The state of Nevada is the home of beautiful desert terrain, brothels and most notably, Las Vegas, now referred to by many as Sin City. It is no secret that Nevada has become synonymous with gambling over the years. With so many casinos and gambling establishments in the area, the prevalence of online gambling has sparked major competition on a state wide level. And while you could say there is really no point in playing from your computer when you could easily venture to vibrant venues offering free alcohol and casino games galore, online gambling has managed to make its way into the homes of thousands of Nevada residents. The more than one hundred sportsbooks and casinos may not like it but up to this point, they, like much of the rest of the world, have been powerless to stop it. However, there are a few reasons why online gambling has still yet to explode as fast as eager players in Nevada would like.
Problems with Regulation
You might be surprised at the support internet gambling has garnered in recent times. Several local governments are taking a closer look at existing laws while even some officials on the federal level are openly exploring ways to effectively regulate the industry. In the state of Nevada, regulation and full legalization all rests on the shoulders of the Gaming Control Board and Gaming Commission, the two entities that would be responsible for adopting and enforcing the new provisions. Unfortunately, there are currently three major roadblocks within the existing state legislation that might cause problems.
1.) The first hurdle is the United States Department of Justice, an agency that would need to give Nevada regulators the green light and also one that is adamantly against online gambling.
2.) Second and very important, regulators would have to ensure virtual gambling technology that provides a reasonable level of protection to prevent minors from participating or stop online gambling in locations where the act is illegal.
3. Finally, regulators would have to make sure that internet gambling is consistent with the state’s public policy of maintaining the stability and success of Nevada gaming. This is perhaps the biggest concern of all.
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In 2001, a Nevada law was passed that authorized the state to at least explore the possibility of online gambling regulation. Now however, it looks as if legislators are holding back and observing the action of their neighbors.
America’s Online Gambling Capital?
California, the most popular state in the country and home to one of the world’s biggest regional economies, is currently lobbying strong for the regulation of online gambling. The state is trying to leverage a sizable loophole in the UIGEA that will allow internet wagering to be legislated and fully regulated. Due to its aggressiveness, many experts are predicting that California will eventually hold the title of America’s online gambling capital while Nevada sits back and watches. There is a lot of tax revenue to be generated so if California succeeds, others will likely follow suit.
