Ara Camden asked 6 months ago
Online casinos offer better value to gamblers than local casinos. They don’t have the overhead of a Las Vegas or Atlantic City casino and 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 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 entire family in order to 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 are within small countries with legalized gambling and limited taxes. The casinos pay licensing fees for the software that they said utilize. You might not 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 as well as the bonuses continue to improve. The problem is that online gambling isn’t exactly legal within the usa. Why not? Because it is just not taxed! This really is where the problems start.
The United States Government has no interest in the individual gambler. They are trying to choke the money supply. The theory is the fact that once there isn’t any money to be made by offshore casinos they’re going to go away. Then either gamblers shall 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 online casinos. Las Vegas has a whole 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 online casinos? Will they figure out a new way of throwing money at the problem? The answer is yes and the cycle continues.