DescriptionOnline casinos, also called virtual casinos or online casinos, are online copies of traditional brick-and-mortar casinos. Online casinos allow gamblers to play online casino games without going out of their homes. In effect, online casinos are an alternative to live casinos. However, like real casinos, online casinos have gaming rules, policies, and procedures that are the same as those at live casinos. For more information, please see the “About Us” and “Operating This Site” sections listed below.
Testing Agencies administer and regulate online casinos and gambling operators in the state of Missouri. They do this by overseeing the way the online casinos operate, auditing their performance, and keeping a record of it, and reporting any problems they come across to the Gaming Commission of Missouri. In order to be considered for gaming commission approval, online casinos must meet minimum requirements set forth by the state. These requirements are designed to protect the public from unethical and improper behavior on the part of gambling operators and encourage responsible gambling and online gaming among all residents of the state. The testing agencies also keep a track of the frequency and amount of money slot machines are kept in circulation in each casino.
Microgaming refers to the use of video poker machines rather than slot machines. Although microgaming has become very popular with casino operators, the Missouri Department of Revenue has threatened to shut down the practice because it may cause an increase in complaints about the lack of casino product and service. Microgamblers can play video poker at many different sites, rather than being limited to a small number of machines in a traditional casino. As with slot machines, microgamblers must be careful to avoid paying more for more hands than they can afford to bet on.
Regulated gaming is regulated by the Internal Revenue Service. Because gambling is both internet based and conducted via a computer network, all transactions and information are recorded and monitored by the IRS. The Internal Revenue Service, in addition to regulating casinos, collects taxes from professional poker players through an annual tax known as the Self-Employment Tax. Many states have adopted similar rules regarding taxation of online gambling, and the state of Washington is the only state that requires personal income tax returns for individuals who engage in online gambling.
Online gaming software providers are also under close scrutiny by the IRS. The Internal Revenue Service issues Form 860 electronically, which the gaming software provider can send to customers and gaming establishments. Individuals who do not have an active email address are required to sign up for an IRS tax identification number and provide proof of citizenship. The form contains instructions on what a customer can do with this identification, and what they must do with any return filed with the IRS. Gambling operators and software providers must provide documentation supporting the operation of their business, such as copies of signed forms, and prove that they have not allowed a third party to access their systems.
Since the U.S. government and many state governments are cracking down on online casinos for reasons of tax fraud, gamblers may want to consider researching a virtual casino to conduct their gambling affairs. In recent years, the government has passed bills that would allow U.S. citizens to gamble online. Although the amount of tax that can be levied on these online casinos is still relatively low, some states (such as Wyoming) have already made it illegal for U.S. residents to conduct gambling on their land without their permission.
To ensure that customers enjoy their online casinos and get the best experience from them, gamblers will need to consider many factors before signing up with a casino. First, a gambler should ask if the casino offers a loyalty program that rewards clientele with trips or free entry into special events. Some online casinos offer bonus points that can accumulate, which can be converted into cash and used at the casino. Another important aspect of a good online casino is customer support, which should always be available twenty-four hours a day, seven days a week.
Online gambling sites that do not have live dealers or offer slot machines or bingo sections may also be less than satisfactory. The quality of customer service in online casinos can either make or break a gambling experience. If the casino is new and has not seen much competition, then the service may be high but this is yet to be proven. However, if there are plenty of satisfied customers, the quality of service is almost guaranteed.