|Nevada State Assistant Chief Deputy Attorney General Jeff Rodefer in a 37-page analysis has provided what can be called a non-specific guide for gambling regulators whose current task is to decide their next step regarding Internet gambling. The upshot of the analysis is that it is impossible to declare that online gambling is legal under the current federal law, usually described as the 1961 Wire Act. |
The state legislature had saddled state gambling regulators with the responsibility of determining whether Internet gambling can be made ‘secure and reliable.’ The judgment is that, so far, they have not come to that determination.
‘There's also no way for state regulators to fully implement the Internet gambling law passed by the 2001 Nevada Legislature,’ Rodefer said, as the U.S. Congress has not determined the extent of its own regulatory boundaries nor the responsibility that separate states may finally come to have in governing Internet gambling.
Also the Justice Department has not yet announced its policy on Internet gambling.
Acknowledging all the legal hurdles, Rodefer reports that casino executives see a vast and virtually untapped market for licensed Internet gambling. ‘Experts estimate that revenues from Internet gambling - largely conducted by offshore companies because of the current U.S. ban - reached $2.2 billion in 2000, will hit $4 billion this year and could reach $6 billion by 2003.’