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I. Social Effects
II. Fraud and
Gaming
Integrity
III. Lost
Revenue
IV. Organized
Crime
V. Ban or
Regulate? |
Fraud and Gaming Integrity
Regulation of Legalized Gambling in the
United
States
Legalized forms of gambling in the
U.S.
are heavily regulated with regard to pay-outs and fairness. For example, the Colorado Gaming Commission
requires payouts of at least 80% for video and slot machines operated within
the state.
If a casino patron feels that the casino has not properly
paid out or that there is an element of unfairness, he or she typically may
seek recourse with the gaming commission established in the jurisdiction. There is also the possibility of filing a
lawsuit in state court, which would have jurisdiction over the particular transaction.
.cybercrime.gov/malcolmTestimony318.htm
References:
Regulation of
Internet Gambling
The regulations and remedies mentioned in the previous
section are not present in the vast majority of internet gaming
operations. The site owners can defraud
consumers by not paying out on winning bets or by making small odds adjustments
in odds-based games (such as blackjack or virtual slot machines). Although more established and reputable
online casinos are less likely to engage in these activities, there is no
oversight by any regulatory gaming body. Furthermore, even if a consumer can prove that he or she has been
victimized, bringing a suit can be nearly impossible, since most of the sites
are operated offshore and typically beyond the grasp of
U.S.
jurisdiction.
References:
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INTERNET GAMBLING