Legalization of Sports Gambling and Internet Casino Games in the U.S.
Recovering gambling addict Brian Hatch discusses the dangers of sports gambling as it becomes legal in more states. Industry experts predict more states will join in offering internet casino games. Some states are hesitant due to concerns about revenue cannibalization and lack of familiarity with the industry.
Key Points
- More states are expected to legalize internet casino games in the near future
- States like New York, Maryland, and California are likely candidates to join in offering online gambling
- The industry faces challenges in terms of legislation and public perception
Pros
- Potential increase in tax revenue from internet gambling
- Ability to fund programs to discourage compulsive gambling and help those with gambling problems
- Creation of jobs in the online gambling industry
Cons
- Concerns about cannibalization of revenue from traditional brick-and-mortar casinos
- Challenges in passing legislation due to lack of familiarity with the industry among lawmakers