What is online gambling?
Online gambling is the kind of gambling where the gamblers conduct their activities via internet or in another word online without seen each other. This can be done from home, from your business or anywhere provided there is internet access and the game is legal in your particular state and the gambler is of required age. In this, the gamblers should have sufficient funds in their accounts so that after each game certain amount as agreed can be transferred to the winner from losers’ account. The game was first started in Nevada after they passed online poker.
How does online gambling works?
For the online gambling to be effective geo-location technology comes in hand. This ensures that the gamblers are within the specified boundaries of that state. An effective mechanisms employed in this technology helps in identification and verification of the gamblers and know exact location of gambler so that, he is not outside the required state. Geo-location technology will automatically give the location of gamblers and be limited within the boundary of the specified state, so that anyone outside that state cannot be allowed to participate if at all it is illegal in his state. This technology can be extended to the whole of the United States if all the states legalize this activity.
Which are the devices or machines to be used on online gambling?
Machines to be used on online gambling should be in such a way that they can allow determination of location of the gambler and be seen on face so as to enhance he is not of tender age. The devices or machines to be used are computers and mobiles. These devices via camera, a regulator can be in a position to identify the gambler and verify that he is of legal age allowed by the state for participation in gambling.
How can online gambling be done responsibly?
For the online gambling to be successful there should be proper regulations. The regulator should be in high alert to ensure all devices are up to the required standards as prescribed by the residential state since, different states of United States will require different standards. Transactions should be done by a highly dedicated system with sophisticated technology which had gone proper testing for quit sometimes and therefore, cannot fail easily so as to increase gamblers confidence to this type of gambling. If at all the regulator is not satisfied with this system he should not let people participate since, it may erode people’s confidence in case of system failure in the middle of the gambling. Systems which prevent money laundering should be employed and put in place so as to prevent this vice from happening. It will also enhance process of payment is taking place effectively. Customer services should be also integrated and works as it required.
It should also have a revenue reporting mechanisms so as to enhance transparency of this online gambling.
What are the benefits of online gambling?
This is the most transparent revenue collection mechanism since, the system has a revenue reporting system integrated in it. It also have an advantage of convenience to all gamblers in the state.