Is online gambling in America poised to take off this year? All indications point to yes, and you can thank the sports betting industry for that! Not only did mobile sports betting provide a blueprint to regulation for online casino games, but it opened the door for states to see how much their is to gain from doing so! This week we look at the regulation of internet betting, and discuss how gaming companies are preparing for the move, as well as the ties to cryptocurrencies.
All the pieces of the puzzle are there from mobile sports betting: Geo-location, age verification, and payment processing have all been successfully regulated, and now states see that online gambling in America can work. Now, at least one big state is ready to usher in online casino games.
After their record breaking start with mobile sports betting, New York is considering the legalization of web based casino games. State legislators are considering all forms of internet casino games such as blackjack, roulette, slots, and craps.
While New York has made millions from sports betting, the profits could be even higher with casino games. Sports betting is traditionally seasonal, while slots and table games are played all year long.
Industry insiders think is New York successfully regulated casino games over the internet, the online gambling in America could explode across many more states this year. We could very well be on the precipice of changing how we bet forever!
