Zack Chaffey asked 6 months ago
slots betting online casinos offer better value to gamblers than brick and mortar casinos. They do not have 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 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 whole family in order to 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 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 will use. 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 and also the bonuses continue to increase. The problem is that online gambling is just not 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 in the individual gambler. They may 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 will go back to traditionally taxed land based casinos or the taxing laws will change as well as the casinos which are paying tax will be allowed to open online casinos. Las Vegas has a 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.