In some parts of the US, betting on a round of roulette or slots is as easy as drawing out a smartphone or installing a computer. Except for Nevada.
Industry observers say online casinos, also known as iGaming or iCasinos, will cover more markets this year. All the states reeling in the pandemic’s financial effects will seek new forms and classes of tax revenue. While online poker gets offered by the Silver State, professionals avow that it will take more than a year to broaden its virtual gaming offering.
Becky Harris, former Gaming Control Board Chairwoman, said that as more budgets were coming up short from all states, there would be more of a demand to pass some laws for iGaming.
New Jersey, Delaware, Pennsylvania, Nevada, and West Virginia are the five states that have already legalized iGaming to this date. Michigan is already set to initiate its sports betting and iGaming in the upcoming weeks.
Gaming analyst in Macquarie Chad Beynon hopes for more to walk the path created by these five casinos. With the shutdown and pandemic, the growth of this virtual industry is accelerating. He said around five states could come alive in 2020, followed by five more in 2023. By 2025, he assumes up to 27. More resourceful information about iGaming or iCasinos about iGaming’s spread over the US should become clear after the 2021 state legislature session.
Sara Slane who is a gaming consultant said that iGaming had extraordinary potential growth. It would certainly become alive in 2021. However, the consultant didn’t expect a countrywide embrace immediately.
It was going to be a continual conversation for next years as she added.
There are concerns about gaming responsibility and virtual security for gamers. Companies who are bringing up these online gaming platforms need to ensure the security and safety of consumers to maintain the popularity of iGaming.