In the United States of America, the 1961 Federal Law had been revised to make the famous online poker game a legal one. Today, it is now the turn of the different states to decide whether they would allow it or not. While most states are amenable to allowing online poker because of the taxes it can generate, these states, however, must protect its citizenry against protectionists and pure greed.
How Poker Works Around the World
Different countries have their own laws about gaming so it is difficult to keep track. In the United States of America, there are 2 types of online poker sites: the state run and the non-state run. State run poker sites have only began this 2013. A state-run poker site means that it has a state license to operate within the said state. Nevada is considered the licensing epicenter for intrastate sites. However, these sites can only allow a player to play against somebody within his state. Because of this, some players find it unchallenging because they only play with a limited number of players and within the vicinity.
On the other hand, non-state run poker sites can allow a player to play against anybody from anywhere around the world. Currently, only a Panama-based poker site accepts US players from the 50 states. Different global poker sites are having difficulty accepting US players because the USA has strict regulations on online gambling deposits. The country’s Unlawful Internet Gambling Enforcement Act has a lot of restrictions on banking. It doesn’t restrict US citizens from playing online poker. It just made it difficult for these Americans to deposit money to global poker sites. Currently, global poker sites can only signup 15% of Americans due to banking and credit card problems.
The Problems of Online Poker
According to poker articles, Betonline.ag accepts US players from the 50 states. It is safe and easy to transact with LockPoker.eu, on the other hand, it has the best safety measures and progressive software. However, it does not accept players from states of Utah and Kentucky. Lastly, bovada.lv is a global poker site strictly for Americans. However, it does not accept players from Maryland, Washington, New York, and Utah. State-run poker sites have commenced operations only this year. It is unlikely that Missouri, Louisiana, Utah, New York, Kentucky, Maryland, and Washington will adopt state-run poker sites because these states are very much against online gambling. US citizens who live in populous states can try state-run poker sites because it is their only choice.
Expectations on Online Poker Sites
If state-run poker sites are unsuccessful, the Federal government can create interstate poker sites. However, this may not happen in the next 10 years because the Federal government had already given the various states authority to decide the fate of online poker gaming. It isn’t surprising, though, to have a poker site run by the Federal government with its own poker software. Presently, state-run poker sites tie up with various poker sites in the United Kingdom.
What the Survey Says
According to Wall Street Journal, the full legalization of online gambling by 2020 will result to revenues amounting to $9.3 billion, an amount which is the combined revenue from Atlantic City and Las Vegas. At the state level, online gambling is currently being made legal. However, the United States Congress has a lot of pending bills regarding nationwide legalization of online gambling. In a survey made by Reason-Rupe, 65% of US residents want online gambling legalized. On the other hand, 37% of the respondents believe that the government should not allow online poker games.
In that same survey, the majority wants to allow Americans access to different online poker sites. About 75% of the Republican-leaning independents favor online gaming while 58% of Democrats were found not in favor of online poker sites. 66% of regular Republicans, 65% of independent-leaning Democrats, and 68% independents want online poker to be legalized. 41% of Americans who belong to the lower-income group, along with those people who have a high school diploma or less, want to ban online gambling while 56% are in favor of legalizing online gambling. 21% of Americans who had post-graduate diplomas, together with 31% of US residents with high income, prefer to ban online gambling. On the other hand, about73% of Americans with post-graduate degrees and 66% of Americans who belong to the high-income group prefer to legalize the online gambling.
70% of Americans below 55 years of age and 56% of Americans above 55 years of age want online gambling legalized. In this nationwide survey through telephone, a total of 1,011 respondents were interviewed between December 4 and 8, 2013. The survey used both landline and mobile phones with a margin of error of “plus or minus” 3.7%. The nationwide survey was done by Princeton Survey Research Associates international for Reason-Rupe.
Online poker requires internet connection to play the game of poker. It has been credited to the surge of poker players on a global scale. According to poker articles of Christiansen Capital Advisors, the revenues from online poker have resulted between $82.7 million and $2.4 billion, from 2001 to 2005. Global Betting and Gaming Consultants, together with DrKW, conducted a survey in 2004 and found out that online poker revenues amounted to $1.4 billion in 2004. Grant Eve, testified in a US Senate hearing on Internet Gaming. He said that about 25% of all US dollars spent on gambling came from online gambling.
Unlike the traditional poker game, online poker can be intimidating to the beginner and is found on disparate locations. Traditional casinos do not encourage online poker because they find it difficult to earn from this kind of game. The opportunity costs of establishing an online poker room is higher than the traditional poker room. Slot machines are now preferred by traditional casinos because they make more money from them. According to estimates, poker revenues only account for 1% of the total revenues of a traditional casino.