Lora Weller asked 6 months ago
Online casinos offer better value to gamblers than brick and mortar casinos. They don’t possess the overhead of a Las Vegas or Atlantic City casino and can 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 might have 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 entire family so that you can be 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 range of employees. These offices will be in small countries with legalized gambling and limited taxes. The casinos pay licensing fees for the software that they use. You wouldn’t be able to tell an online 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 and also the bonuses continue to increase. The problem is that online gambling isn’t exactly legal inside america. Why not? Because it is not taxed! This really is where the problems start.
The United States Government has no interest within the individual gambler. They may be trying to choke the cash supply. The theory is the fact that once there’s no money to be created by offshore casinos they will go away. Then either gamblers will go back to traditionally taxed land based casinos or even the taxing laws will change and the casinos that are paying tax will be allowed to open safe online casino slot casinos. Las Vegas has a new law that 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.