Legislation to Regulate Online Gambling

There are many reasons why people choose to gamble online. First, it’s convenient. You can play slots on your phone or bet on your favorite sports team without leaving your home. Second, you can save money on gas. And third, you can choose the site that is right for you. Most sites offer bonuses ranging from 5% to 20% of your initial deposit. You’ll usually have to wager your bonus amount two to three times before you’ll be able to withdraw any winnings.

Despite the ease of access to online casinos, there are several dangers involved with gambling. There’s a high risk of addiction to various forms of gambling. Though there’s no universally accepted limit for gambling, different countries have laws regulating their activities. For example, the Interactive Gaming Act passed by the Australian senate in 2001 prohibits online casinos from accepting Australian bets. However, it does allow interactive sports betting and wagering services. Furthermore, Australian-based online casinos are open to foreign residents. The United Kingdom’s parliament passed the Gaming Act in 2005, which regulates the operation of online casinos.

Legislation to regulate online gambling started circulating in the late 1990s. Senators Jon Kyl and Bob Goodlatte introduced bills to prohibit the industry but they included state lotteries and horse races. These bills were never passed, but a few similar bills were introduced after that. One of these, HR 2046, would modify the UIGEA by requiring online gambling facilities to be licensed. A number of similar bills have been filed since then.