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Though it seems like the US has done nothing but prosecute the online casino industry, the online casino industry has persevered time and time again. With every new piece of legislation that passes, online casinos are thinking of new ways to make their operations legal. As it stands now, there are hundreds of online casinos that people everywhere in the United States can play at. In addition, a handful of states have made it legal to gamble online within their specific borders. This is a trend that is just beginning to pick up momentum. Statistical Analysis of Online Gambling Revenue in US The relatively new online gambling market in the United States completed its third full year of operations in 2016. The US regulated iGaming market is comprised of three state jurisdictions where online gambling is legal at the present time Nevada , New Jersey and Delaware. Of the 3 states, New Jersey has accounted for more than 90 percent of iGaming revenue in the United States.
Although online casino gaming is also permitted in Delaware, it is a considerably smaller state. For the year as a whole, iGaming revenue in 2015 was up 19. In 2016, the organic growth witnessed in 2015 continued and online gambling revenue increased by 24. In contrast land-based gambling revenue in the US during the same period has been flat. That forecast includes all online casino and online betting activity within the United States. Morgan Stanley Research The fact that these online casino websites appeal to a younger demographic is the main reason why the online gambling market in the US is predicted to get bigger, and real-money gambling transactions in regulated iGaming markets are expected to be processed more efficiently. Additionally, other states including Pennsylvania are considering legalizing online gambling in 2017. At any given point in time, there are a few measures in state governments who have the goal of establishing an online casino industry.
So far, these efforts have been met with limited success. To aptly answer this question, we cannot give a solid answer. While there is a good chance more online casinos will be legalized and regulated, the process to make this happen is a slow and arduous one. Will I get in trouble for making deposits at an online casino? It is always important to check your local laws before ever playing at an online casino, but the fact of the matter is that no one has ever been arrested nor prosecuted for depositing real money at an online casino. Are cashouts processed slowly? Because cashouts from online casinos in the US are a bit different than they are in other parts of the world, you might have a few questions.
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Author: Mark Notman
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East Lansing, Michigan