DE is/will be the First State to allow online gambling

Reply #8

d1nnl2 — Tue, 10 Jul 2012 20:50:24 GMT

I dont think online gaming will take off in the US until Congress undoes the bill blocking credit cards from taking payments or paying winnings which it did later in the Clinton years. I remember during the early days of the internet, I actually won in an online slots and got paid back via credit card.

Delaware is just pushing the other states to act. But it eventually needs the Congress for it to go through. In the future, it will be across state lines with everyone able to participate in mu... [ More ]

Reply #7

Stack47 — Tue, 10 Jul 2012 20:40:13 GMT

It depends on how much each state depends on lottery revenue. Some use their lottery revenues for scholarships and actually blame the lottery when revenues fall short. Some of them payout less than 60% on all their games and if they expect the same figure from onling games, they won't get many players.

If the 4 minute Keno payoffs are any indication of what the online games payoffs will be, I can't see how it could be fun playing. A 1 spot pays $3 in Nevada and $2 in Ohio. A 2 spot is $12 to... [ More ]

Reply #6

Lucky Loser — Tue, 10 Jul 2012 17:55:09 GMT

Yep, I can see that you know how the online deals work here. As long as a player keeps their winnings on point in terms of taxes, win or lose, they'll be just fine. I've mentioned before on how a friend of mine regularly sends the IRS a check out of the blue for damage control purposes and has been doing so for years now. There's absolutely nothing to hide with online venues so long as a player correctly codes their payments to the IRS. The government knows about all the online deals and the one... [ More ]

Reply #5

RedStang — Tue, 10 Jul 2012 05:02:26 GMT

They will probably make sure you CC matches your address. BTW Dover is the best place to see a race.

Reply #4

Stack47 — Tue, 10 Jul 2012 04:12:17 GMT

You'll get a W-2G playing online too and if the lotteries are set up like the horse racing books, the yearly play is tracked and players can use it to deduct any losses up to the amount won. It's ironic the poker sites that were shut down in 2011 by the Department of Justice tracked play if a player wanted it.

Reply #3

Lucky Loser — Tue, 10 Jul 2012 00:19:01 GMT

This may be true, but the same regulations in terms of winnings must still apply. A player can still win up to $599 and not have to worry with taxes. This is where one can get very creative with how they play and win without worrying about all the ramifications associated with gambling. There's also way more flexibility in terms of strategical applications for a player. I don't think the IRS is worried at aall about online players because there will always be more than enough traditional players... [ More ]

Reply #2

Stack47 — Sat, 07 Jul 2012 20:59:19 GMT

It's been illegal for residents of some states to gamble online for years and other states passed legislation against online gambling after the Unlawful Internet Gambling Enforcement Act of 2006 became law.

i am not sure i like this type of system rolling out.

Online gambling began in 1994 so it's hardly anything new. It's been legal to bet on horse racing online in the U.S. and in Kentucky for many years, but illegal to bet on other forms of online gambling in KY. Call it hypocrisy, but... [ More ]

Reply #1

maximumfun — Sat, 07 Jul 2012 15:14:49 GMT

you can play if you are a state member or if you are vising the state and can prove you in in the borders? yikes... if they put those controls in place they will be used for much more than lotteries... and for not just delaware...that would in effect allow an electronic collar on everyone pinpointing their locations and allowing for states to have closed or open borders.

i am not sure i like this type of system rolling out... even if it is being rolled out under the guise of the 'lottery'...... [ More ]

DE is/will be the First State to allow online gambling

Jake — Sat, 07 Jul 2012 12:19:50 GMT

As put out on the AP wire this past week and reported locally in Delaware, Gov Markell signed the bill that allows Delawareans to gamble online. They say we will be the first to offer this service. I am misinformed as I thought it was already a done deal in some other states.

According to what we are being told, it will be operated by the DE Lottery, who will have the ability to offer table games and video lotteries over their website. I cannot clarify exactly what table games and video lott... [ More ]