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Keeping Online Gambling Money in the United States
While bricks and mortar gaming remains the bedrock of Las Vegas' revenue stream, moves are afoot to power into the online gaming realm. Online gambling - while illegal in the United States - is responsible for mega-billions of dollars in takings each and every year.
The United States provides a hefty chunk of this revenue to overseas online casinos and now Las Vegas casinos want to keep the money at home.
United States Online Gambling
New Jersey remains at the forefront of these initiatives with a series of moves to try and get their governor to sign into law the intrastate online gambling bill. But it's not NJ alone who is determined to see this through - it's Nevada that's starting to make some noise now.
Federal law disallows online betting to residents outside of Nevada but there is an established framework in place to allow for this to take place. Nevada is charging some $500k for the license fee and an annual $250k in renewal fees. Although NJ Governor Christie nixed legislation to allow Internet Gambling, the Senate voted 32-2 in favour of legalizing blackjack, online poker and other casino games.
The Assembly voted 63-11 in favour too. In spite of Christie's objections, the legislation remains a viable option for people within NJ's borders.
Nevada Leads the way
In late 2010, Nevada developed smart phone betting applications to allow all residents of the state to place sports wagers while they're within state lines. The system allows for instant verification of where the bettor is at the time that the bet is placed. This is all done via mobile phone.
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