Online gambling opponents quickly point to the lack of regulations as a reason to why online gambling prohibition should remain in place in the US. A recent bust involving counterfeit $100 bills at a US casino, and several underage gambling fines have shown that regulations are tough regardless of whether gambling takes place online or in a land-based casino.
Carlos E. Morales was charged on Saturday with first-degree forgery after state police found $1,000 in fake $100 bills on Morales. The gambler had tried to use the counterfeit money at the Mohegan Sun Casino, and authorities were alerted. Soon after, Morales was arrested.
This past week in New Jersey, gaming regulators fined Bally’s for allowing underage gambling on the casino floor back in the summer of 2009. It is one of dozens of fines that have been handed down to land-based casinos in the US over the past year.
The biggest argument against online gambling regulations is that it will be impossible to police. There are those, however, that believe the contrary to be true, that online sites would have to follow even stricter rules than their land-based partners in the gaming industry.
“The online gaming industry in Europe and in other areas of the world is regulated far stronger than land-based casinos,” said Gaming Analyst Steve Schwartz. “being that it is a relatively new industry, the government’s have been sure to make it as tough as possible on the sites to ensure that gamblers are protected. With land-based casinos, they can get away with a lot more than the online casinos.”
Part of gaining an online license is proving that the technology is in place to keep underage gamblers from accessing the sites. In addition, betting limits must be set in many jurisdictions when it comes to gamblers. At land-based casinos, neither of these safeguards are in place, although some states have started to look into technology that allows for slot machine betting limits.
The bust at the Mohegan Sun and the fine for Bally’s shows that lawmakers are simply using the lack of regulation argument as a crutch to hold online gambling prohibition in place a while longer. Fortunately, legislators at a federal and state level are starting to see through the smoke and mirrors.