Currently, there is little federal regulation of online gambling, though states are moving to legalize the business. Nevada, New Jersey, and Delaware have already begun the process of regulating the business. These efforts will continue on a state by state basis. Ultimately, if the government passes a law that allows online gambling, it is unlikely to affect the industry as a whole.
Nevertheless, the legality of online gambling is a complex matter. The Unlawful Internet Gambling Enforcement Act of 2006 restricts banks from dealing with sites that are illegal, but it does not define what constitutes a legal internet gambling website. In addition, it was previously believed that the federal Wire Act banned all forms of online gambling, but this law does not cover online casino sites, lottery websites, or poker sites.
Internet casinos are a popular form of online gambling. The casinos operate online, where players can play casino games from the comfort of their home. Many online casinos claim to offer higher payout percentages than offline casinos, and many publish their payout audits on their websites. Table games, on the other hand, have a house edge. The rules of the game determine the payout percentages.