Sunday, February 5th, 2012

Online Casino Jackpots Affected by UIGEA

Published on December 2, 2006 by admin   ·   No Comments

The Unlawful Internet Gambling Enforcement Act has had a serious impact on the entire online casino industry. A sector of the online casino market that is getting hit especially hard has to do with progressive jackpots. These jackpots – which do not stop growing until the major prize is reached – are loved by online casinos players. But the recent anti-gambling law will have a strong impact on the growth rate of these jackpots, particularly in online gambling sites that have closed their virtual doors to the US market.

This will prove a serious problem for online casino players all over the world. Today, under the current law, Americans are forbidden to play at online casino sites and have money transactions with financial banking companies. This market is off the table regarding online casinos jackpots. But for players around the globe who can still play legally, the jackpots will not grow as quickly or as much. Players will have less of an incentive to try their hand at winning major money.

The only benefit regarding this law and the entire situation is that an online casino player living in a country outside the US has a better chance of winning a record-breaking progressive jackpot. American online casino fans will have a tough time dealing with the fact that online gambling fans all over the world have this industry available to them within the confines of the law. Only time will tell if America will one day join the rest of the world and play at online casinos legally.

  Site Bonus
1 Casino.com $3200 Play Now
2 EuroGrand €/£/$1000 Play Now
3 William Hill €/£/$300 Play Now
4 21nova €/$320 Play Now
5 EU Casino €1000 Play Now
6 Winner $1000 Play Now
7 Europa €/£/$2400 Play Now
8 Del Rio €/£/$600 Play Now
9 888 €900 Play Now
10 Prestige €/$1500 Play Now

MORE LAW NEWS

Revising outdated laws and regulating online casinos are part Ireland’s motivation to publish new gambling laws next year

Next Year Ireland Will Present New Online Gambling Laws

Ireland’s Minister for Justice Alan Shatter has said one reason for the move to regulate online casinos is ...
The German state of Schleswig-Holstein legalizes online gaming, despite resistance from the National government to protect its state monopoly.

Regional state in Germany legalizes online gaming

Schleswig-Holstein became the first of Germany’s regional states to introduce legislation that will see online gaming become a ...
The State of New York is looking at allowing casino table games, such as blackjack and poker, in states’ casinos

New York State contemplating expanding casino offerings

Lawmakers in Albany, the capital of New York, are deliberating whether to allow table games in places ...
The European Gaming and Betting Association has submitted its official response to the publication of the EC’s Green Paper.

EGBA Publishes New Document in Response to Green Paper

The European Gaming and Betting Association (EGBA) has submitted a new report concerning online regulation in the European ...