A Gold Rush Called Internet Wagering in America

Published Saturday, February 09, 2013 - Online-Casinos.com

The world of online gambling is undergoing huge change as America continues to tease punters with the possibility of being able to play legally with real money. It is sort of like the circus coming to town with a measure of excitement and trepidation knowing there will be a show that could involve danger and clowns. New Jersey has made choices that will rival Nevada to offer online poker and other games and possibly save the failing Atlantic City from its slide into oblivion.

Nevada just reported a major increase in the Las Vegas spend which gives that State a boost in revenues as well as confidence in moving forward with its internet options. For the third year in a row, Nevada’s casino revenues realized a year-end increase, reaching $10.86 billion in 2012, an increase of 1.5 percent from the 2011 figure. This is significant from the standpoint that things are improving from the low point in revenues due to the recession of 2008.

The legalization of online gambling in America is a complicated affair with 52 States clashing with Federal authorization and Tribal agreements." Analysts have commented, "Up to eight other states are currently preparing legislation, but attitudes vary, with some states (such as Delaware) aiming to reserve the market for the state lottery and others (such as California) planning only on regulating poker," Estimates have been made that the size of the market in New Jersey varies between $500 million and $1 billion.

New Jersey has been slow off the mark but has signaled that there is some light at the end of the tunnel for operators who are ready and able to cash in on the trend. European online gambling partners are being sought by the big casino and resort operators from America as the door has been opened and the prospect of a healthy profit presents itself.

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