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

New Jersey allows sports betting

The seaside resort has already lost three of the 12 casinos with which it began this year, and a fourth one is due to shut its doors next week; about 8,000 casino workers will have lost their jobs since January.

ATLANTIC CITY, N.J. “Obviously, this is a significant development. branch of William Hill agreed to be the exclusive provider of sports betting at Monmouth Park, but is taking a wait-and-see approach.

But those actions ran up against the 1992 Professional and Amateur Sports Protection Act, enacted by Congress to restrict betting on sports to a few states. In light of our significant investment at Monmouth Park, we are happy that it appears racetracks and casinos in New Jersey will be taking sports bets sooner rather than later.”

In addition to the directive, Christie also had the state file a motion in federal court asking a judge to clarify or modify a February 2013 ruling that blocks a licensing program New Jersey had passed for sports betting in the state.

The professional football, baseball, basketball and hockey leagues, as well as the National Collegiate Athletic Association, all opposed New Jersey’s effort to legalize sports betting, saying it could give the appearance that the integrity of the games has been compromised.. Like others, we recognize that legalized sports betting is inevitable, and will be a good outcome for customers, states and the sports leagues. Raymond Lesniak, one of the legislature’s strongest supporters of sports betting. Nevada has allowed betting on sports for more than 60 years, and Delaware, Montana and Oregon have at times permitted more limited betting. — Gov. Supreme Court declined to hear New Jersey’s appeal in June, saying, “You know, that’s the way it goes.”

His action, through the state attorney general’s office, is likely to be challenged by the professional and collegiate sports leagues that fought New Jersey’s efforts to overturn a ban on sports betting in all but four states. Other leagues and the NCAA did not immediately return messages Monday.

Dennis Drazin, an attorney and adviser to the New Jersey Thoroughbred Horseman and Monmouth Park, told ESPN in early September that he believes the track could have an operating sports book within three weeks after legalization.

The governor says sports betting is legal under previous federal rulings as long as wagers don’t involve a collegiate game played in New Jersey or a New Jersey college team elsewhere in the country.

Monmouth Park, a thoroughbred track in Oceansport, New Jersey, has been outspoken that it will take the lead once sports betting became legal.

Information from ESPN.com’s David Purdum and The Associated Press is included in this report. Supreme Court declining to hear the case.

He said he does not expect sports betting to begin until a court rules that it is legal.

Lesniak said he expects the leagues to challenge the move, but predicted: “They don’t have any arguments left to make. Jennifer Beck, a Republican who represents the area where Monmouth Park resides, said Monday that she would like to see the track begin taking bets as soon as this upcoming weekend, but wants to see the reaction from the sports leagues.

Casino executives did not immediately respond to requests for comment on Christie’s action.

“That to some degree will dictate how the race tracks and casinos move forward,” Beck told ESPN.

Voters in New Jersey overwhelmingly endorsed legal sports betting in a nonbinding referendum in 2011. “The motion simply would clarify and formalize that authority and give clear guidance to casinos and racetracks waiting to open a sports pool in New Jersey.”

The move is a turnaround for Christie, who initially seemed resigned to defeat once the U.S. CEO Joe Asher said in a statement. This is all over but the shouting.”

N.J. Rachel Ryan, a spokeswoman for the Meadowlands Racetrack said Monday that the track has no plans to offer sports betting now.

A month ago, Christie vetoed a bill that would have pushed New Jersey to circumvent the federal ban on gambling on professional and college sports.

The move came hours before Christie was to convene a closed-door summit on the future of Atlantic City.

“Based on the arguments of the sports leagues and the United States Department of Justice, the 3rd Circuit has already ruled that New Jersey can carry out sports wagering as described in today’s statewide directive,” the governor’s office wrote in a statement. State lawmakers soon enacted a law to allow for betting at tracks and in casinos. State Sen. Christie said at the time disagreed with the court decision but feels the law is “sacrosanct.”

“Victory at last!” said state Sen. That effort ended with the U.S. Bets wouldn’t have been taken on games involving New Jersey colleges or college games played in the state.

The U.S. District Court,” William Hill U.S. New Jersey missed a 1991 deadline in the law that would have allowed sports betting in Atlantic City.

The NFL had no comment when reached by ESPN.com. “People should book their hotel rooms in Atlantic City for the Super Bowl now because there won’t be any available in February.”

“We are reviewing the Attorney General’s directive and the motion filed in U.S. Chris Christie’s administration issued a directive Monday allowing the state’s casinos and racetracks to offer sports betting, a move likely to be challenged in court by sports leagues.

The park built a sports bar last year that was designed to be transformed into a sports book quickly if sports betting were legalized.

The governor said he took his cue from previous federal court rulings that found that nothing in New Jersey law prohibits the casinos and horse racing tracks from offering sports betting.

Christie suggested casinos and tracks could start offering betting immediately, but it’s not clear that will happen

Gambling | Buzzle.com

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Internet Gambling Facts and Problems

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Why gambling should be illegal

What are the adverse effects of gambling? How does it affect society? Should gambling be legal? We don’t think so and here we bring you an article that discusses the reasons why gambling should be illegal.

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So many of us are attracted to gambling online

Casino-Gaming :: Gambling Heroes | ArticleBiz.com

Broadly speaking gambling is of two forms. After this the ‘deal’ button is to be pressed to draw the cards. Poker is the well-known game of skill. For instance betting on horse race, car races, sports betting are all different types of gaming because in these cases too a person puts an amount of money at stake, calculates the odds etc. It is also the cause of livelihood for many people. Moreover with the arrival of online gambling, gaming has reached in every corner of the world. The game of video poker is quite popular in Las Vegas. In poker players make wagers into a central pot with fully or partially concealed cards. Its addiction can be disastrous to the concerned person as well as his entire family.

Gambling is one amongst the most eminent sources of entertainment today. Prior to playing any game it is better to get acquainted with its rules first. People cherish these games across the globe. All these games have different rules and regulations. Blackjack is the game of card counting.

Though gambling is also a good source of revenue yet is proclaimed illicit in most parts of the world. This is followed by a machine evaluation of the hands. It is legalized only at few places such as Las Vegas. It’s also known as twenty-one and pontoon in British English. It is played by placing a bet of one or more credits and by inserting money into the machine. This sort of gambling can be within the four walls of a casino or at home. Blackjack is popular for card counting, a skill with which players can turn the odds of the game in their favor by making betting decisions based on the values of the cards known to remain in the deck. This is why apart from ordinary people it is commonplace to see celebrities gambling in some or the other big casino.

Some of the most common gambling games are poker, baccarat, blackjack, video poker, slot machines etc. to play. One that relates to playing casino games and the other to bets on various sports. The winner of the game (who has the best combination of cards) takes away this pot. However all the players should take gambling in a sporty spirit only. If the hand matches one of the winning hands in the posted pay schedule the machine offers a payout. For a person had to collect various ingredients such as cards, table, dice, coins etc. Gambling is all about wagering money usually to acquire more wealth or even things of material significance. Then the player gets a chance to hold or reject one or more of the cards in exchange for a new card, which is drawn by the player from the same virtual deck. Few decades from now, gambling at home meant lot of expense and work. Internet is a good way to know about these moneymaking games. . But today with the advent of online gaming any gambling aficionado can relish gaming while relaxing on his couch. Nowadays the enticement of gambling is at a surge. it provides a rule book for almost every game. Besides this there is gambling related to gambling tables, deck of cards, slot machines and the like