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Legal online casino gambling is comming to New Jersey
The bill looks likely to receive approval from the governor, which would make New Jersey the first U.S. state to fully legalize online gaming under conventions of current American casino gambling laws. American law currently provides for intrastate casino gambling if properly regulated. California legislators are currently considering such a bill for their state as well, particularly if in the form of an intrastate poker network, which would make it the first place to legally play poker online in the USA.
Those backing the bill have claimed online gambling could make as much as $250 million per year for New Jersey casinos and potentially create over 1,500 jobs. At a tax rate of 20 percent, the Interactive Media Entertainment and Gaming Association (iMEGA) calculates a $47 million and $55 million influx of revenue for the state.
The bill was sponsored by Sen. Ray Lesniak and proposed a business model in which extant licensed casino gambling premises such as Atlantic City’s casinos would choose whether to pay $200,000 for online gaming licensing from the state. Activities of the New Jersey-based online casinos would be regulated by the same commission currently overseeing bricks-and-mortar casinos.
stated iMEGA chairman Joe Brennan, Jr., “New Jersey will be able to position itself as the national and potential global capital of the next gaming industry.”
Rival Gaming to Open New Online Casino for United States Players
The newest casino to be added to their portfolio is Orange Gamez which is offering a 100 per cent match deposit bonus up to $500 on the first deposit. While Players who register before May 2, 2010 stand to win extra prizes of up to $1,000 worth. These include iPhone 3G S, iPod Nano and more.
There are also several bonuses available to regular players. For each friend referred these players can claim a bonus of $5 and by using designated alternative payment options players can earn bonuses of 25 per cent of the deposits up to a limit of $200. In addition weekly and monthly reload bonuses of 33 per cent are up for grabs.
Orange Gamez casino online will also offer a comp points plan. Players earn 2 comp points for $1 played on Slots, i-Slots, Specialty Games and Scratch Cards and earn 1 comp point for $1 played on Table Games and Video Poker.
While there is not a lot of information about Orange Gamez but the casino has all of the usual Rival Gaming casino games, bonuses, promotions, player services, and customer support.
However, while many new casino operators tend to opt for online casino software by Real Time Gaming or Rival Gaming, because they still accept United States players there have been reports that Rival Gaming has been experiencing payment processing problems. These problems are due to its continued acceptance of United States gamers, online gambling is currently outlawed in the United States, and with UIGEA due to come into force on June 1st 2010 the problems could be set to continue.
When in force the UIGEA will stop United States financial institutions, including banks and credit card companies, from sending money to Internet poker sites. The legislation puts the responsibility on the banks to decide what constitutes unlawful Internet gambling and identify the sites that fall in that category. The new legislation might make it harder for sites like Rival Gaming to process payments from players in the United States.
United States' Unlawful Internet Gambling Enforcement Act Delayed
No official comment from U.S. Treasury Secretary Timothy Geithner (pictured at left) or Federal Reserve Chairman Ben Bernanke had been released at press time. Interactive Media Entertainment and Gaming Association Chairman Joe Brennan told PocketFives.com, “I’m surprised because normally it's unusual for the Treasury to do this. Regardless of whether it was the Poker Player Alliance's pressure, the banking business's pressure, or Congressman Barney Frank's pressure, it’s encouraging to see. It's the first time you could say that things have stopped going against the business here in Washington, DC.”
The PPA, the poker business’s main lobbying force, was among several groups that authored letters to Bernanke and Geithner urging that the mandatory compliance date for the UIGEA regulations be pushed back until December 1st, 2010. Others who chimed in included the National Thoroughbred Racing Association, the American Greyhound Track Operators Association, and members of Kentucky’s Congressional delegation, which feared that overblocking of legal online USA casino gaming transactions could stunt online wagering on horse racing. In New Hampshire and North Dakota, overblocking led to denial of legal online lottery purchases.
Sources famed that final confirmation of a six-month postponement had not yet been released. Given the December 1st deadline, Geithner and Bernanke had until next Tuesday to issue a formal statement. On Thursday, residents of the United States will celebrate Thanksgiving, leading to a possible announcement coming on Friday or Monday. No timeline was available at press time.
On Thursday, December 3rd, a hearing at 10:00am ET in Room 2128 of the Rayburn House Office Building will see discussion of HR 2266 and HR 2267. The former postponements the compliance deadline of the UIGEA regulations by one year to December 1st, 2010, although whether it will still be discussed given today’s news of a six-month extension is not yet known. HR 2266 has 53 co-sponsors on both sides of the aisle and is the brainchild of Frank, who introduced the measure in May.
On the same day six months ago, Frank introduced HR 2267, which establishes a full framework for online USA casino gaming companies to solicit U.S. business. HR 2267 is up to 63 co-sponsors and has the full support of business organizations like the PPA. When the UIGEA was approved three years ago, the new law drove some online poker sites out of the market entirely. The publicly traded companies Party Gaming and Sportingbet own the two sites, respectively; both can be found on the London Stock Exchange.
