Online Gambling Seeing A Boom In The COVID-19 World
June 19, 2020
The world is going to change rapidly from the one that we knew before the worldwide pandemic of COVID-19 struck and caused so many issues. One of the upsides to this new world that we find ourselves in is the fact that multiple states in the United States could be open to legalization of online gambling and sports wagering.
A recent video call between industry leaders at the SBC Digital Summit discussed the issue in a session called “Sports Betting in America”. During this call, those who voiced an opinion largely stated that they found it likely that states would relax some of their restrictions against gambling activities. After all, huge numbers of people are working and staying at home all the time now. Isn’t it about time that we acknowledge that people want to wager at online casinos?
The states have a huge incentive to legalize and regulate this activity. Doing so puts them in the driver’s seat to collect a large amount of tax revenue that they otherwise would have missed out on. This is not a time that any state can afford to stick its nose up at any source of revenue that it could possibly acquire.
A big step for those in the industry is going to be how they educate lawmakers who are unfamiliar with how legalized online gambling would work. Many lawmakers have never even gambled in their life or have only done so very sparingly. They are not familiar with the issue, and many of them don’t much care one way or the other about the topic. Industry leaders have to educate them so as to inform those people about what they can do to help people gain more freedoms by legalizing online casinos and gambling.
For a time every single land-based casino in the United States and Native American territories closed their doors. They had no choice but to do so when the COVID-19 virus hit those areas fiercely. However, some of those land-based casinos are slowly beginning to reopen their doors. Doing so poses challenges to be sure, but also opportunities for the online operators to do what they need to do to take care of the new crop of customers that is ready to play on. Before long, it will be an awkward position for a state to hold out on allowing people to gamble online as so many others are open to this reality.