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Archive for the ‘Online gambling in the United States’ Category
The FBI has shut down Full Tilt Poker, PokerStars, UltimateBet, and Absolute Poker. Visitors are shown a message saying, “This domain name has been seized by the F.B.I. pursuant to an Arrest Warrant.”. (Read the full article at the LA Times.)
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You may be surprised to learn that most online bingo halls are adding slot machines, video poker, and even some table games like blackjack. This is good news for online players, since online bingo rooms have typically been flying under the radar of UIGEA enforcement. For a variety of reasons, online bingo rooms have a higher credit card deposit acceptance rate than online casinos and online poker rooms; this makes it easier for players to get into the game and have some fun.
Not only are online bingo halls adding non-bingo games, the payback on some of these games is the best you’ll find at any online property. For example, Bingo Entertainment Network sites offer a 99.54% payback on Jacks or Better video poker; you’ll not find a better payback online than this!
Here are some good picks for online bingo halls on the Bingo Entertainment Network, all of which accept players from all 50 states.
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As reported in yesterday’s The Wall Street Journal, the House Financial Services Committee voted 41-22 to approve legislation that would regulate many forms of online gambling, including poker and bingo, while specifically banning betting on major US sports leagues like the MLB, NFL, NBA, and others.
Other news articles point out that the legislation also would deny licenses to any online site that has allowed, or currently does allow, US players to gamble online. Looking ahead, this would appear to effect PokerStars, FullTilt, and other online poker rooms that have continued to serve US players despite the UIGEA of 2006.
Other key elements of the legislation include player loss limits, rigorous age verification systems and frequent testing thereof, and allowing states to opt out of this legislation and ban its citizens from online gambling.
And the legislation that was passed does not cover how the industry is to be taxed — that’s covered in a separate bill that hasn’t made it out of the House Ways and Means Committee.
It is unlikely that this legislation will be voted on before the current Congressional Session expires in September. The scheduling is simply too tight. If it is not voted on, the process will need to start again next session. Perhaps it will be attached to some other legislation, as was the UIGEA of 2006. Even so, if the legislation is approved, it still would need to be signed by Obama.
We are still years away from any comprehensive online gambling policy in the United States. Need proof? The UIGEA of 2006 took nearly 4 years before it actually went into effect this past June 1 — and there are still plenty of loopholes in that legislation that allow US players to fund and withdraw money from their online gambling accounts… or so I’ve heard.
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The Poker Player’s Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, seeks to raise additional funds leading up to a crucial vote this summer on legislation to license and regulate online poker. On July 1, their goal is to raise $50K.
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