Online betting is any type of betting conducted online. This includes sports betting, online casinos and poker. The first online betting venue open to the public, was ticketing at the Liechtenstein International Casino in October 1994. Today there are hundreds of sites offering betting services all around the world.
The biggest difference between traditional gambling and betting over the Internet is the fact that a third party – usually an individual or a company – holds the real money or the gaming winnings. This is not only different from traditional gaming where the house always wins, but also different from tribal gaming where the winners are given land or other gifts rather than cash. Traditional gaming takes place in casinos or tribal gaming centers where the winners usually get “tickets” that they can carry with them as they play the game.
In the US, the Gambling Control Act ofatana ( Blazing Pizza) legalized gambling in states throughout the US including Delaware, Nevada, New Jersey, and California. This act legalized online sports betting in the United States. However, it was later changed when the Gaming Commission of United States proposed to legalize online betting and placed the safeguards in place. They placed age limits on wagering and mandated that licensed establishments provide proper identification to customers and that all wagers be insured. Today the Gambling Commission has proposed yet another bill which would allow state laws on gambling and online betting to override the laws of the United States Congress.
Because of the political influence of powerful special interest groups, which have strong ties to elected officials, this effort to make online betting legal in the US has been met with resistance from both chambers of the legislature. For example, Sen. John McCain (R AZ) spoke out against the idea saying that he thought it was a bad idea and that it would fail. Majority Leader Harry Reid (D NV) and Minority Leader Harry Reid (D NV) also oppose the idea. There are still many K8pro members of congress who are undecided on whether or not they will support the effort to make legal wagering in the US. To date, no member of Congress has announced support for the proposition. However, the Congressional super committee is expected to convene soon and the outcome of the hearings could change the landscape of the congressional race.
It is highly unlikely that online sports betting sites will have a profound effect on any political campaign. Nevertheless, members of Congress are pressured by constituents and conservative outside interests to support the efforts of the sport betting industry. The problem is that members of Congress do not always understand the implications of the actions they are taking. For example, if a politician promises to crack down on online gambling, but takes an interest in promoting a high-paying sportsbook, there may be some backlash. However, most members of Congress have voted repeatedly in favor of legalized gambling, and it is likely that members will continue to support legalized sportsbooks.
One possible future timeline for the online betting bill is the 2021 election. Many speculate that Vice President Biden may seek to position himself as a champion of the new legislation. If so, the opposing party will likely use the same platform to attack the potential candidate. It is also possible that President Obama may seek to position himself as a champion of the new legislation if he secures theosition of Senator Hillary Clinton. Regardless of what happens, it appears that the online betting bill will move forward at a steady pace in the next few years, likely securing its passage during the tenure of President Obama.