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
Contains commercial content
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 / 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
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 ...
U.S. online casino has ‘potential’ to grow despite slow development
According to Wayne Parry of the Associated Press, the industry for online ...
BetMGM Promo
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 ...
NBA Weekly Preview, Games of the Week, MVP Odds
The Lakers pulled off a big win over the Nets earlier this ...
Sportsbook of the month
PointsBet - Get your Bonus Bet now! Get your Bonus Bet now!
Latest News
Ontario iGaming Update For June 2023 – Province Becomes Fifth Largest i...
Online gambling and sports betting has only been ...
MGM Resorts implements new gaming streaming, photo policies
Hospitality and entertainment company MGM Resorts International has ...
Danville: Golden Nugget casino officially opens this Saturday
The Golden Nugget Danville Casino will finally open ...
Mississippi gaming revenue hits $3B milestone record
Mississippi's gaming revenue has surged from $122 million ...
Fanatics Sportsbook in talks to acquire PointsBet USA
Fanatics Sportsbook, the sports betting division of renowned ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.6/5
BetMGM
BetMGM
BetMGM Review
4.6/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
PointsBet
PointsBet
PointsBet Review
4.5/5
FanDuel
FanDuel
FanDuel Review
4.5/5
Bet365
Bet365 Bonus
Bet $1 & Get $200 in Bonus Bets
T&Cs apply
4.6/5
Bet $1 and Get $200 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
100% up to $1000
T&Cs apply
4.6/5
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
4.5/5
PointsBet
PointsBet Bonus
5 x $50Bet Credits
T&Cs apply
4.5/5
FanDuel
FanDuel Bonus
Get up to $1,000 back in bonus bets
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!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

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.

21+NCPG
Move to Top
Close
Stake.us Exclusive Bonus
5% Rakeback
Promo Code
Copy
Visit Site
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 Bonus 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