US States agree online gambling bills
News this week that first Nevada then New Jersey have agree bills that legalise online gambling. Hurrah I hear you shout!
But wait, what’s this? Read through the detail and you find that actually both bills are a bit restrictive in terms of the fine detail.
In terms of the latter, the bill only allows Atlantic City casino companies to take online bets. Furthermore, the bill will only allow bettors from other states to gamble online, as long as regulators determine that the activity isn’t prohibited by any federal or state laws. So not really true online gambling then? But I suppose it’s a step in a positive direction for those that would like to see the US open up a bit.
Now that two states have agreed some sort of a framework, it’s likely others will fall into line. You also can’t rule out that while it’s only Atalantic City Casinos that can offer an online experience, it’s quite possible that existing overseas incumbents could partner these Casinos with ready made offerings that offer incremental business for both sides.
I await further developments with interest.
Category: Industry news
