The Development of Online Gambling in the US

User Review
0 (0 votes)

Gambling is the US has a long history but on the other hand, online gambling is still a new concept for American citizens. When it comes to betting with real money, online technological advancements in the US has helped a lot. It all started in the mid-’90s when the concept of online gambling came into existence in the US. Of course, it was illegal back then, but in early 2000 online casinos started to be regarded as a legitimate, regulated business. In 1997, a shocking report came in, claiming that online gambling revenues were about $200 million a year. If we compare it to today, then the online gambling industry makes an estimated one billion dollars annually.

In general, you can play poker and casino online in the USA. You can also place bets on sports through various websites and an online gambling app. And then there is a question of the legality of online gambling in the US; we will discuss that later on in the article.

As stated earlier, the concept of online gambling is very new to the citizens of the United States of America. This is all dated back to 1994 when the world’s first online gambling website was created when the internet was well commercialized. The Caribbean nation of Antigua and Barbuda created the first gambling website in the world. In 2018, Omnia Casino created the world’s first-ever 100% artificial intelligence-built online casino.

In 1997, online gambling revenues in only the US were about $200 million a year. But suddenly, the unexpected happened; in 2006, the US government banned all forms of online gambling services for the citizens of America. This decision left a big dent on mobile gambling as well as other online gambling services. But time passed, and the government saw the opportunity of colossal revenue generation, so some of the US states legalized the concept of online gambling. As of today, states like New Jersey, Colorado, Michigan, Pennsylvania, West Virginia, and Indiana made online gambling legal in their respective regions. This is part of the reason that the online gambling industry in the US makes an estimated one billion dollars annually.

Online gambling can be done in two different ways. The first is gambling via online gambling websites and the second is gambling via mobile gambling apps. When we talk about the US, then quite a few gambling websites come to mind. Some of the top gambling websites for US citizens are El Royale Casino, Wild Casino, Slots Empire, Vegas Casino Online, BetOnline, Chumba Casino, and Global Poker. The first step in getting involved with online gaming is by choosing the perfect gambling website for you. In online gambling, there are certain benefits that you cannot get in offline gambling. These are deposit bonuses, loyalty rewards points, and regularly offered promotions – just to name a few.

The gambling apps are mini versions of the gambling website we were discussing above. Many of us do not have the luxury to sit in front of a computer for hours to research and bet. Therefore, gambling apps are created. These apps provide the same features, service and trustworthy vibes as the gambling website. With these mobile apps, you can now gamble on the go. It doesn’t matter whether you are in a metro or stuck in a traffic jam, now you can do research and gamble on the go with ease. Some of the operators that provide mobile apps for their gambling sites in the USA are Bovada, BetOnline, Betway, 22bet, and Spin Casino. These apps are created for all types of mobile phones like Android, iOS, and Windows.

According to the US government, it has not implemented any federal law against playing online; merely placing wagers online is legal right now. But there is a big catch to it. Placing wagers online is legal, but not in all of America. Online gambling is legalized on a state-by-state basis, and you cannot gamble online in every state of America.

After the ban on all gambling services in the year 2006, we can now observe that the US government has seen the right way to implement laws for online gaming to increase their revenue from it. As it stands today, we can say that the future of online gambling in the US is looking bright. To set online gambling on the right path, the US government has not implemented any federal law against playing online, simply placing wagers online is legal right now. Many states in the US have already legalized the practice of online gambling. Such states are New Jersey, Colorado, Michigan, Pennsylvania, West Virginia, and Indiana.

In the future, we can expect many more states to join this list. These states could be California, New York, and Massachusetts. With the help of e-currencies like Bitcoin, the online gambling businesses are blooming. Blockchain technology is playing an essential role in the development of the online gambling industry. This is because blockchain technology is fast, safe, and benefits both the casino as well as the player. With help, advanced technology gambling websites can improve client satisfaction. That is why many companies are already investing in it. According to particular research, it is projected that the online gambling industry is expected to be worth more than US$94 billion by 2024.

To conclude, we can say that the US had its share of ups and downs when it comes to online gambling. From banning it completely then legalizing it partially throughout the county, online gambling has become a gigantic industry for revenue collection today.