The rapidly developing virtual gambling market could not avoid such a giant as the United States. America had a sad experience in imposing gambling restrictions, which did not reduce the level of gambling addiction and did not lead to the criminalization of the gambling business itself. However, over time, laws were passed regulating online casinos, including casinos not blocked by gamestop in the United States. Today, there are hundreds of virtual gambling establishments.
Controversial law in focus
Since the futility of trying to exclude Americans from online gambling became apparent, compromise initiatives have been taken. Since 2011, several states have been considering bills aimed at increasing loyalty to virtual gambling. Financial analysts predict that online casinos, particularly those not blocked by Gamestop, details of which can be found at – https://www.financials2017.com/, are a potentially quite serious taxpayer.
For this reason, we can say unequivocally that by legalizing online gambling, the United States will have a significant positive impact on its economy. In addition, players will no longer be restricted. Legalization, of course, will include the regulation of online casinos in America, so, users will be well protected from cheaters. Organizing illegal gambling on the Internet is now punishable by imprisonment under American law.
Biden’s influence on the gambling industry
Biden has no obvious sponsors from the offline casino industry, so he makes suggestions that offer hope for easing gambling laws. President of the Democrats, Joe Biden, opposes excessive restrictions on online gambling. At an appearance in the gambling stronghold of Las Vegas, the politician advocated liberalization of the sector and also voiced his opposition to a reinterpretation of the Wire Act, which was passed in 1961. A revision has been demanded by the U.S. Department of Justice since last January.
The so-called Remote Communications Act originally served to restrict cross-state sports betting. The Department now wants to apply the law to online casinos and lotteries. The question of whether the law also applies to online poker has been controversial for years. Under Barack Obama, the law only applied to sports betting. However, in 2018, under Donald Trump, this step was revoked. Since Trump himself was active in the land-based casino business, it is suspected that Trump lobbied for the casino industry with the withdrawal. Can therefore be assumed that the issue will ultimately end up on the table of the United States Supreme Court (USSC). This is where the PASPA repeal was already decided in May 2018.
For more player protection
Even though Biden has spoken out against the tightening of the Wire Act, the politician is committed to improved player protection on the side and is an advocate for integrity in gambling and sports. His ambitions are winning him a lot of support throughout the industry. This was also the case in Las Vegas, where the political veteran spoke out in favor of ensuring responsible gambling. At this point, he said, the responsibility is shared by the states and the federal government.
Prospects for the development of online casinos in the US
Joe Biden, who has a significant reputation as a former member of the Delaware Senate and vice president under Obama who recently became president of the United States, may sign the Wire Act amendment executive order and have a comprehensive impact on the North American gambling industry. Online casino and poker providers, in particular, benefit from Biden becoming president.
Federal liberalization of the sector would create a multi-billion dollar market. Meanwhile, the newly legalized sports betting market continues to grow. More than 18 U.S. states, including New York, Mississippi, Nevada, New Jersey, Colorado, and Iowa have already passed corresponding amendments to their laws. All four of the major US sports leagues – NFL, NBA, MLB, and NHL – have already reached various agreements with different gambling providers. These often originate from other European countries.
Speaking of online poker…
Joe Biden is not the only Democrat president who is currently going on a vote-catching spree in the gambling industry: only at the beginning of November, 44-year-old politician and presidential candidate Andrew Yang had spoken out in favor of legal online poker. Yang pointed out in a Twitter post that online poker is so far only legal in the states of New Jersey, Nevada, and Delaware. In this context, the state of Pennsylvania, which already passed relevant regulations for online gambling in 2018, is planning to introduce online poker. With regard to nationwide legalization, the politician, who grew up in New York, sees a win-win situation for both players and providers. However, this is only under the condition of uniform regulation.
Encouragement from the poker scene
Yang has secured the encouragement of the US poker scene with this action. Consequently, some world-renowned poker pros reacted and support the contribution.
Biden’s victory introduced changes to the same 2011 law that Trump had previously debated. This has an unexpected effect: the more individual states legalize online gambling, the harder it is for the federal government to ban it by interpreting the 2011 law as it was under Trump.