The UIGEA has been a subject of discussion since it was passed into law. This law has affected the poker online industry in several states, including West Virginia and New Jersey. Here are some ways to stay compliant with UIGEA while playing poker online. Let us first explore the potential consequences of UIGEA for online poker. This law will mainly affect those who play poker in New Jersey and West Virginia. Then, we’ll discuss how the law affects the players in those states.
Until December 2006, almost every offshore gaming company accepted US players, with the exception of 32Red, Betfair, and Ladbrokes. However, with the UIGEA and Black Friday, major online poker sites began deciding what to do. Some companies, including PokerStars and Full Tilt, began pulling out US players immediately, while others continued to accept bets from US players, assuming the law would not apply to them.
UIGEA’s impact on online poker
UIGEA’s impact on online gambling is still growing, even though a judge’s ruling in Illinois forced the Department of Justice to reassess its original scope. The law’s impact on online poker is likely to continue to grow as more states consider legislation to regulate the game. However, there are a few things that the DOJ can do to ease its impact. The first is to repeal the UIGEA.
UIGEA’s impact on New Jersey
The Unlawful Internet Gambling Enforcement Act (UIGEA) outlawed certain restricted transactions associated with “unlawful internet gambling.” It was passed by Congress in 2006, but did not go into effect until 2009. This law sucked a number of online poker sites out of the market by making it illegal to use US banks to process transactions with foreign online gambling operations. But there are ways to circumvent the law.
UIGEA’s impact on West Virginia
In late March, the State of West Virginia passed a law legalizing online gaming. This will include regulating online poker. Although West Virginia is a small state, it could become a large market if online gaming is allowed to share its player pool with other states. The State Lottery will be in charge of designing regulations and issuing licenses to operators. In the past year, the director of the lottery for West Virginia traveled to Pennsylvania to discuss the issue. In that time, West Virginians felt that the process could move faster than originally anticipated.
Legalization of online poker in New Jersey
With the legalization of online poker in New Jersey, the state has opened up a vast online gaming market that is more diversified than many other states. New Jersey has several operators providing real money poker online, so players can expect plenty of action in this market. Despite the fact that the market was stagnant for many years, it has recently rebounded, thanks to the Coronavirus pandemic of spring 2020. Hopefully, the state will follow Nevada’s example and allow more online poker sites to operate.