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More US Online Casino Withdrawal

The US horseracing industry just lost another viable online sportsbetting site this week with the announcement that Pinnacle Sports has ceased to offer horserace betting in the US market. The company posted a brief but thorough note to its players about the new policy but did not give any specific reasons for the company’s decision. Pinnacle’s service update note stated that the company was not withdrawing entirely from the US internet gambling market – Pinnacle will still offer instant online casino and poker options.

Online casinos operating in the US market have been under increasing pressure from the Federal and state governments to leave the market; the Department of Justice even goes so far as to attempt to intimidate and slap criminal charges on those executives who operate internet gambling sites within the US market. The statement though alludes to the growing US problems as one of the factors for exiting the horserace betting industry. The note elaborates, “The declining interest of clients in racing in general, has prompted us to discontinue wagering on daily North American horse racing with immediate effect.”

Pinnacle is certainly not the first online casino gambling group to begin backpedaling and exiting the US internet gambling market – Microgaming has withdrawn nearly completely from the market. What’s interesting though is the fact that sportsbetting on horseraces through the internet is still legal in the US because of legislative carve-outs…perhaps it’s Pinnacle’s instant online casino offerings that have put the company in a precarious position with the US authorities – it wouldn’t be much of a surprise if this were the case. Perhaps new information about what prompted the decision will be revealed in the coming weeks.