A backdoor to online gambling – the lottery


It is the first of May, we ought to dancing around the Maypole or marching behind the red flag – but we are not.  In fact today hardly seems like a special day to me; just more of the same, no difference from yesterday or tomorrow.  Reading the gaming news certainly increases that feeling for me; the gaming industry is just plodding along through 2012,  moving a little farther away from the recession and a little closer to the future, which eventually will include the Internet.  The big news for the rest of 2012 in gaming will be the process in Massachusetts towards drafting regulations, fixing the locations and issuing license for the first casinos in that state; the new casinos in Ohio, two of which will open in May; the grand opening of Revel and the debut of the remodeled, rebranded Golden Nugget in Atlantic City; and a string of proposals for a new or expanded gambling in a bunch of states – that and of course the online gambling storyline.

Online gambling is not a very swift moving story; not much is likely to happen in the immediate future, except for the state lotteries and that is the storyline.  In April all of the lottery directors in the country met in Washington, D. C. to discuss their future and how to take advantage of the Internet.  It is going to be difficult for conventional, land-based, bricks and mortar companies to keep with the lotteries, at least in the short-term; the lotteries have serious advantage, they do not require any additional legislation or approval.  Lottery directors are going to begin putting their games online; at first the games will be offered within their own states only.  However, it will not take long before they begin to connect to other states.

In the meantime congress will be debating online gaming and individual states will be setting their own standards.  While the debates and regulations stumble along, the lotteries are free to race ahead.   Brick and mortar traditional casinos are caught in a bind, wanting to explore the internet, but held back by a lack of regulatory structure.  For them to step in online gambling without protective state and federal regulations would endanger their current licenses; it is a risk none is willing to take a the moment.  The slot machines companies are less restricted, while they may not be able to put their games online by themselves, those lottery directors are going to be looking for games their players want to play.   IGT, Aristocrat, Ballys and Williams are ready and waiting get online, the front door is blocked by congress and state regulators, but lotteries are going to offer a backdoor to the world, and income, of online gambling.   For an industry that has always been very tightly controlled and regulated, this next phase is going to be a bit disturbing.  The feds ruling on the legality of online gambling is going to start to bear fruit, in ways the feds do not seemed to have anticipated.

Advertisements

1 Response to “A backdoor to online gambling – the lottery”


  1. 1 ambien November 19, 2013 at 4:07 am

    Hi there, I enjoy reading all of your article. I wahted to write a little comment to support you.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Disclaimer

This is a personal blog and the information in articles posted here represents my personal views. It does not necessarily represent the views of people, institutions or organizations that I may or may not be related with, and is not sponsored or endorsed by them unless stated explicitly. Comments and other public postings are the sole responsibility of their authors, and I shall not take any responsibility and liability for any libel or litigation that results from information written in or as a direct result of information written in a comment. All trademarks, copyrights, and registered names used or cited by this website are the property of their respective owners. I am not responsible for the contents or the reliability of any articles excerpted herein or linked websites and do not necessarily endorse the views expressed within them. I cannot guarantee that these links will work all of the time and have no control over the availability of the linked pages.

Pages

May 2012
M T W T F S S
« Apr   Jun »
 123456
78910111213
14151617181920
21222324252627
28293031  

%d bloggers like this: