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Category Archives: Online Gambling

A Slippery Slope: The Rise of Online Gambling During the Global Pandemic – Santa Clarita Valley Signal

Posted: February 17, 2022 at 8:34 am

Meta Description: The global pandemic and lockdown restrictions led to a surge in online gambling. The popularity of online gambling led to an increase in problem gambling.

During the Covid-19 lockdowns, people used their free time to explore the latest technological developments. Since they could no longer visit betting shops and hotel casino resorts, they started exploring gambling sites. The latest studies show how the pandemic led to a rise in online gambling and how this, in turn, led to an increase in problem gambling.

Online Gambling Grew Six-fold Study Shows

The global pandemic has turned our life as we know it upside down. In many ways it has been an enlightening couple of years both in understanding what we have, and also in recognising what we lack. Unfortunately, the need to self-isolate has opened a can of worms when it comes to compulsive habits. Recent research suggests there has been a rise in online gambling, some of which may tend to indicate addictive behavior and thus be problematic.

According to a University of Bristol study recently published in the Journal of Gambling Studies, male gamblers in the UK were more inclined to gamble online during the pandemic than they used to.

Both men and women could not gamble at land-based establishments during the lockdown, but they gambled online instead. Regular gamblers used online poker rooms, online bingo sites, online sportsbooks, and online casinos six times more than they used land-based gambling services before the pandemic. Occasional gamblers played online two times more than they used to play at land-based casinos. Moreover, those belonging to the low-income groups were more likely to gamble online during the lockdown.

Lead author Prof. Alan Emond says that the study gives a unique insight into how gambling patterns changed during the lockdown. Although the lockdown restricted several forms of land-based gambling, regular gamblers played more at online sportsbooks and online casinos. But easy access to online gambling services during the pandemic has harmed vulnerable groups.

Why Online Gambling Increased During the Lockdown

When people had to stay indoors, they increased their screen time to beat boredom and manage stress and got heavily exposed to online products and services, including online gambling. A few countries noticed that bookmakers advertised their products and services heavily on social networking sites and websites to attract potential customers.

People felt bored, restless, unproductive, depressed, and anxious because they could no longer engage in social activities. Signing up at online casinos and online sportsbooks became the perfect way to pass the time for most people who used to gamble occasionally or frequently before the pandemic.

Land-based casinos, racetracks, and betting shops shut down to curb the spread of Coronavirus. Major sports events were suspended, cancelled, or postponed to later dates, creating a void in the lives of sports fans and bettors. They filled the void by using online sportsbooks and online casinos.

Problem Gambling Side Effect of Online Gambling Popularity

According to a UK Gambling Commission study, 1.2% of the gambling population develops an addiction to gambling. But this percentage increases to 2.5% when one considers only online sports betting and 9.2% when one considers online casinos.

People tend to gamble more online because online gambling is fast-paced. You can place bets continuously online, and chasing wins and losses becomes easier.

Online players use credit cards to fund their online gambling accounts instead of cash. If they lose control over their gambling activities, they can run into unmanageable credit card debts. Moreover, you can access online gambling sites at all hours on all devices. Players can easily access them, play irresponsibly, and experience gambling harm.

Since you can gamble online in the privacy of your home, it is difficult for someone to notice that you have become a problem gambler who needs help until it is too late.

A few countries have understood the dangers of the rise of online gambling during the pandemic and have restricted the activity to curb problem gambling. Still, online gambling sites are easy to access and use, putting vulnerable sections of society at risk of getting addicted.

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A Slippery Slope: The Rise of Online Gambling During the Global Pandemic - Santa Clarita Valley Signal

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Cambodia Shuts Another 15 Illegal Gambling Websites – GamblingNews.com

Posted: at 8:34 am

Cambodia continues to double down on its efforts of keeping the online gambling industry clean. To this end, the countrys telecommunications regulator has been able to suspend access to 15 illegal online lottery websites. Cambodia stopped issuing new online gambling licenses on January 1, 2020, making it clear that interactive gambling would have no place in the country.

