Almost $7k chargedback to date. Regrets...I suppose. It's debatable the moral ramifications of such chargebacks. The casinos blatantly take advantage of compulsive gamblers. The gamblers take advantage of the casinos back. In the end, it looks like its a zero sum game, unless every US gambler started doing chargebacks. In which case, heaven forbid, the casinos would actually have to honor US law that says online gambling is illegal! I'm not so sure the people who crafted the UIGEA of 2006 didn't have this very thing in mind.
Eventually, people just get so sick of loosing that everyone is charging back the charges to the online casinos. The casinos have to honor the winnings of foreigners who won money of the US customers, but now, the casinos have to pay them out of their own pockets. An ingenious way to enforce US law at the international level.
For the online casinos, they are still making a profit off US players when they have no right to be because they show no regard for US Law. I say, screw em. Make your money where it's legal.
And as for people doing chargebacks going to jail, Mista Lin. That's not going to happen anytime soon. 10% of online gambling transactions are chargedback to the casino. The casinos build that into their cost structure (which is why they still chance the chargebacks and welcome US players). I wouldn't shead a tear if the online casinos simply made their money from places that were legal. Hell, make it legal in the US, and tax the shitite out of it....it solves your chargeback problems because it would make the UIGEA invalid