While most of the world relishes in the Online Poker playing for Real Money still some parts of the US are without access to Real Money poker playing. While there are casinos all throughout the U.S. which consist of huge mega-structures as big as two decker malls with giant 40 story hotels sticking out of them only one state, the state of New Jersey currently allows online poker playing for Real Money. Even the Gambling Capital of the USA, Las Vegas does not allow Real Money online gambling. This is a win/loose for the US in the gambling market and lost revenue for many states.
With the start of the outlaw of Online Gambling for Real Money in 2002 by the Federal Department of Justice who said the Federal Wire Act (telecommunications, initially phone) covers both games of chance and sports betting as forms of gambling. It was not until 2006 when both the House of Representatives and Senate passed the Unlawful Internet Gambling Enforcement Act of 2006 and the FBI started taking down Real Money sites. This specific law stopped the transaction of Banks and Online Gambling sites from being able to transact money. The U.S. National Football League (sports betting) supported this measure but the banks were against it.
Many poker sites simply stopped or closed down. The ones who stopped only offered play money to U.S. customers but offered real money to other nation states. Some companies have been caught trying to skirt the law by disguising online gambling payments as purchases of merchandise, and by investing money in a local bank in return for the bank’s willingness to proceed with online poker transactions.
Since 2006 many states have tried to pass regulations but failed including in 2007, 2009 and finally a break through in 2010.
In June 2009, the U.S. Department of Justice seized over $34 million belonging to over 27,000 accounts in the Southern District of New York Action Against Online Poker Players. A first since it was players playing something that was legal and available at the time.
But it was not until November 22, 2010, the New Jersey state Senate became the first such U.S. body to pass a bill expressly legalizing certain forms of online gambling. It had to be IP address in the state and it had to be the “Online Casinos” servers in the state.
The state of Louisiana actually has a specific law prohibiting online gambling, it is one of the few states. But it remains that with the exception of New Jersey Real Money Online gambling is still illegal. This currently hurts gamers and those wishing to play Online Games of chance. If you would like to help the fight to get Online Gambling legalized in your state you should contact your state and local representatives and voice your opinion.
In 2016 we should not have our freedoms taken away this was a missed opportunity. In the upcoming few years it will be a lot harder to win at online games of chance and skill. With the addition of updated technology and algorithms as well as Artificial Intelligence, online winning will become harder and harder if not an impossible endeavor to partake. I believe by the year 2020 Online Real Money Poker playing will be nearly obsolete. It is unfortunate.