As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / News / US Gambling News / U.S. traditional casinos still dominate despite online gambling growth

U.S. traditional casinos still dominate despite online gambling growth

Publish Date:April 22, 2023
Fact checked by: Jesse M Cox
Stock Photo, tags: traditional casinos dominate gambling - cdn.pixabay.com

Stock Photo – cdn.pixabay.com

American Gaming Association (AGA) reported that while internet gambling has grown considerably, traditional casinos still dominate the industry in the United States. Internet gambling accounts for only a small fraction of the overall market despite sports betting growth in recent years.

Industry leaders and lawmakers from states that have legalized gambling gathered on Wednesday at the East Coast Gaming Congress in Atlantic City. During the event, they discussed several reasons for the slow expansion of online gambling beyond the few eastern states where it is currently legal.

Possible factors of slow online gambling expansion

Sports betting is available in 33 states and Washington, D.C., yet only six states have legalized online gambling.

While some speculate that fear of losing revenue to brick-and-mortar casinos may hold states back, others, including attorney Lloyd Levenson, find it puzzling.

“It’s a mystery to me why we have 30 or so states that have sports wagering, and only six that allow I-gaming,” Levenson said.

According to Shawn Fluharty, the minority whip of the West Virginia House of Delegates, online gambling generates much more revenue than sports betting, with one month of online casino revenue in his state equivalent to three months of sports betting revenue.

In 2022, internet gambling generated $1.6 billion in New Jersey, marking an increase of over 21 percent from the previous year. The nine casinos in Atlantic City earned almost $2.8 billion from in-person gamblers, a nine percent increase.

Indiana state Senator Jon Ford shared that the state could not pass a similar bill this year due to an analytical report from legislative researchers.

The report revealed concerns that online gambling might significantly influence the revenue of traditional casinos. Ford questioned the report’s validity and planned to reintroduce the bill next year.

Meanwhile, some casino companies hesitate to work with online gambling platforms, viewing them as an existential threat.

“There’s a fight for dominance within the casino industry about who gets growth,” Levenson said.

According to Fluharty, gambling expansion is less likely to receive support, especially in states with Republican-controlled legislatures, which govern around 65 percent of the U.S.

With several federal pandemic-related financial aid ending, however, Fluharty and others said that would likely seek alternative revenue sources to avoid raising taxes. As a result, internet gambling could see a resurgence in interest in many states.

Read Also
Atlantic City casinos await New Jersey lawmakers’ smoking ban verdict
State lawmakers move closer to a total smoking ban in Atlantic City ...
The American Gambling Association praise the upward trend of online gambling and its effects on the US Market
The CEO of the American Gambling Association (AGA), Bill Miller, has praised ...
BetMGM Promo
U.S. online casino has ‘potential’ to grow despite slow development
According to Wayne Parry of the Associated Press, the industry for online ...
DOJ Crack Down On Offshore Bookies
Earlier this year, the scourge of offshore bookies came under the spotlight. ...
Record Breaking Year for US Casinos
2021 was a record breaking year for US casinos, as the industry ...
Latest News
Nevada Casinos kick off 2024 with record-breaking start
The gaming industry in Nevada started 2024 with ...
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM
BetMGM
BetMGM Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $150 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
20% up to $1000
T&Cs apply
4.5/5
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
Play now
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site