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Online Casino Gambling Law Could be Doomed

Although 115 members of the US Congress support a wide range of religious, conservative, and anti-gambling groups, the recently proposed US federal law forbidding online gambling could crash and burn according to an online casino gambling industry researcher. Even if the law passes, it may have little influence over current status of online casino gambling in the United States. This said by Christopher Costigan, president of Gambling 911, an online casinos gambling site.

Operators in the online casino industry are definitely speaking their minds. ‘This law has been kicking around for years,’ said Costigan. ‘This law makes it more difficult for banks to accept credit cards for online gambling purposes, but the Patriot Act has already done that. The online gambling firms are using overseas banks for these purposes.’ Costigan seriously doubts the legislation will be passed. He feels that the supporters of the actual anti-gambling bill will actually be the cause of its demise, not its opponents’ actions. According to Costigan, the conservative and religious groups, such as the Christian Coalition, the National Coalition against Gambling Expansion, and the Family Research Council, will cause the bill to fail. This comes as hope to many online casino operators. And if it proves true, many online casino players will also rejoice.

What the eventual outcome will be regarding online casino legislation in the states is very unclear. It seems there will always be parties for and against the legalization and regulation of online casino sites within US borders, which have already been overcome in other parts of the world like in the UK and Asia. In the meantime, the battles within the halls of Congress will continue regarding online casino sites, as the world, and online gambling fans, wait for a final verdict.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.