Tag: online gambling
Online Gambling Hopes Die in Georgia, Others
Several states had been holding out hope for some sort of online gambling legislation this year. And while many states have been able to get legislation passed, others seem to be stuck in political and ideological fights that mean players have to wait. One of those states is Georgia. Efforts to legalize web based sports betting there hit a major roadblock last week as the state legislature failed to advance a constitutional amendment before the deadline. This setback came despite strong support from professional sports teams, business groups, and even the governor. With the deadline passed, chances of passing any…
The High Stakes Future of Online Gambling in America
Online gambling in America is still a growing industry. Sports betting, poker, and casino games are legal and regulated in several American states, but there is huge room for growth! Where in online gambling legal now? What states are about to regulate it? And which states have no chance of allowing them? Sports betting, poker, and casino games are all moving into the digital age, and while nothing can quite replace being in a casino, or the feeling of the chips in your hands, or the complimentary alcohol they bring you… online gambling in America is the future! Or,…
New Guidelines for Online Gambling Regulation
A guide for jurisdictions considering online gambling regulation has been drafted by the National Council of Legislators from Gaming States. The proposed Model Internet Gaming Act will be open for public comment, commencing today and continuing through December 31st. The draft proposal, developed over several months by the select Committee on Model Internet Gaming Legislation, suggests a wide range of policies for state legislators, regulators and other stakeholders to consider. In developing the online gambling regulation framework, NCLGS notes: “The objectives of this model legislation are to establish an effective, comprehensive, and efficient regulatory framework consistent with public policy that…
Online Gambling to Reach $213 Billion by 2028
The global online gambling market is expected to grow at a compound annual growth rate of more than 12% from now through 2028. Gambling is highly sensitive and responsive to new technologies and innovations. The unprecedented growth of online gambling activities, such as online casinos and betting on sites like WoomBet, has propelled players in the online gambling market to adopt new technologies to survive the competition. One such technology which is widely making inroads into the industry is augmented reality and virtual reality. The gambling industry has the highest potential to use AR and Virtual Reality technology in the…
New Hampshire Online Gambling Update
A New Hampshire online gambling bill has passed the state Senate, the first successful internet gambling vote by a Senate in 2023. That bill, SB 104, was drafted by Representative Tim Lang and narrowly passed the chamber despite concerns that legal iGaming could cannibalize land-based casinos in the state that provide Lucky 7 electronic games and historical horse racing. Charitable gaming operators in New Hampshire offer part of their revenue to the state to fund various charities, and many suggest that an expansion of online gaming could adversely affect these efforts. In response to these concerns, an amendment was added…
New York Online Gambling Bill Proposed
The man responsible for sports betting in his state is back at work. Senator Joseph Addabbo has rolled out a New York online gambling bill that would regulate web based casino games, including slot machines. The bill also has provisions for live dealer and table games, as well as for online poker. In true New York fashion, however, Addabbo’s bill proposes a tax rate of over 30% to be imposed on operators. That’s about twice as much as the usual 15% in other states that have regulated internet casino games. But before we get ahead of ourselves, this bill has…