Lewis Body asked 6 months ago
Online casinos offer better value to gamblers than local casinos. They do not have 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 will have to do Read More Listed here 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 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 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 normally 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 inside the usa. Why not? Since it is not taxed! This is where the problems start.
The US 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 created by offshore casinos they will go away. Then either gamblers shall go back to traditionally taxed land based casinos or the taxing laws will change and the casinos that are paying tax will be allowed to open online 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 new way of throwing money at the problem? The answer is yes and the cycle continues.