When the six-month extension expires, an option for an additional postponement appears to be part of the plan as well. June 1st will mark the end of six months. Then, the country will be immersed in the 2010 elections, which will take place in November.
Bill Lifting United States Casino Gambling Online Ban Seen Raising $42B In Revenue
The United States’ most influential financial publication, the Wall Street Journal, quoting from the Dow Jones newswire, has published a report stating that the measures in the U.S. Congress “decriminalizing many forms of Internet gambling would raise nearly $42 billion for the United States Treasury over the next decade”.
The analysis comes from the Joint Committee on Taxation, a group that stands independently from any online casino advocacy group. The report states that legalizing Online Casino Gambling “would generate $41.8 billion over 10 years.”
If that doesn’t motivate skeptical U.S. lawmakers, it’s hard to imagine what will.
Rules that would enforce a United States ban on online casino gambling
United States lawmakers have urged regulators to delay by a year financial rules that would enforce the ban on online casino gambling, due to be implemented from the start of December.
Enforcing the rules in two months’ time would put an unreasonable burden on regulators and the financial services industry at a time of economic crisis, stated the lawmakers, in a letter to the Treasury Department and the Federal Reserve.
The bill, which has cost European online casino gambling companies billions of Euros, prevents firms from accepting credit cards, cheques and electronic fund transfer payments in connection with any any "unlawful" online casino gambling.
Congress passed the anti-gambling legislation in 2006, when Republicans still controlled both the House and the Senate. However, the Bill did not define which types of gambling were illegal. The Treasury and Federal Reserve expressed concern a year ago that they were struggling to understand exactly what was unlawful. For example, the bill still allowed online horserace betting permissible under the Interstate Horseracing Act of 1978.
The group, led by Barney Frank, the United States House Financial Services Committee Chairman, stated in a letter that the law enacting the new rules is "flawed" and stated the House is likely to move legislation that would officially delay the rules until December 2010.
"We also believe this is an unreasonable burden on regulators and the financial services industry at a time of economic crisis," the letter signed by 19 lawmakers stated.
New Push for United States Online Casino Gambling Regulation Bill
There are currently three bills in Congress addressing the issue, two in the House of Representatives (introduced by Barney Frank and Jim McDermott) and one in the Senate (introduced by Robert Menendez).
But progress on all three remains slow, as the United States Congress spends its time on admittedly larger issues such as health care and financial reform.
The campaign, formally in support of Frank’s Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267), attempts to re-catch lawmakers’ attention by addressing the fact that the nation stands to take in a lot of revenue if online gambling were to be taxed.
The United States could "collect up to $62.7 billion in new revenues for the federal government in the first decade" of full regulation, the group said in a news release.
"As Congress searches for ways to pay for health care reform and other worthy programs, it should end the unsuccessful prohibition of Internet gambling and start collecting taxes on the billions in revenue currently lost to unlicensed, offshore gambling operators," Jeffrey Sandman, the Safe and Secure Internet Gambling Initiative’s spokesperson, said in the release.
Online Gambling Continues to be Scapegoat in USA
In fact, that’s why the state has mandated that at least $200,000 in lottery proceeds must be dedicated to “the Department of Health for the treatment of compulsive gambling disorder and educational programs related to compulsive and education related to compulsive gambling disorder” each year.
However, according to Arkansas state Lottery Director Ernie Passailaigue (who pulls in an annual salary of $324,000 from the state lottery board), problem gambling isn’t caused by lotteries. It’s caused by Internet gaming.
“If you check with the Department of Alcohol and Other (Drug) Abuse Services (DAODAS) in South Carolina, who administer the gambling program in South Carolina, they’ll tell you most of the problems are Online Gambling,” Passailaigue said in an article posted in the Arkansas News.
But that’s not true, the article goes on to comfirm. Christopher Reid, an employee of South Carolina’s gambling services , said, “We have had some calls that come in in relation to Online Gambling, but not too many.” So what are the problem gaming calls about? “Mainly the lottery,” he said.
Another clear illustration why politicians in the USA may not be ready to legalize online casino gambling: It’s too convenient a scapegoat on which to blame all other problems.
New Online Poker Gambling Bill in United States Senate
"To amend title 31, United States Code, to provide for the licensing by the Secretary of the Treasury of Internet poker and other games that are predominantly of skill, to provide for consumer protections on the Internet, to enforce the tax code, and for other purposes," the bill begins.
The bill would establish a new legal regulatory framework for USA Online Poker, and also put in place certain consumer protections such as age restrictions. Officially entitled S.8309, the Internet Poker and Games of Skill Regulation, Consumer Protection, and Enforcement Act, it was introduced today.
No matter what success this bill meets with, it represents another huge milestone in the nationwide struggle to reclassify poker from gambling to a game of skill. This movement seeks to enable online poker to be not only legalized but also change the way it is regarded in popular culture.
