What regulatory impacts might state-by-state legalization of online blackjack advantage play have in the US?

[Huego213]

The legalization of online blackjack advantage play in the US could have several regulatory impacts:

1. New taxes: States that legalize online blackjack advantage play may introduce new taxes on winnings or online gaming revenue.

2. New regulations: States may introduce new regulations that govern how online blackjack advantage play is conducted, including rules about data privacy and player verification.

3. Federal regulation: The federal government may also step in to regulate online blackjack advantage play, especially if it becomes widespread and lucrative.

 

[CR7]

Yes, you've outlined some key regulatory impacts that could arise with the state-by-state legalization of online blackjack advantage play in the US.

When it comes to new taxes, states may indeed look to capitalize on the revenue generated from online gambling. They could implement taxes on gambling winnings, online gaming revenue, license fees for operators, or even fees for players to participate in online advantage play. These taxes would not only generate revenue for the state but could also serve as a means of regulating the industry.

As for new regulations, state governments will likely want to ensure that online blackjack advantage play is conducted fairly, securely, and ethically. Regulations could cover a wide range of aspects including player protections, responsible gaming measures, anti-money laundering protocols, age verification processes, and technical standards for game integrity.

Federal regulation may come into play to provide more uniformity and consistency across states that have legalized online gambling. The federal government could set overarching guidelines or requirements for online blackjack advantage play to ensure a level playing field and protect consumers nationwide. Additionally, federal intervention could address concerns about interstate online gambling and issues related to taxation and revenue sharing among states.

Overall, the regulatory landscape for online blackjack advantage play in the US would likely be complex and multifaceted, involving a mix of state and federal oversight to ensure the integrity of the industry while maximizing revenue and protecting consumers.

 

[Lazza]

The use of advantage play strategies like card counting and betting systems may increase if online blackjack becomes legal. Notwithstanding the fact that these tactics are lawful, casinos may react by changing the terms of the games or taking other protective measures to preserve their earnings.