Online Casinos

 

Even though playing in online casinos is considered an illegal activity in the United States, over 30 million online gamblers are gambling from the United States. This makes it almost impossible for the US government to ban online casinos for all US citizens.

 

One of the leading international business services groups, Morgan Stanley, just published an objective analysis of the developments in the USA concerning online casinos, concluding that there is a very small chance that the US will manage to ban online casinos from their residents in the coming 12 to 18 months.

 

The analysis includes a survey of the three legislative attempts to prohibit playing in online casinos from Goodlatte, Leach and Senator Jon Kyl and examines the effects of state versus federal authority in previous failed attempts of banning offline gambling and the fact that 2006 has very little congressional days before the elections of November.

 

The report also states that in relation to the forthcoming elections, the number that Nielsen NetRating indicates (30 million online gamblers in the US), might very possibly not be supported politically. Therefore, harsh political actions are not expected when it comes to online casinos.  

 

A part of the report is dedicated to the financial constraints; the US tried to create, by prohibiting credit card companies to cooperate with online casinos about two years ago. The use of credit cards in online casinos did drop from 90 percent to less than 50 percent, but unfortunately, for the US government, the alternative payment methods (including many online money transfer services) continued to grow massively. Here are some more online casinos you can see at this website. For casinos online always visit good websites.

 

If however, the US justice department would decide to take rigorous action against online casinos through an ISP blocking strategy, it will take at least a 12-month interval to enact the new law; only if there will be no problems with this innovative strategy. In the report there is a quote from online casinos fighter Senator Kyl who says that online gambling will be very difficult to regulate, since the US government has no jurisdiction over the people who are operating the online casinos offshore play online casino | online currency trading | online sportsbook.

 

The reports deals also with the recent WTO rulings on online gambling and the problems that not allowing online gambling might have for the US horse racing betting industry. If playing in online casinos will be banned, this means no more horse racing over the internet, which means that the US will miss a huge amount of taxes.


The Morgan Stanly report indicates that the global online casinos industry is expected to have revenues of $15 billion in 2006 and this number will only grow more in the coming years. Now, there are 80 nations outside the US, including Great Britain licensing operators and 300 companies with over 2,000 sites.

The authors of the report believe that eventually, the size and scale of the online casinos industry will cut down the attempts to moralize the casinos and therefore online gambling won't be banned from the US.