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If the U.S. Regulates the Online Casino Industry

Talk to an online casino player, and chances are they will give rave reviews about their favorite games, casinos, and winnings. That is always the best part about playing the online casinos for some players, it always feels like the online slot machines payout more money than land-based casinos. And it doesn’t just seem that way, in most cases, the internet gambling Web sites do have their slot machines and various other games set to higher payout percentages than offline slots and games.

By raising the payout percentages at online casinos, the internet gambling sites are able to keep their players entertained and happy—something that is much easier to do at land-based casinos. In the United States, the online casinos sites consistently kept their slot machines at a payout rate of roughly 95 percent – this is about 10 percent higher than the offline slots. The reason the offline slots keep a lower payback percentage centers on two main facts: the offline casinos have more options to keep gamblers happy (shows, alcohol, clubs, shopping, and more), and the United States regulates the land-based slot machines, and the official minimum payback percentage is set at 85 percent, so though some offline slots may have a slightly higher payback percentage, for the most part, the highest payback percentages are found at online casinos.

But that could all change if online casino gambling is legalized and regulated in the states. Right now various bills are seeking to repeal the 2006 Unlawful Internet Gambling Enforcement Act, and Barney Frank’s bill in particular suggests that the U.S. government regulate the industry rather than ban all online casinos. And though that would mean that Americans are once again able to gamble through the internet, the U.S. would begin then regulate things like payback percentages, bonuses, and gambling incentives – and that could be disaster for the previous status quo.