Is this the year when online casinos will see a boost?
2020 was a bad year for business and the economy worldwide. Many companies closed their doors and many people lost their jobs. However, the US is moving to regulate sports betting. This will boost the growth of online casinos. California's figures are 54.3 billion $, Florida's $16 billion, New York's $14.5 billion. The US will increase the tax rate to 20% in 2021.
The US is in the process of legalizing sports betting. It is not available in every state, but in New Jersey you can bet online legally. New York state is the only state where it is legal to bet on sports. In June 2020 New Hampshire took $165 million in betting wagers. In July the state took a whopping $315 million. This translates into 9.5% of tax and revenue share being taken away by the tax man. Sports betting and casinos are the future. They are a way to recover and flourish from the overall impact of a world pandemic. The hope is that one of the best casinos in America will start taking sports bets in 2019.