Execs: US internet casino gambling poised for expansion
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Internet casino games have grown slowly, but there's potential for growth, according to conference participants. Sports betting has provided ready-made infrastructure and regulatory apparatus for online casino gaming. It's legal in six states: New Jersey, Pennsylvania, Michigan, West Virginia, Delaware and Connecticut. Panelists predict three or four additional states could adopt internet gambling. Since it launched internet gaming nine years ago, New York's casinos have won $4.79 billion from gamblers online. Nevada offers online poker. The revenue is not broken out separately from the in-person revenue casinos report to the state.
New Jersey is on the verge of extending its law permitting internet gambling for another 10 years. The state's governor, Phil Murphy, promised to sign the bill if passed. A 2018 U.S. Supreme Court ruling cleared the way for all 50 states to offer legal sports betting. Some state legislators are concerned that internet casinos could cannibalize revenue and customers from brick-and-mortar casinos. Luisa Woods is vice president of Delaware North, the gambling, hospitality and sports company that owns casinos in New York, Arizona, Arkansas, Florida, West Virginia and Ohio.
