What Effect Has The Recent Act Truly Had On Online Gambling?

With online gambling continuing to flood our society, the government has decided its time to put an end to it. The new Unlawful Internet Gambling Enforcement Act has been put in place to attempt to halt the traffic of nearly $6 billion each year. However, it seems as though the new law is doing little to stop online gambling with gambling maintaining its high popularity.



The law was originally put in tact with the goal of stopping the high amount of traffic between U.S. gamblers and foreign internet casinos. The plan was to simply bar credit card companies and other U.S. financial institutions from processing illegal wagers. All this did was make it an inconvenience for online gambling players as oppose to stopping gambling altogether.



With the new law, it is the mainstream online gambling sites that are feeling the biggest effects. The reason for this is because they require credit card or other form of payment similar to this. It is the private online gambling sites that are generating more traffic now while seeing little effect to their websites. Private companies are able to avoid the law because of the fact that they have been benefiting from e-wallets for years.



The most well known e-wallet is eBay's Paypal, which is another form of payment. Paypal is an electronic wallet that is growing in popularity amongst online gambling players. Although there is controversy over whether or not Paypal accepts online gambling transactions, it currently constitutes over 10% of all internet traffic.



There are a number of benefits to using Paypal for your online gambling. One of the biggest benefits over using credit cards is that there is no limit to how much you can withdrawal. Another huge benefit is that you are guaranteed to have your money accepted as oppose to some credit card companies not accepting online gambling transactions.



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Although there have been a number of laws proposed against online gambling, the recent online gambling act has done nothing but divert players to more private sites. The best way to go about paying and receiving your cash is Paypal because of the fact that most credit card companies do not accept gambling transactions. With Paypal, you can quickly receive your money and continue the joy of online gambling.