Internet gambling is not a total windfall for the casinos, who must share part of what they win from online casino games and sports bets with third parties including tech platforms. In terms of tax revenue assessed on internet casino bets over those same time periods, Pennsylvania generated $1.83 billion New Jersey and Michigan each generated $1.03 billion Connecticut generated $88.4 million West Virginia generated $44.2 million and Delaware generated $19 million. Through September of this year, New Jersey generated $6.91 billion since November 2013 Pennsylvania generated $4.34 billion since July 2019 Michigan generated $4.1 billion since January 2021 Connecticut generated $615.3 million since October 2021 West Virginia generated $294.7 million since July 2020, and Delaware generated $59.1 million since November 2013. Collectively, internet gambling has generated $16.3 billion in revenue for the states that offer it, according to the American Gaming Association, the gambling industry’s national trade group. Legal internet gambling in New Jersey leads the nation in the amount of taxes paid to governments and money won by gambling companies. “I’ve met people that I go to lunch with. “There’s a lot of things to do there,” said Vallaster, who once won $14,000 online. Lawmakers plan to try again next year.Įlaine Vallaster of New Jersey has been playing internet slots for about three years on the site, where she also likes the free bingo games and a chat function that has enabled her to make several friends with whom she socializes in real life. A report from the state’s Legislative Services Agency warned of that, citing “loss of tax revenues from displacement of gaming activities at brick-and-mortar casinos and racinos” of $134 million to $268 million a year. One of those states may be Indiana, where an online casino bill died in February due in large part to fears that it would hurt the state’s existing physical casinos. “Online casino has always been a tough sell,” Krafcik said. Krafcik predicted “only a very small number of states” will legalize online casinos by the end of 2027. Another factor is competition from online giants like DraftKings and FanDuel that control nearly half the online casino market in the U.S. However, Chris Krafcik, managing director of the Eilers & Krejcik gambling analytics firm, said some states may be hesitant to forge ahead with internet casinos, which some lawmakers may view as a more serious, high-stakes form of gambling than online sports betting.

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