The state of New Hampshire is preparing to operate its own online gambling site next week, and lawmakers have devised an intriguing method of avoiding the UIGEA Internet gaming ban. As the controversial law prevents payment processing to and from online gambling sites, New Hampshire will sell physical tickets through the lottery, then those tickets wioll be used by players to fund time at online casino games.By collecting all payments through the sale of tickets, the state does not need to accept Internet payments which could be blocked by the pernicious UIGEA enforcement. Money only exchanges hands for the transactions involving the purchase of a paper ticket, made by the customer in person.
Then, although the patron goes home and proceeds to gamble at the online casino site, he never needs to use his credit card or a third-party payment system, as the ticket carries coded information allocating him the proper credit at the gaming site.
The system in some ways mirrors the design of sweepstakes Internet gambling cafes, that provide online casinom access to customers who purchase phone time cards. Payoffs are made in accrued time, and then the phone cards are exchanged for cash before the customer leaves the store.
Selling tickets that carry an exchange value may be a method tested by adventurous online casino operators eager to avoid the difficulties presented by the recent UIGEA limitations. The code from the ticket could then allocate funds to an online casino account, without cash ever directly changing hands.
If it can be established that the tickets can be used for purposes other than gaming, then the fact that online gambling is one of the options available should not disqualify those sales from credit card purchases, and third party processing would no lnger be needed.
Published on June 24, 2010 by PrestonLewis
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