Only six states have passed legislation allowing iGaming, which includes interactive table games and online arcade games. Through their controlled online casinos, those 6 states have really made more than $9.6 billion from casino players, generating enormous amounts of money in tax revenue each year.
About September 23, 2022, during the East Coast Gaming Congress, a panel discussion on the future of iGaming and the reasons it hasn't spread to new states as quickly as sports betting will take place. The gaming conference saw its 25th iteration this year. East Coast Gaming Congress, in picture
A few gaming professionals with a focus on iGaming convened to discuss the future of online casino gambling at the East Coast Gaming Congress (ECGC) last week at the Hard Rock Hotel & Casino Atlantic City. The discussion, titled "Whither iGaming," centered on why iGaming has been so sluggish to legalize in new jurisdictions as opposed to sports betting's quick development.
Why is iGaming running slow?
Prior to May 2018, only Nevada allowed single-game sports betting. The Professional and Amateur Sports Protection Act was overturned by the Supreme Court for violating anti-commandeer interpretations of the U.S. Constitution, although states now have the freedom to set their own regulations for sports betting.
In the four years since the landmark Supreme Court ruling, thirty-one states and the District of Columbia have legalized sports betting. As long as the wager is made physically within the state, many of those legal sports betting jurisdictions also permit online betting.
“Why has sports betting, a gaming vertical far less profitable than iGaming, expanded so much faster?”
Those worries could be valid. For instance, iGaming websites in New Jersey recorded gross gaming revenue (GGR) of $1.36 billion in 2017. Just $482.7 million was won in online slots and tables in 2019, an increase of 180%. In contrast, casinos in Atlantic City made $2.55 billion from actual slots and table games in 2021. But in 2019, the $2.68 billion that the nine land-based casinos received represented a decrease of over 5%.
Is iGaming stealing customers from Atlantic City's land-based casinos? Delaware North's vice president of marketing, gaming, and entertainment, Luisa Woods, disagrees. iGaming, according to Woods, who formerly oversaw Tropicana Atlantic City's digital operations, has only helped the casino's 바카라사이트 player base expand.