Online gambling is growing in popularity and is being regulated by different states in the U.S. The first states to legalize online gambling were Nevada and Delaware. New Jersey legalized online casinos in May 2013. However, many states are still unsure whether they want to legalize online gambling. For example, in New Jersey, online casinos generate over $80 million per month in tax revenue. Other states that are considering legalizing online gambling include Arizona, Georgia, Missouri, and South Dakota. The next state to take action is New York, which could make a law governing online gambling available in the state.
Although there are several reasons for regulating online gambling, the main one is to protect consumers from scams and to make the industry more legitimate. In the past, gambling online was regulated by state and local governments, but the Internet has made it easier to participate in games. This legislation would make online gambling more secure and make it easier to access for Americans.
The online gambling market is highly fragmented, with global and regional players. Major players are increasing their presence in the market by expanding their brand portfolio, conducting mergers and acquisitions, and launching innovative products. The most common strategy among key players in the industry is to purchase another company’s assets to increase their market share. Ultimately, this strategy allows companies to expand their product range globally.