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The list of approved online sports betting facilities continues to increase. At present, it is now up to fourteen states plus Washington, DC, but the official opening is still awaited in some other spots. * Pending official opening. Washington DC sports betting sites are still waiting for the official opening of their betting site. According to them, it will be launched later this year.
* In line with the US Department of Labor's initiative on sports betting sites, most US states have imposed new laws on operators. The laws include closing the sports books down for non-payment of taxes and penalties and closing accounts of operators who had failed to pay taxes and penalties. Moreover, all operators are required to register with the Department of Revenue. This registration will facilitate better collection of taxes and penalties and also facilitate tax identification. Today, there are only three states where no such laws exist, which can be considered as exceptions.
* There are many reasons for the increase in the number of betting sites and operators. First reason is that in countries like Ireland and Malta, online gambling is totally banned. The government considers the two as illegal gambling and considers it an attempt to profit from people. Therefore, in these two countries, online betting does not exist. However, the situation is not as problematic in the US.
* For online sportsbook, it is important for them to create a huge database of customers. This will enable the operator to keep track of the customers' betting history. This will allow the operator to calculate their overall rating for every bet. The better the online sportsbook's record in paying its clients, the more chances they have to attract more clients.
* Online sportsbooks rely on offshore sites for payment processing. However, these offshore sites are neither regulated nor legal by any governmental agency. Because of this, some offshore sites have resorted to taking money from customers in exchange for access to betting terminals. If this practice is found out by the authorities, they could file charges of money laundering against the operators of these illegal gray area online betting portals.
* In both the US and Malta, the legal gray area for online Sports Betting Sites and operators remains to be legal grey area. This means that the government has no clear view of operators operating illegally. However, most states have enacted legal framework to regulate online betting. In addition, most states have banned gambling online, except for certain state-recognized gambling games, like horse races and football. However, only a few states have yet to enact a comprehensive legal framework for online sports betting.
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