Online gambling is any form of betting conducted over the internet. This includes casinos, sports betting as well as virtual poker. The first online gambling site was opened for public use in 1994. It offered lottery ticketing for the World Poker Tour in Las Vegas. Since then, there are gambling websites online which have provided a variety of gambling and gaming options.
Some of the most well-known gambling websites online are: Betfair, Coral Sportsbook, William Hill, Intercasino, Unibet, Fairlay and iPoker. These companies have made significant progress in a very short time. With these companies you can find all different types of online gambling activities. For example, there is the traditional betting where people place bets on a specific bookie or online casino. There are also lotteries and raffles, which you can play for cash, tickets to events such as film festivals, music festivals, horse racing and even lottery draws.
Many states have expressed an interest in online gambling because they are concerned that it is being used to encourage illegal activity and traffic. Some state governments have taken an interest in online gambling and created regulatory frameworks. For instance such as the Department of Business and Professional Regulations and Delaware have developed licensing programs and rules and have set up databases for online gambling websites. Many internet players are aware of rules regarding online gambling and the majority of states have enacted provisions to allow state-regulated gaming sites to operate as they undergo review.
Many countries including the United States, have taken an active part in regulating gambling online. There are even international legal and policy frameworks for gambling online and the US Congress, which control commerce between states, has introduced bills to allow online gambling and to impose criminal penalties for people who gamble online. The European Commission, World Trade Organization and the European Commission are also involved in the development of international frameworks for online gambling.
The issue with regulating online gambling on the federal level is the fact that the federal government cannot regulate interstate commerce. Gambling is a local-level business right. The interstate commerce power of the states covers the state’s regulation. This power is conferred at state level, but it is not delegated to federal government.
A quick lookup on Google will reveal that the leading gambling industries in the US include Las Vegas, Macao, Playtech, Commission Lodge, Bingo Palace, Coral Gables, Party Poker, Paradise Poker, Hollywood Casino and Poker Stars, Party Poker and Party Flip. Las Vegas, Macao and Playtech are the most profitable members of the industry. The top five casinos located in Las Vegas are also the most profitable industry members in the world. This makes Las Vegas a very attractive city for offshore gambling operators.
The US President Barak Obama has backed a bill to allow online gambling in the Philippines during the recent Philippine elections. The reason why the US President has backed this legislation is the billions of dollars that the local economy of the Philippines depends on its online gaming industry. While many officials in the Philippines support the idea but the biggest issue is the inability of the national leadership to back it. The bill that is in the forefront is the Bringing Back Gaming Control Act. It is currently being debated in the House of Representatives. The primary idea behind the bill is to tax online gambling and create an official registry of every gaming website. This would require all online casinos to register with the government, and require them to open new accounts in the Philippines.
The House of Representatives may pass the Gaming Control Act to bring back gaming however it is highly unlikely that it will be a law. National politics is blocking casino extra live legislation from becoming a law in the Philippines due to concerns that the bill could impact the Philippine economy. Previous attempts have resulted in major issues such as increasing costs and reducing bizzo casino bonus bez depozytu benefits to Filipinos. However, the House Majority leader has promised that the measure would still be approved by congress.