Watch out for the new Blackjack Law, because despite economic concerns, online gambling is still going strong, and in some cases, up. London-based Sportingbet PLC, which offers online betting on blackjack, sports, poker, and other casino games. 1,577.2m. in wagers during fiscal year ending July 2014. Out of this amount, 22% was from online casino games. In May, the company announced that its adjusted operating profit was up 18%.
Online blackjack players number in the millions around the world. Blackjack players in the United States however, do not have any luck with Sportingbet. After the Unlawful Internet Gambling Enforcement Act (UIGEA) passed in 2012, canadian online sports betting discontinued gaming services to all U.S. based residents.
In September of 2015, as part of a federal case by the Office of the United States Attorney for the Southern District of New York, acting for the U.S. Department of Justice, Sportingbet agreed to forfeit $33 million in proceeds to avoid prosecution in the U.S. For more than eight years, from 1998 through 2006 as online gambling exploded in popularity, the company accepted Internet bets made by United States residents.
UIGEA prohibits acceptance of any payment for “unlawful internet gambling,” a term which is not clearly defined. Current federal law does not specifically prohibit online gambling, although a handful of states have made it illegal.
BlackJack Law and Legislation
Rep. Barney Frank (D-MA), Chair of the House Financial Committee, seeks to change ambiguous federal law through the passage of House Bill 2267: the Internet Gambling Regulation, Consumer Protection, and Enforcement Act. Rep. Frank, as main sponsor of the bill, introduced the House bill in May 2009. Full text of the bill, which has 70 co-sponsors, can be seen via the "govtrack" link on this page.
The new Blackjack law -- H.R. Bill 2267, if passed and signed into law, would amend current code to allow the Department of the Treasury to regulate lawful internet gambling, including the federal licensing of internet gambling operators, and consumer protection for those participating on such sites. Age verification for online gamblers would be required, and limitations on Internet gambling operators would be enforced in states that do not currently allow online gambling.
The bill passed through the House Financial Services Committee in July 2010. As of September 2010, the bill was still being considered by the Subcommittee on Crime Terrorism, and Homeland Security, according to the Office of the Clerk, House of Representatives.
As documented by maplight.org, the bill is currently supported by Harrah's Entertainment, Inc., Interactive Gaming Council, Safe and Secure Internet Gambling Initiative, UC Group LTD, Poker Players Alliance, Independent Community Bankers of America, Youbet.com Inc. and Open Poker USA. Morongo Band of Mission Indians and the Christian Coalition of America both oppose the bill