That movement has gained a lot of transaction over the past year, with smaller court victories in states such as Colorado, Pennsylvania, and South Carolina, and with Representative Barney Frank’s recent efforts to legalize and regulate certain sectors of online gambling with his own legislation (which is separate from this bill).
Home to the original UNITED STATES gaming resort destination, Atlantic City, New Jersey has long had its own internal struggles regarding the legality of gaming, and has recently clashed with the federal government on this basis. So it makes sense that the author of this new legislation is is from New Jersey — and a Democrat, the party that is apparently more open to the idea of fully legalized online gambling. (Although it technically has bipartisan support, the vast majority of supporters of Barney Frank’s recent pro-Internet gambling efforts have been Democrats.)
Online Gambling Sites For US Casino Players
Since the ban came into effect millions of Americans continue to gamble online, many of which are unaware that it is still legal to gamble. after all the media frenzy surrounding the IGEA being voted into law, and the high profile stopage of payment processing from some of the major payment processing companies.
The IGEA made it illegal for financial institutions to conduct financial transactions with gaming sites but it is very easy of US online casino players to pass this restriction by using the services of an online payment processor, which works in the same way as moneybookers, or neteller but still accepts gambling transactions from American gamblers.
By using the services of online wallets and other payment processors, such as and eWallet Xpress and ePassporte, Americans are making a come back to play at their favorite online casinos that still accept US casino players. Many old and new casinos stayed open for the US market, and have gained a large players base in the process.
You may find the largest list of online casinos that accept players from the USA, special bonus offers, , and full details and instructions on how to deposit money on each site from online-casinos-usa.com and uscasinos.blogspot.com today. The sites are updated at least every week with the latest news and developments in the fight against the UIGEA.
With new laws calling for the regulation of online gambling in the USA it seems that soon enough the UIGEA will be placed to the side as a useless uninforcable legislation.
Until then you may find all the information you need to find the best USA online casinos at online-casinos-usa.com.
Legistlation to Legalize US Online Casino Gambling
The study, carried out by the independent business services group PricewaterhouseCoopers, revealed that the US could gain between $8.7 billion and $42.8 billion in federal tax revenues over the first ten years of a regulation and licensing of US online Casinos and was handed to all members of Congress by Representative Jim McDermott.McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act (H.R. 2607), which seeks to tax regulated Internet gambling.
Altough the Anti Internet Gambling act was introduced a yera ago, millions of American online casino players are still gambling online. In addition, proposed rules by the Treasury Department to implement the current prohibitions have been severely criticised by financial establishments such as the American Bankers Association, Credit Union National Association, Financial Services Roundtable, and other countries with which the US has long trerm trade agreements with.
McDermott's legislation functions as a companion bill to the Internet Gambling Regulation and Enforcement Act (H.R. 2046), legislation introduced by Congressman Barney Frank (D-MA) which would establish a licensing and enforcement framework for regulated Internet gambling in the U.S. The legislation will give States full control over the regulation of Internet gambling, applying additional taxes, protections and limitations.
Legistlation for Legalizing Online Casinos in the U.S.
Representative Jim McDermott, a Democrat from Washington, has introduced a bill to tax online gambling and establish regulations regarding the conduct of USA online casinos and gambling sites. McDermott is prepared to accept the reality that online gambling can not be stopped nor prevented by passing laws, as Congress attempted to do in recent years.
Financial projections by by Price Waterhouse, McDermott claimed that proper taxation and control of online casinos would generate the US government revenues ranging from $8.2 - $42.8 billion over the next ten years. Ignoring such a source of income while the nation is at war and facing hard economic times would be extremely harmfull to the US governmet.
The government has previously tried to stop the USA online gambling business by legistlating the Unlawful Internet Gambling Enforcement Act, which was suppose to prevent funds transfer from financial institutions in the USA to online casino websites. So far this piece of legistlation has failed from stopping millions of US online casino players from finding new ways to fund their online gaming accounts, and has caused a huge protest by international trade partners of the USA who claimed that this is a breach of trade agreements the US is signed on.
The bill has been introduces as a complement to the Internet Gambling Regulation and Enforcement Act by Representative Barney Frank's bill, which is suppose to allow each state to tax and limit online gambling revenues.
US Online Casino Players Still Playing
Not much has changed since the passage of the Unlawful Internet Gambling Enforcement Act According to reports generated from sites that aid American casino players to continue gambling online.Many online casinos continue to accept American gamblers.
Most of the major players in the online casino industry are still accepting US players. For all intents and purposes,as it seems, it's still legal for US citizens to gamble online, as long as theyfind a processot ar a virtual wallet to place funds into their casino account.
Online-casinos-usa.com is leading the way in instructing US citizens on how to carry on playing online in the form of help with understanding the law and providing lists, reviews and special bonus offers from all online casinos that still accept US casino players.
Although many American gamblers have moved back to playing at the online casinos, the sites state that few are still hesitant as they are not sure whether or not they are liable to be prosecuted.
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