Instead, Cambodia has focused on promoting its resorts to boost its tourism and appease China, an important regional partner who insisted on discontinuing certain forms of gambling in the country. Meanwhile, the telecommunications watchdog said that it would continue to cooperate with the National Police and other relevant authorities to strike down illegal online gambling and lottery services.

The U-turn on gambling in the industry also saw Cambodia start working closely with overseas partners in a bid to crackdown on international money laundering and scams based either inside or outside the country. The newest efforts target 15 new websites, but they are far from the only illegal operators.

In November last year, Cambodia shut down 79 illegal gambling websites, arguing that they posed dangers to public security. Since then, authorities have only intensified their bid to shut down such operations.

Meanwhile, police managed to free 60 people who had become victims of human trafficking in the country and were forced to work in illegal online gambling operations. Cambodia has faced some criticism, especially in the case of the NagaCorp worker protests.

Workers were laid off en masse, which prompted long protests. The government has decided to act in a manner that many alleged backed the integrated resort operator. Many protesters also face jail time now, which has led to international outrage. Both NagaCorp and Cambodia have denied any complicity in the manner.

Cambodia has also been criticized for the ongoing human trafficking in illegal casinos and the United States issued a warning to travelers and businesses.

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Exclusive: Is Rivaldinho on His Way to the MLS? The Son of Former Ballon d’Or Winner Rivaldo is Talking to… – OnlineGambling.com

Posted: at 8:34 am

Brazilian striker Rivaldinho is eyeing a move to the MLS. According to Online Gambling sources, he is holding talks with two clubs after a transfer to Toronto FC collapsed recently.

The 26-year-old is under contract with Cracovia Krakow in the Polish top-flight but is on the lookout for a new challenge. A former player at Boavista in Portugal, as well as Dinamo Bucharest and Viitorul Constanta in Romania, Rivaldinho is the son of former Barcelona and AC Milan great and Ballon dOr winner Rivaldo.

This month, Rivaldinho turned down a loan move to Astana in Kazakhstan. His career in Poland never kicked off, as the talented attacker only scored once in 32 games for Krakow. This season, he started one game, also coming on from the bench on seven occasions. He told his representatives he would favor a move to the MLS over a comeback to his native Brazil, where clubs are also interested in him.

Online Gambling understands Toronto FC offered Rivaldinho a lucrative contract, but a deal could not be reached with Krakow over the transfer. Toronto then went for another player from the Polish league and signed Spanish forward Jesus Jimenez from Gornik Zabrze.

Ronaldinhos best season to date was 2019-20, when he netted 11 times for Viitorul in Romania. His most prestigious international goal was the beauty he scored against Athletic Bilbao in the Europa League while playing for Dinamo in 2017.

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Exclusive: Is Rivaldinho on His Way to the MLS? The Son of Former Ballon d'Or Winner Rivaldo is Talking to... - OnlineGambling.com

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Kootenay Gambling Support is bringing awareness to a rise in online gambling Rossland News – Rossland News

Posted: at 8:34 am

Kootenay Gambling Support is trying to bring more awareness to the fact that online gambling has significantly increased since the pandemic began. To that end, they are hosting a Gambling Awareness campaign in March 2022.

The Online Prevalence Gambling Study 2020 found that first-time online gamblers found that the convenience, 24/7 availability and comfort of playing from home were factors in them continuing to gamble.

Kootenay Gambling Support wants to bring awareness to gambling and the services and information available. Supports are also free and open for loved ones affected by someones gambling behaviours.They educate people who choose to gamble to make responsible choices to keep their habits healthy.

