- Geoff Freeman, president and CEO of the American Gaming Association

“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. Not just poker.”

“Slots and roulette are very visceral games, lots of bells and whistles. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.

“Those from other states can play, but they cannot wager,” Fenton said. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

Prohibition failed – again

Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.

Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”

To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. “Blackjack and poker have a very human element that’s lost online. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.

Legalizing gambling across the U.S. That doesn’t translate online,” DeGaris told FoxNews.com.

Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.

And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. Gov. Others predict the overall U.S. Virgin could be holding a full house, but it could also fail before the flop.

. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

Globally, the business is even more lucrative. “The technology is rolling out this week.”

Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. — notably sports betting.

‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’

Congress banned online gambling in 2006. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

Not everyone agrees with the odds. “That’s where I see the huge potential in online gambling, and I reckon the U.S. 10. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

“In sports gambling, it’s about the bet,” DeGaris said. “Blackjack, slots. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times

“How to Choose the Right Sportsbook!”

I also like SportingBet (www.SBSportsbook.com) who take US customers and cater for global sports.

You are keeping your money in an account online. I have had at least three online sportsbooks go broke on me – luckily my losses were kept to a few thousand dollars – that may sound a lot but it could have been a lot worse.

Not all the above are critical – but help towards finding a secure book. Sometimes this means added solidity.

What are the deposit and withdrawal options and the associated charges. It is, therefore, critical that those US customers put in the research before signing up.

This article was posted on October 22, 2004

<< Back to “Recreation And Sports” Index

Read press articles as opposed to reviews – reviews are usually written by the sportsbook’s marketing team.

Test run the software by joining and playing for free – most sportsbooks offer this facility.

Find out if your funds are insured or separated in ESCROW accounts so that if the sportsbook company goes under – your funds are still safe.

Find out if the sportsbook is independently audited.

How long has the operation been online – three to four years is usually a good marker as a minimum.

Test out the customer services to see if they meet your standards or the standards they promise you.

If you know about betting already, then check some of their odds and lines – are they in keeping with what you would expect? Some less scrupulous sportsbooks offer very attractive prices to lure unsuspecting bettors.

So what do you look for:

“How to Choose the Right Sportsbook!”

 by: Daniel B. But ask yourself ; “how easy is it to get access to my money and how much does it cost?”

Well I am in a position to speak from some experience – I did at one time hold accounts with about sixty bookmakers in Europe, UK, Australia and offshore – the latter catering mainly to the US market. Often these website owners know nothing about betting, do not hold accounts with the sportsbooks they are advertising and have not researched the companies they are involved with.

I would say that US bettors are at most risk since they are generally forced to bet at offshore sportsbooks due to legality issues. Options should be available that are ‘free’ or where the sportsbook absorbs the charges.

Find out if the sportsbook is part of a larger group of companies. These vary quite a bit from book to book. The offshore books with whom I work are top grade but it is in the offshore environment that problems occasionally occur. King

If you have already have an account with a sportsbook watch out for lapses in customer service and slowness of payment – these can be signs that the company could be in trouble.

Happy betting!

It is not that easy finding a reputable sportsbook – partly because the web is populated by website owners who will sing the praises of a sportsbook or casino simply because they earn revenue from signing up customers via an affiliate program.

The UK has a number of established books including William Hill, Ladbrokes, Coral, and Victor Chandler. Therefore you should think of the sportsbook you are considering as a bank – a place that you intend to keep funds long term.

So you have decided to start betting online – or maybe you just want to find a new trustworthy sportsbook – what do you need to look out for?

Offshore Gambling Operators to fall under Secondary UK Online Gambling Tax

If the stricter laws are sanctioned, such disparity will soon be a thing of the past.

The commission that has been formed by the UK officials has been established with the purpose of analysing the relevance, bearing and outcome, should a secondary taxation be implemented on the offshore operators. There is a major discrepancy in the profits earned by the offshore and local ventures, thanks to the extremely lenient taxation rules that are levied on the offshore operators. Owing to such rules, offshore ventures have managed to cash in much more than their UK-based operators have been able to do. With so much talk surrounding the UK government’s impending secondary taxation and licensing implementation, legendary William Hill decided to go ahead with its independent survey. As a result of this, the government has decided to apply a secondary tax on all such offshore gambling ventures.. I hope the Government sees sense on this.” For the very purpose of evading high taxes in the UK, William Hill had moved its operations headquarter from the country to Gibraltar. With this new law being passed, William Hill would be back to the mess it was in three years back. With a growing number of people voicing their opinions against this glaring differentiation, the government of UK has been forced to rethink its policies. Currently, the offshore operators who provide online gambling facilities in Britain have an upper hand on the British operators which has, understandably, disgruntled the local land and online operators. Views of many of experts from the industry as well as several gambling ventures representatives will be considered by the committee before a conclusion is arrived at. Speaking about the issue, Ralph Topping, CEO, William Hill, said, “Money will always find a way out.

The survey revealed that should the taxation be levied on such operators, gamblers and betters in UK would not shy away from playing at unlicensed sites, just to avoid the complications. Going by the report, tough times are predicted for offshore online gambling operators as the government plans to impose taxation laws that promise to be more stringent than they have been in the past. This survey conducted by William Hill also brought to light the fact that if the tax is 10%, ventures would lose 27% of their revenue while if the tax is 15%, ventures would lose as much as 40% of their revenue. The results have been worth a glance.

The relatively easier law that governs offshore gambling ventures was adopted by the UK online gambling legislation in the year 2005. However, since the time of its inception, this has come under scrutiny and has been widely criticised not just by local land-based casinos and betting establishments related to sports but also by several prominent politicians and public figures of the country. More people will go overseas or to fly-by-night, unregulated sites where the consumer is not protected. However, there are other ventures like Rank PLC that believe giving offshore ventures the advantage of not having to pay tax is against the EU legislation.

In the recent turn of events, UK officials have decided to investigate the online gambling taxation scenario in the country and have declared that a commissioning body has already been formed for the same