Gambling has existed thousands of years ago. We, as human beings, have the natural instinct to survive so in order to do this, we need to take the risks or gamble and hope to achieve victory in return. Gambling existed in many forms. People usually gamble on who will get the largest land or who will win the war. People use coins and dices to decide on their fate and these basic notions had led to the development of casino gambling, which is very popular nowadays. With the popularity of casino gambling taking its toll ugbet88 for several decades now, people have learned to adapt to such popularity. Today, casino gambling has embarked on a new journey and this is to share the excitement of casino gambling to the entire world.
It all started in 1994 at a small island in Antigua and Barbuda. This was the same year when the legalization of online gambling was passed in Antigua. Because of Antigua and Barbuda, internet gambling has moved on to the next generation and continues to soar high up to this present date. Prior to the launching of the first online casino, gaming software were developed. Microgaming is the first gaming software provider that was used to power online casinos. Cryptologic, an online security software company, made the necessary steps to make online gaming safe and secure as possible.
The online casino industry definitely didn’t have a convenient start, the industries tackled issues on legality and addiction to gambling. A lot of people never really like the idea of gambling online so they promoted anti-gambling campaigns to battle its approval. The internet definitely made great contributions to the development of online gambling. With the evolution of technology, people can enjoy their favorite casino game anytime, anywhere. But many people, especially US officials, seriously detest the legalization of online gambling. Despite the legality issues, many people still want to become part of the online gambling industry. Today, the online gambling industry is definitely on the verge of becoming one of the biggest profitable industries in the world. Online casinos continue to increase in number and various programs to promote online gambling like tournaments and World Series have already been set to provide only the best for every player. The online gambling industry is definitely here to stay and it will continue to surpass all obstacles and rise stronger than ever.
As it stands today, individual states are free to prohibit or practice gambling within their borders while significant regulations and limits are placed on interstate and this activity. In recent years, online gaming has seen harsher regulations. With the Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but rather it was online financial transactions that were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which resulted in many offshore gambling operators excluding US customers from their services.
Existing in this legal grey area, it is no longer a question of if online gambling will enter the us market but when and perhaps how. As recently as this month, three states have legalized online gambling and plan to begin offering bets by the end of this year. Naturally, a gaming firm in Las vegas known as Ultimate Gaming was the first to offer online poker but for now restricting it to only players in Nevada. New jersey and Delaware have also legalized online gambling and so far ten other states are considering legalizing it in some form or another.
Frank Fahrenkopf, president of the American Gaming Association has said that “Unless there is a federal bill passed, we are going to have the greatest expansion of legalized gambling in the united states. I don’t think that’s what anyone intended, but it is what we’re seeing. ” This poses a lot of questions and of course concerns for many existing commercial casinos as well as American policy makers. Will legal online gambling mean fewer people in brick and mortar casinos? Will this create a new source of revenue at the state and national level? What about taxes and regulations? An increase in gamblers?
Many people including Arnie Wexler, former chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the good this could do to generate income and revenue for individual states there could be problems with an increase in compulsive gambling. There is particular concern regarding social media in the us as some places like Zynga have already begun taking real-money bets.