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Will Online Betting Sites Ever Come Online?
Will Online Betting Sites Ever Come Online?
Online betting is any form of betting conducted over the internet. This includes sports betting, online casinos and virtual poker. In 1994, the first online betting venue opened for the public, was ticket selling at the then newly constructed Liechtenstein International Poker Cafe. Today, there are literally hundreds of online betting venues available from which to choose. These venues operate in many different countries around the world.
One of the most popular online betting venues in the United States is the Golden Casino in Las Vegas, Nevada. Many people visit Las Vegas each year to enjoy the amazing casino attractions. However, many do not realize that there is a legal alternative to playing at the casinos at the Las Vegas Strip. The online gaming world has spawned new businesses in Nevada that allow individuals to use their computers and internet connection to place bets on local or international sports events or casinos.
Already there are over one hundred online betting sites registered with the Commission on Sport Betting Issues. According to the official website, there are plans to further expand and enhance online betting in Nevada, including a potential implementation of a state sponsored lottery online. While the proposal does not include a full-fledged sports betting bill, it may provide an improvement to existing laws. For example, online betting is already illegal in twelve states, while three more states have pending bills. If online betting were legalized, it would make it easier for Las Vegasans to participate in their favorite sports events.
Several countries across the world have taken an interest in online sports betting over the last few years. First Bankruptcy Sports, which is based in New York, recently launched an application for the State of New York that allows betting on professional and college athletic events. The application will eventually launch in other states. This could be the first step towards allowing bettors across all fifty states to place bets on professional sporting events.
As more bettors become interested in placing prop bets on major sporting events, more sports betting sites will begin offering these types of transactions. However, since only a small percentage of bettors use these types of sites, and they are not regulated by independent government bodies, it is unclear how widespread the use of this service will become over time. Many companies have expressed interest in providing this service to interested customers, but they have not made concrete plans. Prop betters need to become savvy about the differences in regulation among states and the fact that there is no guarantee of security from third parties. The lack of information makes conducting prop bets on a reliable level more difficult.
With so many different jurisdictions coming online one has to be careful about the jurisdictions that are actually legal. Only a few states have passed laws that regulate sportsbooks. In some cases there are no laws at all regarding sportsbooks, which makes customers highly vulnerable to fraudulent activities and cheating. In other states, it is still very much up in the air whether a sportsbook will provide legal account management services. If you are interested in placing bets on a sportsbook, it is a good idea to do your homework on the different legalities surrounding each one.