The recent news of three states – New Jersey, Delaware and Nevada – all being granted licenses to legally trade online gambling will come as a massive relief to all involved within the industry. The US market made up a huge proportion of online gambling, and not just for US based sites.
As laws are lifted and as more companies gain acceptance to trade in those states, then the growth of the online gambling industry will likely be huge. What has to be remembered though is that these are very early days in what’s going to be a very long drawn out procedure. Whether the industry can even get back to its original state remains highly doubtful, but it will at least provide a legal outlet for players and also a massive revenue stream for all involved.
As laws are lifted and as more companies gain acceptance to trade in those states, then the growth of the online gambling industry will likely be huge. What has to be remembered though is that these are very early days in what’s going to be a very long drawn out procedure. Whether the industry can even get back to its original state remains highly doubtful, but it will at least provide a legal outlet for players and also a massive revenue stream for all involved.
THE GRADUAL LEGALIZATION OF MOBILE GAMBLING IN THE USA
The figures are likely going to make or break this industry and the revenue generated will be a huge factor as to how many states run with the legalisation of online gambling. What’s imperative is that states that have already legalised online gambling are open and honest about how much money is coming in. From an industries perspective, this is the only way in which other states will open their doors. The likelihood of this happening remains to be seen!
Expansion is something that the US is good at, and the pride that each state holds will almost defiantly be a factor. None want to be outdone by their neighbour and there is plenty of this potentially sizeably chunky pie to go around.
The only concern is the speed in which this expansion takes place. It won’t survive on a handful of states lifting the law; it has to come from the majority and even to the point where there are only a handful that are still opposing.
The ball is definitely in motion with this one though, and that is so much more than could be said even just twelve months ago.
The figures are likely going to make or break this industry and the revenue generated will be a huge factor as to how many states run with the legalisation of online gambling. What’s imperative is that states that have already legalised online gambling are open and honest about how much money is coming in. From an industries perspective, this is the only way in which other states will open their doors. The likelihood of this happening remains to be seen!
Expansion is something that the US is good at, and the pride that each state holds will almost defiantly be a factor. None want to be outdone by their neighbour and there is plenty of this potentially sizeably chunky pie to go around.
The only concern is the speed in which this expansion takes place. It won’t survive on a handful of states lifting the law; it has to come from the majority and even to the point where there are only a handful that are still opposing.
The ball is definitely in motion with this one though, and that is so much more than could be said even just twelve months ago.
