The Top Real Money Online Casinos USA

The law regulating betting on different kinds of sport by using a range of channels is The United States Interstate Wire Act (hereinafter to be referred to as the Law). It has been in force since 1961. Its restrictions apply to both national and international companies.

The Law allows a player to make wagers within the state where he or she resides. Nonresidents are prohibited to do that. If this Law is violated, the owner of a gaming house will be the one to be punished. He or she will either pay a fine of ten thousand dollars or get to jail for up to 24 months. Both of these penalties may also apply simultaneously.

According to the announcement of the U.S. Department of Justice made in 2011, Internet-based entertainment services are not related to event or sports betting, so the Law does not apply to them. The opposite was claimed by the Department seven years later.

To make the situation clear, this matter became the subject of several court trials. Even though some decisions on this issue have already been made in several instances, the final verdict has not come to force yet. Also, the case has not been yet observed by the Supreme Court of the country.

The UIGEA, which was adopted in 2006, also contains no restrictions applied to entertainment services used on the Web.

The main points of this Act are as follows:

• the prohibitions of monetary transactions to/from the providers of web-based entertainments services;
• a list of banking methods that are forbidden for use;
• regulation of verification and identification procedures related to the transactions.

Anyway, the Law does not prohibit gamblers from making wagers online.

In fact, the list of illegal transactions does not include placing wagers on virtual sports. There is no actual info on the status of lotteries or permission for horse racing bets made by non-residents of a certain state.