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Online casinos are gambling on the near return of the United States market.  Odds are good that during the incoming administration, online casinos and Internet gambling will be legalized and regulated.  Not only is President-elect Obama a proponent of online casinos but Democrats, which have pushed for legalized online casinos, have a majority of both the house and Senate.

Shortly after the passing of the Unlawful Internet Gambling Enforcement Act, several online casinos pulled out of the United States market; many thought permanently.  The Unlawful Internet Gambling Enforcement Act was put in place by Republicans back in 2006 by slipping it into a must pass national security bill.

In recent weeks, Republicans have tried desperately to offer regulations that implement the Unlawful Internet Gambling Enforcement Act.  The new rules are ineffective and some argue open a wide gate way to legal online casinos, or at the very least Internet gambling.  The new rules do little more than ask banks to adjust their agreement letters to clients. 

The online casinos have high hopes for the administration, many believe President Barack Obama will lead to proper regulations required to keep close watch on the Internet gambling industry.  Obama has made it clear that his intention for the Internet is to maintain its status as an unfiltered source of information. 

“With the Obama Administration, America has a group that is going to do the right thing by the online gambling community, said an observer Bill Batsky. 

“How long that will take is yet unknown, but the reality is that it will get done. Once regulations are in place, online companies will once again re-enter the American market.”

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