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In 1996 we got an explosion of online casinos that swept through the world. The United States saw a major increase in both online casinos and the members. This huge increase of online players worried the land-based casino owners and they lobbied to have it stopped or minimum slowed down. They knew if this pace continued these people see more in a decrease in commission rates. So they lobbied Congress hard and in 2006 the US passed the Unlawful Internet Gambling Enforcement Act (or UIGEA).

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The move made via Justice Department is huge for cash strapped states. This is a free country so letting people gambling on the web is a no-brainer. I'm sure after many years the lobbyist who represent Wall Street will where possible stop online gambling in the future. The more people gamble online, the less overall that switches into the stock game. Unless Wall Street gets into online gambling, then we're really in deep trouble.