How The Legalisation Of Online Gambling WIll Boost Business In The USA

Over the last couple of years, we have seen more and more states in the US approve online gambling.

While initially, the only two that allowed this were Nevada and New Jersey, this has gradually increased and many more are at different stages of their approval process.

It is unknown exactly how many states will approve online gambling over the next few months, but already it has been met with a positive response, by those people who have found that they can now sign up to numerous gambling sites, including those at where the most reputable online casinos can be found.

For decades, millions of gamblers flocked to the Nevada resort of Las Vegas to enjoy the thrill of the casino experience, which also doubled as an entertainment venue, while it could be argued that Atlantic City in New Jersey was a smaller, more subtle version of its mid-west sister.

While nothing like this existed really anywhere else in the world for a long time, Las Vegas had to watch as the heavily Chinese-influenced resort of Macau eclipsed it in earnings, while Monte Carlo in the French principality of Monaco catered to the exclusively super-rich in a more intimate capacity.

Other countries, meanwhile, might not have had anywhere on the same scale as any of these, however, there was one area in which they were excelling – and reaping the rewards consistently. Online gambling.

Has COVID-19 forced the USA’s hand?

During the latest global pandemic, online gambling revenue figures have surged dramatically which has substantially benefited the regions where this is legal. The fact that governments impose somewhat of a hefty tax on those operators that are under their jurisdiction, means that a sizable proportion of this revenue provides these governments with a healthy cushion. A lot of this revenue can then be used for the benefit of the economy, such as creating public sector jobs for the population.

It could perhaps be the case that states in the USA have perhaps, albeit reluctantly recognised this. With millions of people out of work across the nation, a number of states have gradually started to approve online gambling licenses; some even being expedited. What this means is that, in light of the current crisis, states could soon see their coffers burgeoning due to the percentage of the revenue that they will take from online gambling.

This could lead to an allocation of funds for a number of key areas in the nation, not least to providing greater support for the infrastructure and as a result, more jobs to thousands of people, but also, jobs within these gambling companies to meet the demand for this.

Is there a strategy behind which states will approve online gambling?

So far, what has been the case is that those states which have approved online gambling are the ones (whether deliberately or by accident) that boast a relatively high average disposable income figure, which means it helps to reduce the risk of vulnerable people being targeted and tempted to engage in online gambling when they cannot necessarily afford to.

It could mean that going forward, it could be the case that this thought process is applied more consciously. In the UK, Responsible Gambling is taken very seriously by the UKGC and as a result, a lot of awareness has been raised.

However, it will be interesting to see whether the US values this above the chance to increase business opportunities in the country over the next few years.