Online Gambling Expansion Following U.S. Casinos Closure

Online Gambling Expansion Following U.S. Casinos Closure

Online gambling expansion to consider as many land-based casinos shut down due to the coronavirus pandemic. With patrons, including Americans confined to the comfort of their homes.

iDevelopment & Economic Association is pushing states to allow online casino games to replace disappearing revenue from the temporarily closed casinos. Also, it includes exploring how governors can use extensive emergency powers to allow online casinos operations rapidly.

Is the Online Gambling Expansion the Solution?

Online casino games include virtual slots and roulette, as well poker played with real money are pushing by the iDEA. However, it is not mainly the solution for the current disruption. But it underscores the need for the industry also to have an e-commerce platform.

Also, according to Gaming911 sources, the iDEA’s group lobbyist said that an option would represent valuable entertainment for consumers. And a lucrative tax-revenue source for the state governments as well.

Will the Online Gambling Expansion Possible in the U.S.?

Online Gambling Expansion Following U.S. Casinos ClosureSome analysts doubt that lawmakers in the U.S will focus on the online gambling expansion. It is due to the public health crisis due to the coronavirus pandemic. Fourteen states with pending online-gambling legislation have suspended their sessions.

Though ten states offer legal online gambling, it includes Pennsylvania, New Jersey, and Nevada. But only three offers online casinos, four for online poker, and most states offer online sports betting.

Sports betting is an activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet varies by culture. Sportsbooks comparing betting odds for patrons while enjoy watching their games.

In New Jersey, casinos team up with companies for sportsbooks and online casino games. With the National Basketball Association and other sports leagues on suspension, sportsbooks have only a few remaining wagers.

Moreover, according to reports, online poker and online casino games have doubled the number of new customer sign-ups in the past week. Therefore, the total wagered on casino games is up to 50% in New Jersey and 40% in Pennsylvania from the preceding week.

 

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