While most Internet businesses are struggling for survival, the best USA casinos online continue to spin money. Online casinos are one of the major advertisers on the internet, and are boldly spreading their banners to mainstream sites, tapping a whole new clientele into online popular games such as slots.
Where are these online casinos based, and what is the US government’s take on the issue? Is there much that the US Government can do?
The US has the highest number of gamblers in the world. In the Caribbean countries like Antigua and Barbados, online gambling is legal, and thriving. Here is where most of the online casino operators are based, and which generate millions of dollars for their governments every year. Antigua alone employs 3000 people in online gambling in over 100 online casino operators.
The Justice Department does not recognize internet gambling as legal, and the Wire Wager Act that dates back further than the days of the Internet frowns on the use of communication lines for betting. The laws on online gambling are pretty confusing, but there is a concerted effort to nip the problem at the source by denying online casino sites the access to a credit card payment.
However, with operators based in countries where it is legal, putting a stop to online gambling is almost impossible. Alternative methods of payment are getting the better of authorities. And players already addicted to online gambling continue to visit overseas based online casinos.
Considering the support online gambling has, and the difficulty in eradicating it completely, it would perhaps be more appropriate to regulate the activity, and benefit from the tremendous benefits that flow from online casinos.
Several countries are beginning to legalize online gambling, including the UK where licensing online casino operations is being considered. Taking online casino operators into confidence will surely help counter money-laundering and under-age winnings that plague the business.
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