Lane Conrad asked 6 months ago
Online casinos offer better value to gamblers than local casinos. They don’t possess the overhead of a Las Vegas or Atlantic City casino as well as can 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 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 entire 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 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 the bonuses continue to increase. The problem is that online gambling is just not exactly legal in the united states. Why not? Since it is just not taxed! This is where the problems start.
The US Government has no interest in the individual gambler. They can be trying to choke the money supply. The theory is that once there is no money to be created by offshore casinos they will go away. Then either gamblers shall go back to traditionally taxed land based casinos or perhaps the taxing laws will change and the casinos that are paying tax will be allowed to open online casinos. Las Vegas has a brand new law that enables e-gambling in hotel rooms while several states are attempting to tax internet sales. Will this create the new “Atlantic City” for current trusted online casino (mouse click for source) casinos? Will they figure out a new way of throwing money at the problem? The answer is yes as well as the cycle continues.