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Gambling regulations vary across jurisdictions |
Online casinos and online gambling
fall into a legal grey area: the internet is universal, but the
legality of the action depends very much on where you are based.
The first fully functional gambling
software was developed by a company based on the Isle of Man –
Microgaming and was secured with software developed by an online
security software company which led to safe transactions. This
progress gave birth to the first wave of online casinos in 1994.
Fast forward 20 years and any gambling
opportunity you can think of has its home on the internet. But that
doesn’t mean the legalities have caught up. Instead, gambling
online still falls into a legal grey area.
Technically, it is illegal in most of
the United States, but this has not been something easy to police as
perpetrators are in their own homes. Greater pressure has been put on
the casinos. It is illegal for a gambling website to operate within
the US. But there are around 70 other countries around the world that
do allow gambling sites to operate including Australia, New Zealand,
South Korea, Denmark, Finland, France, Germany, and some provinces of
Canada. Each of these countries has its own laws and tax structures
regulating the casinos.
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Gamblers risk losing winnings and incurring losses online |
Internet gambling is on the rise and
pressure is increasing to legalize online gambling in the States.
However, there is huge concern from traditional casinos that they
will lose out on revenue. But there are tax benefits for the states.
According to the LA times, Nevada began offering online poker in
April last year, New Jersey launched online poker and other games
including slot machine-like gaming in late November, and Delaware a
full suite of games in early November.
All casinos have strict entry policies
– including those online. All casinos require registration and
require the player to agree to the terms and conditions. Basically
the legality becomes your responsibility. It is the players’ job to
find out whether they are legally allowed to play in their location.
Should authorities discover you have won money, this can be
forfeited. All three American states use technological means to
ensure that players are physically located within the state lines.
But to complicate matters, while the
foreign casino being played in an American State is technically
breaking US law, the US does not have any authority to prosecute the
company as it is in another country. The nature of the World Wide Web
makes this issue incredibly murky. As such, players are rarely
prosecuted. But they also have less protection in claiming their
earnings.
The likes of www.jackpotjoycasino.com , a British based casino, falls under
the jurisdiction of Gibraltar and is operated by the Malta Lotteries and Gaming Authority. A reputable website will have
links and information to its legal side, support and will offer
assistance should you need it like www.gambleaware.co.uk
Many of the 70 countries where online
gambling is legal have specific guidelines. Australian and Finnish
online casinos are known for adhering to national standards.
Australia in particular was way ahead of the game when in 2001 passed
the Interactive Gambling Act. Some countries have yet to set finalize
regulations. South Africa, for examples, is losing out on an
estimated $11.7 million in tax from not have regulations for online
casinos. South African gamblers who explore international online
gambling options do so at their own risk.
It makes sense for all involved to have
regulations. Due to the ubiquitous nature of the internet, it is not
practical to police those gambling at home. These people are not
protected by the law either. But they could be raising necessary tax
for the state they are in. Between April 2010 and March 2011, online
gambling, which is regulated by the UK Gambling Commission yielded
£660.74 million, a 5% increase on the previous year. The British
regulated online gambling sector was worth a 12% market share of the
British regulated gambling industry within the same time
period. While these stats would scare many traditional casino
owners, the UK market did not necessarily see a drop in people going
to traditional casinos, just overall growth.
So, online gambling does have its
benefits.
Image licenses: © Ralf Roletschek - Fahrradtechnik und Fotografie, GFDL, CC BY-SA 3.0; 2. Ibid.
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