To follow up on our recent blog about Nevada’s historic bill that legalized online gambling, here are some answers to the questions you’ve been asking.
- The bill is exclusively about poker, not sports gambling or any other gaming, which is clearly still against federal law.
- The rules and regulations concerning how interstate agreements would be constructed still need to be worked out, but the people behind the scenes of this bill have been researching how this is done overseas for the past five years.
- There are several states already considering their own proposals, with most believing that New Jersey will be the next state likely to pass a bill similar to Nevada’s.
- Among the issues Nevada, and other states that follow their lead will have to contend with, are a slew of regulations, like how to deal with identity theft, fraud protection and age verification.
The big push to legalize online gambling is, of course, all about money. Nevada can expect to see millions of dollars in licensing and other fees come into its state coffers. It’s hard to imagine that other states won’t want to see the same kinds of revenue being added to their own bank accounts, if they can get a similar bill through their own legislatures.
Once again, personally, I believe this will be a win win for everyone and I can’t wait. I’m already sitting at the poker tables patiently waiting for the flop.