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How Much Will the U.S. Owe?

The United States could be described as cocky by some in the online casino industry. The U.S. has spent the last several years denying that any countries had legitimate access to U.S. gambling activities – and once the U.S. lost the legal case at the World Trade Organisation (WTO), the country then went back and amended trade agreements so that the WTO ruling was then based off of previous trade agreements, rather than the more current, amended agreement. To top off the several year court case with the WTO, the U.S. passed an offshore online casinos ban that affected the entire world’s e-gaming industry. Because the internet gambling ban (Unlawful Internet Gambling Enforcement Act) effectively ended all of the offshore online casino gambling, the WTO is now in the process of negotiating compensation claims from multiple countries impacted by the UIGEA.

And though many in the international online casino industry are hoping that the U.S. will have to pay upwards of $100 billion in compensation to the nations with valid claims of damages as a result of the U.S. gambling ban, an unidentified high ranking U.S. official recently reported that the alleged damages claims are sensationalized by the media and are both “faulty and exaggerated.”

Only in the recent months has the U.S. even acknowledged that countries other than Antigua have a valid claim at damages from the online casinos ban. Initially the U.S. firmly asserted that it would not pay damages to any country other than Antigua, but since then has entered into negotiations with seven other WTO members: Australia, Canada, Costa Rica, India, the European Union (and thus all 27 nations in the EU), Japan, and Macao. The talks are still in the beginning stages, but most online casino industry analysts predict that this case will end in the U.S. either altering the internet gambling ban, or allowing the countries seeking damages access to other sectors of the U.S. economy.