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United States’ Online Gaming Industry – A Brief Insight into its Present and Future

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United States has always been a country of contrasts and this holds true for its gambling industry as well. While Nevada is recognised as the National gambling symbol, many other states place strict restrictions on all kinds of gambling activities.

Regardless of that, the recent developments in the US’ Internet gambling market, especially with regard to the revolutionary Supreme Court decision last year, look quite promising. Let’s find out what awaits everyone in the future?!

Conventional vs new-age online casinos

It’s only natural for people to think that someone who has been to a real brick and mortar casino will never exchange that experience for the online version. Agreed that nothing compares to placing wagers on the spin of an actual roulette wheel, playing blackjack against a dealer wearing a classy tuxedo or pushing those slot machines’ buttons, with all those old school sounds and graphics surrounding you. However, the ground situation is like this – starting 1

994 after online gambling got introduced for the very first time, it has grown exponentially over the years. Today you can get the ultimate online casino experience, which in many cases is even better than the land-based casinos, from within the comfort of your living room or while you’re commuting from one place to the other.

Going by the statistics, as many as 90% of all the gamblers in the United States have switched over from brick and mortar casinos to the online environments. In fact, 85% of all the gambling income generated in the United States comes through the online medium. The online sports betting operations on the other hand generate an impressive $ 400 million per year. In fact, a large number of British bookmakers are taking a punt on the US market today.

United States online gambling marketplace – The present situation

It’s pretty clear right now that United States is in no position to impose any strict federal ban on Internet-based gambling. The only possible hurdles that are there come at the state level, where the situation can be quite paradoxical. The national level operators are often asked to meet a lot of legal requirements in order to obtain licenses from certain states.

General state restrictions on online gambling

  • Online casinos are allowed in Delaware, Pennsylvania and New Jersey
  • Majority of online casinos don’t allow under-21 players
  • Online poker is permitted under Unlawful Internet Gambling Enforcement Act (2006) unless explicitly prohibited by the state
  • The Wire Act doesn’t permit sports betting activities if the transactions occur out of the state
  • Online sports books’ services can be legally used in Pennsylvania, New Jersey, Rhode Island and West Virginia
  • You are legally allowed to play online poker in Delaware, Pennsylvania, New Jersey and Nevada

A large majority of people can’t use online gambling services because of state governments’ policies. Operators on the other hand aren’t allowed to function because of tricky legislations. The growth potential in these states is immense and it’s only a matter of time when the online gambling industry will bloom greatly in majority of the US states.

The future

In the future, we will see more states coming on board with online gambling regulations. Influencers such as Washington, New York, Colorado and California are expected to follow suit and have the required legislature by 2021. Digital currency is a big deal at online platforms these days. More and more online gambling platforms are expected to adopt a wide range of such currencies going forward.