Online Gambling 2008
The popularity of online gambling has increased two fold every year for the past several years. Despite government efforts to ban or control it online gambling continues to grow, total revenue estimates are hard to come by but some projections show that by 2010 total online gambling revenue will exceed 10 billion U.S dollars.
There are many reasons for continued growth just the increasing ease of access, the ability to transfer funds in different currency, the public interest in poker and tournaments that are televised have exploded the number of online poker sites and online casinos. The games have evolved into downloadable and flash games with great graphics plenty features and you can control denominations and types of games with ease. They are even available to Blackberrys and other remote hand held devices and will soon be available on cell phones. With the added benefit of playing just for fun if you want allows for hours of play and practice without risk of losing. Almost every online casino offers some sort of bonus or comps benefits some even offer hours of free play where you can keep the winnings.With out the overhead of land based casino most of the online gambling casino can offer higher percentage payouts, and will continue to flourish in the future with new technology evolving.
The online gambling industry have made great gains in becoming reputable and weeding out unscrupulous operators most of the good online gambling casinos are regulated by gaming commissions and certified RNGs (random number generators). They have a complaints departments and take player and affiliate complaints serious which they investigate, post bad operators on blacklisted web sites for people to see and avoid those sites.
Thank goodness for the UK! During a time when many countries are taking away their citizen’s ability to game online the United Kingdom is making it easier. The United Kingdom revised its gambling law from 1968 and now it is so much more open than it used to be. People all over the United Kingdom are happy with the changes because now they can play the casino games that they love where and when they like.
Online casinos are a great place for those that live in the United Kingdom because if you are over 18 you can go to any gaming website and you can have a good time. It doesn’t matter what you would like to play or what website you are interested in playing, you will not have the experience of being blocked when you try to create an account with one of these casinos on net.
If you have lived in a country where you cannot participate in online casino gaming you know how frustrating it can be to create an account with one of these casinos and then find out that your access has been denied because your country does not allow for online gambling.
The problem is that even when countries ban online เว็บสล็อต casinos it still occurs and the country has to exhaust a lot of its resources to catch people and bring them to justice for breaking the laws. Doesn’t it just make more sense to allow it?
The United Kingdom has been smart about allowing it. The reason for this is that they did not just open the gates and tell their citizens to go play. Instead, they have started to license companies themselves so that they can try to regulate the net casino industry as much as possible. The money that has come in as a result is just unreal and it is benefiting the government and everyone is getting what they wanted out of the deal.
The great thing about the United Kingdom gambling law is that they have opened the doors for other countries, such as Italy, to make casinos on web available to the citizens there as well. The outline that they created has been working well for the UK and it has also proved to be very effective for Italy, who went from banning the practice to profiting from it in a big way.
Your best bet for casino gambling is playing online. Online Casinos offer better than Vegas odds, deposit matches, convenience and a wider variety of games. There is a high level of competition between these casinos because of the ease of moving between them. They are competing not only with each other, but with land based casinos. Online casinos do not have the large overhead of land based casinos and this savings is passed on to the player.
Online casinos do not have the expenses of traditional casinos. Lavish Vegas casinos with neon lights, multimillion dollar lobbies and dancing fountains are nice, but someone has to pay for them. Cyber casinos look like small office buildings with 10 or 12 employees. Their largest expenses are licensing the casino software and monitoring for fraudulent activities.
Traditional casinos will raise table minimums and offer fewer high paying slot machines during peak hours. There is limited competition and they have a captive audience. If the number of players looking for lower limit tables and higher paying slot machines became great enough a new casino would eventually fill this need. This is the law of supply and demand. In cyberspace this luxury does not exist. The ease of opening a new online casino to fill a void makes this practice impossible.
In 2002, the United States Court of Appeals decided that the Federal Wire Act applies only to online sports betting and not to games of chance. This legalized online casino gambling for US players. However, it did not make it legal to open an online casino inside the United States. It is very difficult to collect taxes on winnings from online casinos, because they are based outside of the United States. They do not report winnings to the IRS and this has become a point of contention with both opponents and proponents of allowing US casinos to open online casinos.
In response to the inability to collect taxes the US Government has but many restrictions on the banking industry. These restrictions include coding online casino deposits and not allowing them from 13 states. The states that do not allow credit card deposits to online casinos are Michigan, Illinois, Louisiana, Oregon, Washington, Wisconsin, Indiana, Nevada, South Dakota, New Jersey and New York. Banks and players quickly discovered that anonymous prepaid debit cards were the way around this.