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Online Casino Jackpots Affected by UIGEA

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.

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.