Despite being heavily regulated in the United States of America, the iGaming industry is still one of the biggest in the country, as it continues to grow in popularity across the region.
Of course, there are a number of different reasons as to why the sector is becoming highly popular, with more and more people looking to play a variety of different games and get involved in sports betting to access a new form of entertainment, pick up a new hobby, or to simply try and add some money to their income by trying to win big.
Naturally, each state in the United States of America has taken note of the increase and rise of the iGaming sector, which has then meant that they would look to act upon it and try to take advantage of it by providing some updated legislation that allows for the gambling activity to take place within their borders.
iGaming is regulated heavily but Supreme Court have paved the way to make it easier
As mentioned, the US is still regulating gambling rather highly, however there have been changes in the law in recent times that has meant that it is becoming slightly easier for iGaming operators to set up their operations.
One way in which the country is allowing operators to set up businesses is by letting each state make a decision about whether to permit it or ban the activity within their borders and then allowing them to introduce their own legislation.
Unsurprisingly, there have already been a number of states that have taken advantage of the Supreme Court ruling that the state of New Jersey managed to achieve in 2018, with iGaming operators able to provide platforms and operations in various areas around the country.
For instance, there is a plethora of states that have already allowed sports betting to take place, whilst there are only a handful of states that currently allow for online casinos that have slots and games to play, such as Pennsylvania, which facilitated the appearance of the first online platforms for its residents in July 2019.
However, whilst there are a vast number of states that have looked into passing new laws and legislation to allow for gambling to take place, there are still some states that are opposed to the idea, with some not even considering the possibility of permitting it.
Why are US States approving iGaming?
There will be a number of reasons as to why even more states are continuing to flirt with the idea of approving iGaming activities within their state borders, although the biggest will subsequently come down to the money that is involved and can potentially be earned by allowing it.
For instance, there are a number of states who already allow for legal online gaming and mobile sports betting that have benefited financially due to the taxes that can be made from the operators who have services being utilized within the region.
With the financial climate having been impacted over the last few years, the taxes earned are a huge positive for many of the states involved, as it will have provided them with some much-needed additional funds, whilst also lifting a burden that may have been faced due to the amount of revenue that may have been lost elsewhere.
Lawmakers have always been desperate to find a way to top the coffers that they have and it is thought that iGaming could be the best way to do that currently.
Another reason includes trying to make their states more appealing to others, as this could be a way to boost the income generated as more and more people may decide to move to the area.