The Legal Status of Online Gambling in the United States
Credit card transactions at online gambling sites are processed using online payment providers like Neteller and PayPal. These payment providers have computers that can process financial transactions and a coding system to ensure security. To access an online gambling site, a consumer must enter a special two-part code that tells the issuer what the business is. If the site does not accept this code, the cardholder is not authorized to use the website. However, many credit card associations have declined to process credit card transactions at online gambling sites, citing security concerns.
The legal status of online gambling is murky at best in the United States. While the Federal Wire Act bans sports betting on telephone-like devices, most leading US gambling sites are offshore. Moreover, the laws regarding online gambling vary from state to state. As a result, the legal status of gambling is still not clear. Despite the ambiguous legal status, US residents should be aware that online gambling is completely legal in 48 states, including Washington D.C.
In 2005, sports book betting accounted for one-third of Internet gambling revenues, totaling $4 billion. Besides sports book betting, online poker generated 18 percent of the total online gambling market. Online poker is growing at a faster pace than other forms of gambling. In 2000, PartyPoker generated $82 million in revenue. And online gambling is only expected to grow exponentially in the years to come. If you are interested in gambling, give it a try.
Gambling is a dangerous activity and there is no way to guarantee safety. Whether you’re playing for fun, or to win real money, there’s a chance that you’ll get addicted. There are many online gambling resources available for people to help them stay safe. Victim support organizations offer free support and help if needed. The following are some of the resources you can use to help with your problem. You might be surprised at what you learn!
The United States has recently been hit by a federal case over online gambling. Duane Pede and Jeff D’Ambrosia, the founders of three of the largest online poker sites, have been arrested. The charges involve violations of the Unlawful Internet Gambling Enforcement Act and bank fraud. Both D’Ambrosia and Pede have pleaded guilty to these charges. However, they still refuse to change their stance.
Gambling sites also offer free play for those who wish to learn more about the different games and strategies. Most online casinos will offer play for fun games before you choose to gamble with real money. Play for fun games have bigger payouts than real money. Before you play for real money, check to see if the site contains the padlock symbol. The symbol is not always displayed on the page itself, but it should be on the URL. The web address should start with ‘https://’, which indicates a secure site.
While online gambling is legal in many countries, it has certain regulations and restrictions. Those living in countries where gambling is illegal may be prohibited should seek legal counsel before entering an online casino. For example, if you live in the UK, gambling online is illegal if you are under the age of majority. In the US, gambling is strictly forbidden for people under the age of 18.