Lovie Bohr asked 6 months ago
Online casinos offer better value to gamblers than local casinos. They do not possess the overhead of a Las Vegas or Atlantic City casino and may also therefore offer better odds and bigger bonuses. Traditional land based casinos attract visitors with glitzy hotels and fancy restaurants. In 1976 gambling was legalized in Atlantic City. Las Vegas casinos realized that they would need to do more to attract East Coast visitors than just offer casino gambling. This was the beginning of the Las Vegas Mega-Resort. The Mega-Resort caters to the whole family so that you can become a vacation destination. It now costs an approximately $5 billion to buy the land and build a resort on the Las Vegas strip.
Online casinos are run out of small offices with a limited number of employees. These offices are within small countries with legalized gambling and limited taxes. The casinos pay licensing fees for the software that they use. You may not be able to tell an quality online gambling casino from a telemarketing office just by looking at it.
The low overhead allows internet casinos to offer “Better than Vegas” odds and bonuses on deposits. How often does a land based casino match your first deposit? The competition for new cyber gamblers is fierce as well as the bonuses continue to improve. The problem is the fact that online gambling is not exactly legal in the united states. Why not? Since it is not taxed! This is where the problems start.
The United States Government has no interest within the individual gambler. They are trying to choke the cash supply. The theory is the fact that once there’s no money to be produced by offshore casinos they are going to go away. Then either gamblers shall go back to traditionally taxed land based casinos or even the taxing laws will change as well as the casinos that will be paying tax will be allowed to open online casinos. Las Vegas has a whole new law which allows e-gambling in hotel rooms while several states are attempting to tax internet sales. Will this create the new “Atlantic City” for current online casinos? Will they figure out a whole new way of throwing money at the problem? The answer is yes and also the cycle continues.