Massive Expansion of the Online Gambling Market in the USA
Online gaming industry in the USA has shown a rapid growth for the last few years. Sports betting has been shown as a major contributor for this giant growth.
Playing online casino games is a favourite form of entertainment for millions all over the US.
Nowadays more states decide to change their legislation and open their virtual doors to online gambling industry.
Soon almost the entire USA could be a legal zone for online gambling and sports bettors to enjoy.
Sports betting has been shown as a major contributor for this giant growth. The Supreme Court in the US has recently changed the law on sports betting. Each state can now decide whether or not they want to change their law. As soon as the amendment has been done, more states use the opportunity to legalize sports betting giving players in their area access to online casino games and sportsbooks.
The main reason online gambling and sports betting was legalized by the Supreme Court was to eliminate the illegal gambling market.
During this year 5 new states have legalized sports betting in their area. We can add also the state of Main and New Hampshire which are waiting for the last procedures of signing the bills into law for the legalization of sports betting. North Carolina is also taking steps to legalize sports betting. It could soon be among the many states where sports betting is legal.
Nearly six years after discussions on the topic started in the state, sports betting has finally been legalized in New York. Sportsbooks can now legally operate in New York.
The legalization of online gambling in Pennsylvania is a big victory as well. This is because the government in this state was among the ones that have been opposition to online gambling for many years.
Louisiana has made many attempts to legalize sports betting in its territory, but have failed. The authorities in the states that are against the legalization are concerned about the social consequences that will follow after the gambling legalization in general.
The online gambling industry is growing at a rapid speed. As a result more states in the USA are realizing the benefits of having a legalized gambling market now.
Big rise in revenue has been noticed by the states since sports betting has been legalized in their areas. Millions have been taken from taxes and wagers on legal sports betting. Unfortunately some states have implemented too high tax levels on online casino and sports betting operators. A common opinion is that over-taxation will have a negative reaction for some illegal gambling operations.