The iGaming market has been growing for close to a decade in the United States. A great deal of attention has been given to the Supreme Court ruling of 2018 which allowed states to introduce online sports betting but iGaming has been available for some time in the United States. In 2013, Nevada became the first state to legalize online poker and although further progress has been slow in the Silver State, others have taken the opportunity to introduce legal iGaming.
New Jersey, West Virginia, Pennsylvania, and Delaware all acted quickly to introduce legalized iGaming and they have each seen plenty of growth. Many businesses throughout the world have faced challenging times but the iGaming industry in the US has enjoyed plenty of success and looks set to continue growing, even throughout difficult economic periods.
There are many reasons why iGaming is becoming popular in the United States and convenience is one of the leading factors. It is now possible to play slots, bingo, and table games from the comfort of a living room chair. Not only can participants play software based casino games, but it is also possible to play casino games, such as blackjack, roulette, and baccarat online against other people, with a real dealer.
As the figures show for New Jersey and Pennsylvania, there is huge money to be made from legalising iGaming. Not only do the iGaming companies make a good profit but the state also benefits from taxes. It is believed 25 or more states may have legalized and launched iGaming by 2025 and if the revenue figures being produced by New Jersey and Pennsylvania are anything to go by, they are going to be in for some significant gambling tax revenue.
One of the many states that could soon be introducing iGaming is Connecticut. Connecticut is to get online casino gaming after House Bill 6451 recently passed by an approval vote of 28-6. Governor Ned Lamont is expected to sign it into law quickly and we will soon see the launch online casino sites in the Nutmeg State. Both the Mashantucket Pequot Tribe and the Mohegan Tribe run casinos in the state and they will be in pole position to offer legalized online casino games. Revenue generated by online casino gaming in Connecticut will be taxed at a rate of 18% for the first five years and it will then move up to 20%.
California, Illinois, Indiana, Iowa, New Hampshire, Tennessee, Michigan, Montana, and Rhode Island are all examples of states that have recently legalized some form of iGaming and the number of states is set to increase throughout 2021 and into 2022. Some of the states where we could see the introduction of iGaming within the next year include Florida, Maine, Kentucky, Kansas, Massachusetts, and Missouri.
It Is an exciting time to be involved with iGaming in the US. The number of states legally offering iGaming is only going to increase and this is great news for those wanting to gamble online.