Online Gambling Provides Higher Rates of Return

Your best bet for casino gambling is playing online. Online Casinos offer better than Vegas odds, deposit matches, convenience and a wider variety of games JOKER123 . There is a high level of competition between these casinos because of the ease of moving between them. They are competing not only with each other, but with land based casinos. Online casinos do not have the large overhead of land based casinos and this savings is passed on to the player.

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Online casinos do not have the expenses of traditional casinos. Lavish Vegas casinos with neon lights, multimillion dollar lobbies and dancing fountains are nice, but someone has to pay for them. Cyber casinos look like small office buildings with 10 or 12 employees. Their largest expenses are licensing the casino software and monitoring for fraudulent activities.

Traditional casinos will raise table minimums and offer fewer high paying slot machines during peak hours. There is limited competition and they have a captive audience. If the number of players looking for lower limit tables and higher paying slot machines became great enough a new casino would eventually fill this need. This is the law of supply and demand. In cyberspace this luxury does not exist. The ease of opening a new online casino to fill a void makes this practice impossible.

In 2002, the United States Court of Appeals decided that the Federal Wire Act applies only to online sports betting and not to games of chance. This legalized online casino gambling for US players. However, it did not make it legal to open an online casino inside the United States. It is very difficult to collect taxes on winnings from online casinos, because they are based outside of the United States. They do not report winnings to the IRS and this has become a point of contention with both opponents and proponents of allowing US casinos to open online casinos.

In response to the inability to collect taxes the US Government has but many restrictions on the banking industry. These restrictions include coding online casino deposits and not allowing them from 13 states. The states that do not allow credit card deposits to online casinos are Michigan, Illinois, Louisiana, Oregon, Washington, Wisconsin, Indiana, Nevada, South Dakota, New Jersey and New York. Banks and players quickly discovered that anonymous prepaid debit cards were the way around this.

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