HR 6663 and the Current Online Gambling USA Regulation Status

After the unfortunate demise of bill HR 5767 from Barney Frank, a series of interesting events have swamped the USA online gambling situation. Several gaming giants such as the “Party” brand started to complain to the US government about the UIGEA (Unlawful Internet Gaming Enforcement Act). After this, the EU placed formal complaints to the USA regarding this same issue stating that making online gambling 918kiss illegal in the US and having the IRS going after offshore betting company revenues was illegal under the current trade law (WTO agreements).

The Online Gaming Industry In 2021 - Pinnacle Marketing

The pressure has been so strong on the government that even several congressmen have asked the IRS not to pursue these gaming operators such as Bodog which was recently on the news regarding an IRS conflict. Bill HR 6663 was introduced in order to help regulate this UIGEA enforcement, but there are several complaints as this bill is not as effective as the previous one (5767) according to the poker players alliance. It does not clearly decriminalize and make the government regulate the operation instead of stopping it completely as the previous one.

Congress has even come up with bills such as the Internet Study Gambling Act where government points out the positive and negative aspects of the industry in an attempt to effectively come up with a solution to this problem. This however will only begin to be studied in after the August break, in September. The fact of the matter remains that the Las Vegas lobby group urges its congressmen to make its clientele physically go and play at the Nevada based casinos rather than pay online with the European competition, and this is a major force in keeping the UIGEA bill current.

September will definitely play a part in the online gambling saga within the USA as congress comes back from the break and starts to deal with the EU, the WTO, the IRS, and the gambling study bill as well as HR 6663. What remains to be seen is if the government will actually change its laws or remain with this conflict for an even further period of time.

It is the personal view of the author of this article that the United States must lift the current UIGEA bill and make it obsolete, let competition come into the online gambling scene as well as provide local subsidies for US based brick and mortar casinos to compete online and then create an effective way to regulate the business in order to stop money laundering and make a huge profit out of the operations, as HR 5767 clearly stated that the government will outstandingly profit from this industry in the long term. It seems almost absurd that the government imposes how their citizens can use their personal income. If continents like Europe have been successfully controlling the industry for decades, why can’t the USA do the same?

Gambling online can be fun and exciting for any level of player, from beginners on up to the high stakes roller. However, there can be a bit of a fear factor when you first start out, since the whole process of finding a reputable casino is new to you. Following a simple three step process should help you to find that “just right” casino and build the trust that you will need to really enjoy playing.

The process is to simply start out playing with “play money”, then go on to the low-limit cash games. Once you are comfortable with the casino, then you can start increasing your wagers. Just remember, never risk more than you can afford to lose! It is so easy to get caught up in the moment and forget that you are playing with real money. This puts you at risk of running up your credit card bills and spending more than you planned. I’ve said this before and I will say it again – Set a limit before you start to play and then stick to it!

Once you find a good reputable casino, then you will feel comfortable with the monetary transactions. This level of trust will enable you to sit back and enjoy the game of your choice, knowing that you will have a fair chance of winning. With the number of online casinos that are popping up every day, it pays to do your homework before you make any significant investments.

There are some things to think about when you are doing your research that will help to narrow down the list of eligible casinos and then find the casino that can meet your needs and play-style. Are the dealers live or computer generated? What are the deposit and withdrawal procedures? What kind of bonuses or promotions are offered, and what is the play-through requirement? Is there a limit on these, or are they considered unlimited? What are the terms and conditions (ie the small print)? Are there any withdrawal limits on the amount that you can take out of your account? What are the casino “rules of play” for the game of your choice? Is this casino reputable? Does it have a history of paying out correctly and in a timely manner?

Although this sounds like a lot of information, you can easily find good solid websites that have done the homework for you. They can give you the help that you need to get started and some sound advise along the way. Just take a look around and you will be amazed at the information that is available to you. There are websites that specialize in different games, like blackjack, roulette, poker, sports betting, and slots. There are websites that list hundreds of potential casinos, along with reviews from satisfied or dissatisfied players. There are websites that can walk you through the whole process, or for the more experienced players, simply give you the bonus and high roller information that you are seeking. Just take some time, do your research, and then kick back and have some fun! Good luck to you!

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