Americans & Online Casinos - A Tale Of Forbidden Love?

When online casino gambling hit big – it really opened up a lucrative market. Interestingly enough this multi-million dollar market was fueled mainly by American gamblers. In fact, nearly 50% of the industry profits came from the United States. Naturally, when the U.S. government discovered that so much money was flowing out of their country they did their best to clamp down on online casino gambling in the U.S.A.

The U.S. government introduced the Unlawful Internet Gambling Enforcement Act of 2006. The Bush Administration tacked the legislation on at the end of an already-approved port security bill so that the UIGEA was voted on without ever having been debated. The legislation basically prohibited financial institutions and credit card companies from processing transactions to and from online casinos. Despite the banks not having any infrastructure set up to deliver on such a demand the government insisted that they find a way around it. The result has turned out to be a fiasco for the U.S. given the legislation’s vague wording, which has resulted in it being very hard to enforce and has also resulted in anger towards the U.S. for what is seen as protectionism across the globe.

However, despite the government’s best efforts online casinos are still offering USA citizens the option of gambling through the internet. Online casino gambling is one of the world’s fastest growing industries. It is now raking in billions of dollars annually while former gambling Meccas such as Las Vegas are seeing steady drops in their gambling revenues. Obviously, online casino gambling USA is here to stay whether the government approves of it or not.

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