Regulating US Online Gambling Market

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Created on Saturday, 10 August 2019
Regulating US Online Gambling MarketUS online gambling market is growing. Although not all states regularize online gambling, there’s no existing federal law making the activity illegal. The federal government can’t go after citizens who placed bets online. 
 
According to a US federal law, a bank can’t handle transactions between a US-based bettor and an online gambling site. The Unlawful Gambling Internet Enforcement Act makes it illegal for a bank to process deposits or withdrawals for an online casino. 
 
The federal law doesn’t prohibit people from accessing online gambling sites. However, it is a different story when it comes to some state laws. In fact, Illinois, Montana, Washington, Wisconsin, Oregon, and Louisiana don’t allow any form of online gambling. 
 
In other states, the law is not that clear. That’s why there are calls from some sectors for the federal government to regulate the US online gambling market. However, this is something that the sportsbook pay per head companies don’t want to happen. For them, it is better for individual states to oversee online casinos and sportsbooks on their own. 
 

State of US Online Gambling Market

 
If the Trump administration opened and regulated the US online gambling market, the nation will make millions of dollars in taxes. Bookie pay per head reviews said the federal government will make a lot of money from casino operators, poker sites, and sportsbooks. 
 
The US has a population of more than 300 million. In addition, most of them grew up gambling or playing cards in their spare time. The best bookie software estimates that the US online gambling market is a lucrative one if the Trump administration regulates the industry.
 
Although online poker and casino markets are closed in the United States, the sports betting industry is open. After the Supreme Court allow states to legalize wagering on sports in 2018, many states did or started the process of making the activity legal.  
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