Internet Casinos Generate Billions in Revenue in Six States
Expansion of online gambling faces hurdles due to unfounded fears and competition with sports betting.
- Internet casino gambling has been operating in New Jersey for 10 years, generating nearly $7 billion in revenue for casinos and their affiliates, and over a billion dollars in tax revenue for the state.
- Currently, only six states offer internet casino gambling: New Jersey, Connecticut, Delaware, Pennsylvania, Michigan and West Virginia.
- Reasons for the limited expansion include unfounded fears that internet gambling will draw gamblers away from physical casinos, and a higher priority effort to approve sports betting.
- Some states may be hesitant to forge ahead with internet casinos, viewing it as a more serious, high-stakes form of gambling than online sports betting.
- Internet gambling has generated $16.3 billion in revenue for the states that offer it, according to the American Gaming Association.