The Effects of Online Gambling on the Casino Industry
The internet has become an integral part of our everyday lives, and online gambling has grown exponentially. However, some argue that it will never replace the experience of a casino. These old souls argue that a casino experience is timeless and cannot be replaced by new technologies. This paper explores the effects of online gambling on the casino industry.
While there is no single federal law regarding Internet gambling, federal authorities have asserted broad powers to enforce the rules in many states. For example, federal authorities may prosecute Internet gambling if it relates to the sale of alcohol. However, state officials have expressed concern that the Internet may be abused to bring illegal gambling into their jurisdictions.
There are many ways to break the law when it comes to internet gambling. Internet gambling can involve wagering on sporting events and contests that are not legal in your state. The Wire Act can be used to prohibit illegal Internet gambling. Additionally, under the Travel Act, betting on interstate commerce is unlawful. Further, Internet gambling can also implicate the Racketeer Influenced and Corrupt Organizations (RICO) Act.
While internet gambling may not be legal in the United States, the Department of Justice maintains that all online gambling is illegal in the United States. However, this argument is not supported by all sources, as the U.S. House of Representatives Committee on the Judiciary recently held a hearing on internet wagering policies.