Increasingly Favorable Conditions Spur Online Gambling Growth

The number of states which are launching online betting businesses continues to grow as the legal infrastructure and public opinion have turned in favor of such services. For example, according to a report by Hartford Courant, a rewrite of gambling law in Connecticut, agreed to by Gov. Ned Lamont and the two tribal casinos, passed its first test in the General Assembly. The increasingly friendly attitude towards such services can be explained by their high demand and potential for tax revenue. For instance, online gambling and online sports betting brought in USD 42.7 Million in gross receipts during the first 10 days of legal play in Michigan, state regulators recently announced.

To illustrate just how popular online sports betting is in states where the market can already operate, a report by the Chicago Sun-Times indicates that New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, spending almost USD 668 Million in August on events including the resurgent baseball, basketball and hockey seasons that had been interrupted by the outbreak.