Predictably, the states of Nevada, Delaware, and New Jersey are generating revenue from the onset of online gambling, made legal in all three states last year. Now seven other states are thinking of following their lead. Nevada legalized online gambling in April of 2013 while Delaware followed in October and New Jersey in December. Other states in legislation include California (which would also allow tribal casinos), Illinois, Iowa, Mississippi, and Massachusetts as well as Texas and Pennsylvania.
Proponents of online gambling in New Jersey are encouraged by results over the first two months. Internet casinos generated $9.5 million in January, exceeding the $7.4 million in December, making for an increase of 28 percent. When the online gambling bill was introduced to the New Jersey Legislature, physical casinos in Atlantic City acted. Six casinos, including Trump Plaza, Trump Taj Mahal and Caesar’s, went to work to develop their own online gambling sites to counterbalance any competition.
In Delaware, online casinos generated just over $250,000 over the first seven weeks, increases of about 8 percent month-over-month despite technical problems which plagued online gambling sites over the first few weeks. How much of an impact online gambling had in Nevada in 2013 is unclear. The state’s 2013 report shows only combined live and online gambling revenue which amounted to just under $153,000,000.
Those who are considering opening an online gambling website need prioritize. And first on the to-do list is to obtain an online casino merchant account that can process credit and debit cards. Online Gambling has long been legal in other countries, and there are credit card processors here in the U.S. who have extensive experience in working alongside online gambling merchants.
Massachusetts recently awarded three licenses to build casinos in different parts of the state. Though the proverbial shovel has yet to break ground, there are two bills in the Massachusetts legislature that would legalize online gambling within the Bay State’s borders.
Instabill, a credit card processor for e-commerce businesses, anticipated the legalization of state-by-state online gambling years ago. Online gambling, both on the state level and international level, has been a frequent subject among several of Instabill’s blog sites.
Learn more about online casino merchant accounts with Instabill.