Important Information About Online Gambling in the USA
The USA is notorious for its online gambling laws, and they have made headlines throughout the world. But what exactly do they mean for the ordinary player? Find out everything you need to know about the US law, as well as much more, below…
Is Online Gambling Legal in America?
This seems like a simple question, however the answer is actually quite a complex one. This is because individual states are allowed to create their own laws on citizens gambling online, meaning that it’s legal in some states, but not in others. The vast majority of states have outlawed online gambling in most forms though, with the only exceptions being New Jersey, Delaware and Nevada.
The decision by certain states to allow online gambling certainly hasn’t gone down too well with the Department of Justice though, who think that their Federal Wire Act is sufficient to ban it throughout the country. Those playing from legal states will have no problems gambling online though, providing they play at a licenced site, and that they play within the state boundaries. Great resource to browse in regards to legality surrounding online gambling in the United States in on VegasClick.com here.
Are Online Gambling Winnings Taxable?
As online gambling is prohibited in most states, there is no requirement to pay taxes. After all, it wouldn’t be a particularly good idea for an illegal gambler to declare their activities, would it? Those who gamble online in states allowing them to could have to pay taxes though, and these will be different for each state in question. For example, those in New Jersey are required to pay tax on all income, even if it comes from online gambling.
Whether people actually declare their gambling income is another matter though. As with paying tax from income earned during employment, the implications of being caught for tax evasion are quite severe though, so it pays to conform to all laws laid down in your state.
How US Players Make Deposits at Online CasinosFor an American citizen, making a deposit at an online casino can often be tough, as the vast majority of credit/debit card companies won’t allow their cards to be used at online casinos. Many have even imposed a blanket ban throughout the country, meaning that even those looking to play legally at online casinos in states like New Jersey will find depositing tough.
Luckily, there are many online payment methods that can be used, which are far more laissez-faire when it comes to payments made by their users. There’s also Bitcoin, which can be used completely anonymously to deposit at some online casinos.
The Best Software for US Players
Players in the USA will have access to software from all of the major providers, providing that they are legally allowed to gamble in their state. Some of the most popular software companies in the USA include Microgaming, IGT and Playtech, however there are also many, many more. Most casinos will allow these games to be played in a browser, however some will also allow software to be downloaded directly onto a computer.
Resources for American Gambling Fans
If you're from the United States and interested in gambling online at casinos these resources can be helpful: