All Casino Bonuses - New Online Gambling Law Unlikely to Stop Online Casinos

Last week, U.S congress passed a legislation concerning port security to which were added a few unrelated clauses regarding online gambling that some people are sure is going to mean the end of online gambling.

In reality, the new law does not ban online gambling in the United States nor does it shed new light on the legality of online gambling in that country. The American Wire Act from 1961 is still the only law which can be considered a guideline in the legality (or illegality - the interpretation of the law is very vague) of online casinos.

The new bill’s goal is to cause the average American difficulties in transferring money into online casinos. It bans American banks and credit card companies from transferring any funds into the hands of the online casinos. However, most online gamblers do not deal directly with online gambling sites when transferring funds. The preferred method is to usually transfer money into a third party company, such as Neteller.com, which in turn transfers the funds into the online casino.

While most analysts see the online casino industry’s future as “shaky” there is agreement on the fact that online casinos are here to stay. Although and estimated 50% of online gambling sites revenue comes from American citizens, most online casinos can still survive with profits generated from outside of the United States. Another prediction made by some analysts is that although the law makes it difficult to deposit funds, loop hole will be found which will lead to new online casino depositing methods being available in the near future.