Gambling Operators Await For November 26th

The regulations in the United States have made it quite difficult for players to enjoy online gambling. The Wire Act of 1961 bans all specific betting operations in the country and the 2006 UIGEA focuses on online gambling within the United States.

These make it illegal to gamble online and also prevent American banking institutions to transfer funds to companies related to online gambling. The government flexed its muscle on Black Friday by closing down the biggest online poker rooms in the USA.

All Eyes On New Jersey As We Approach The Launch Date. However, despite these restrictions, Americans still gambled online for an estimated $2.6 billion in 2012 at foreign sites.

The problem being that this amount is not taxable by the United States and thus considered a loss.

More than two dozen companies get preliminary green light

Last week, New Jersey presented a long list of companies that have been preliminary approved by the gaming regulators for the launch on November 26. This doesn’t just include some of the land-based casinos but also a variety of other operators that range from service providers to software developers and payment processing companies.

The hype is starting to feel in New Jersey and a success here can persuade other states to legalize online gambling. The most notably name on the potential list is California given its huge population and the fact that casino games are very common here.

9 out of the 12 casinos in Atlantic City have made partnerships with online gambling companies in order to make up for the lack of experience in the internet sector.