Internet casinos thrive in 6 states. So why hasn't it caught on more widely in the US?
In the 10 years that it has been operating in New Jersey, internet casino gambling has generated nearly $7 billion in revenue for casinos and their affiliates, sent over a billion dollars in tax revenue to the state’s coffers, and helped keep Atlantic ...
ATLANTIC CITY, N.J. — In the 10 years that it has been operating in New Jersey, internet casino gambling has generated nearly $7 billion in revenue for casinos and their affiliates, sent over a billion dollars in tax revenue to the state's coffers and helped keep Atlantic City's nine casinos afloat while they were shut down during the COVID-19 pandemic.
So why hasn't it caught on more widely across America?
Currently, only six states offer internet casino gambling: New Jersey, Connecticut, Delaware, Pennsylvania, Michigan and West Virginia. (Nevada offers internet poker but not online casino games; Rhode Island has passed an online casino bill, but it is not expected to go into effect until March 2024.)
Casino operators, online gambling companies, analysts and elected officials offer a number of reasons why they think it has yet to expand more widely: among them, including fears (unfounded, analysts say) that internet gambling will draw gamblers away from physical casinos, and a higher priority effort to approve sports betting — nearly 90% of which is done online in two-thirds of the states.
Proponents say they expect additional states to adopt online casino gambling soon, in part because a wave of federal pandemic stimulus funding from the federal government is ending, and states are once again looking for new sources of tax revenue.
Internet gambling “stands out as the most lucrative revenue source from any gaming launch in history, and New Jersey is ‘exhibit A’ for
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