BITCOIN GAMBLING IN USA?
Many people are wondering about the possibilities and regulations when it comes to gambling in the USA using Bitcoin as your currency of choice.
There is probably no one who is not familiar with the reputation of Las Vegas when it comes to gambling. But although the state of Nevada allows gambling, it actually does not allow online casinos.
Let’s stop here for a moment.
What does it mean for a player if a country does not allow online casinos?
The first thing you need to figure out is whether that means that:
- Online casinos are not allowed to be based in the country,
- Residents are not allowed to play in online casinos,
- Or all of the above
Lucky for you, most US states fall in the first category.
They restrict companies from running online casinos in the state’s territory, but no law forbids players from playing at online casinos, as long as these casinos are not based in the US.
For example, the state of Nevada allows ground based casinos (this is why Vegas thrives there) but it does not allow online casinos to be based in the state. Of course, players can still play online in offshore casinos.
There are only 3 states so far that are an exception in this:
- New Jersey
These 3 states DO ALLOW online casinos, so you will be able to find native, American casinos there.
But there is another catch.
The USA restricts banks and credit card companies from making casino-related transactions.
So how can you deposit or withdraw your funds to and from the casino?
Well, if we are talking about US Dollars, you cannot. But again, lucky for you, a Bitcoin transaction is neither a bank nor a credit card transaction.
As long as the USA deems Bitcoin as legal (which it does), you can safely use it even for gambling purposes.
The only thing you must remember is that Bitcoin is a commodity in the US, which means that your losses and winnings from playing with Bitcoin are subject to taxation.
And now that you have the basics covered, here are the best Bitcoin casinos for US players.