Unlawful Internet Gambling Enforcement Act has had a huge negative impact on the operation of many casino companies. “If (Internet gambling sites) have any kind of exposure in the United States, or if any of their executives are traveling in the United States, certainly they risk arrest and prosecution for violating the law,” said David G. Schwartz, Director of the UNLV Center for Gaming Research. As a result, lots of firms have stopped their operation in the USA. So has Pinnacle Sports. They have already announced that they are not accepting any bets from the USA.
Such a decision could not but be very upsetting for Pinnacle Sports, as approximately 60-65% of their business came from the USA. In Schwartz’s opinion, the situation with Pinnacle Sports may have ripple effects on the Internet sports betting industry, i.e. other firms could disappear or diminish their sizes, or visa versa, new people could come in and take the business. Schwartz claims: “A lot of the people who come to Vegas recreationally aren’t necessarily the serious sports bettors who are betting online. A pretty big percentage of them are people who are just coming in and placing futures bets for the Cubs to win the World Series or something like that; or, they just happen to be in Vegas for the weekend and they’re betting. I think most of the people who are betting online are fairly serious about it”.
So, Schwartz is pretty sure that the move will not decrease overall Internet gambling and won’t affect the sports betting industry in Las Vegas either.
Still, it must be added that some privately owned companies such as Sportsbook.com, formerly Sportingbet’s U.S. facing sportsbook, and Bodog which bought Betcorp and moved its offices to Antigua, are accepting U.S. bets.