Kootenay Gambling Support will host a series of small events that they will post to their website and Facebook page [Kootenay Gambling Support]. They are launching a regional online contest titled Finding your Balance. People from the Kootenays can share their photos and stories about how they achieve balance during the pandemic. Share a high-resolution picture (300 pixels/inch) accompanied by a story, poem, haiku, or any appropriate description with a maximum of 50 words on the Facebook page with #GAM2022 or through email wkprevention@gmail.com.

Entries are eligible for a draw of three gift certificate prizes for your favourite local business. The value of the prizes will range from 1st prize $500, second prize $300 and third prize $150. Winners will be announced during the second week of April.

Kootenay Gambling Support continues to monitor the COVID-19 situation closely. They continue to offer responsible and problem gambling awareness and education services, early-intervention support, Indigenous services, and problem gambling counselling, free of charge, to citizens of British Columbia. In-person and virtual service options are available (telephone and videoconferencing), including counselling and outreach support.

For more information on any of these services, contact the Gambling Support Line at 1-888-795-6111, check our website at Kootenay Gambling Support or send us an email at michelle.prevention.education@gmail.com to connect with a local provider.

READ: Bet on it: a lot of money is going to change hands Super Bowl weekend

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Kootenay Gambling Support is bringing awareness to a rise in online gambling Rossland News - Rossland News

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What Are The Most Legit Online Casinos In The UK? – Salon Priv Magazine

Posted: at 8:34 am

When it comes to security, you cant be too careful and online gamblers are well aware of this reality. Assuming you are a UK gaming enthusiast, planning to enjoy the finest games at online casinos, your mission is simplified. Thats because the United Kingdom Gambling Commission regulates casinos that cater to local players.

Their license is widely regarded as the most reliable in the world and it holds gambling operators to the highest security standards. Once you narrow down the search to UK GC licensed casinos, you should also consider these factors when joining any of these operators.

Prospective players appreciate online casinos that offer generous bonuses to newcomers and existing members. These financial incentives are essential for boosting bankrolls, but also to offset the proverbial house edge. If you play at the most legit mobile casinos like fruityking.co.uk in the UK, you are certain to enjoy the bonus and the resulting winnings.

The only condition is to play by the rules and meet the wagering requirements before cashing out. Legitimate casinos will make these terms and conditions crystal-clear, so players will know precisely what to expect. The last thing you need to worry about is the bonus fine print.

When you find a reliable online casino in the UK, you are tempted to stick to it for many years to come. Thats why it is so important to find gambling operators capable of rewarding you in the long run. Ongoing and recurrent promotions are fine, but you should also aim for casinos that have a fully-fledged loyalty program.

These usually culminate with players attaining VIP status, which in turn, makes them eligible for special benefits. If you can trust the casino to provide you with these well-deserved rewards, your long-term experience will be greatly enhanced.

Online casinos allow players to try the games for free indefinitely using the play money they provide. However, since online gambling is so much fun when winning real money, players will eventually want to make a deposit. A wide selection of payment methods is a good sign, especially when they include only respectable banking options.

A trustworthy casino will encrypt the information shared by players, which includes both private data and financial transactions details. All these layers of security shouldnt come at the price of speed and both deposits and withdrawals should be processed quickly.

Even the most complex and amazing casinos should be easy to navigate. The security protocols used by the gambling operators to protect players dont have to be visible. What is important for players seeking the most legit online casinos in the UK is to browse an intuitive website.

An easy sign-up process, a site optimized for mobile devices, and professional customer support are all to be expected. Players who need assistance should have several channels of communication at their disposal to get help promptly.

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6 Reasons You Might Be Losing a Ton of Money at Online Casinos – The Game Haus

Posted: February 3, 2022 at 3:45 pm

If youre like most people, you enjoy gambling now and then. And if youre like most people, you dont live close to a casino. Thats why so many people are turning to online casinos to scratch that gambling itch. But before you jump in and start playing, there are a few things you need to know. It can be pretty intimidating to start playing at an online casino, especially if youre not sure how to go about it. With so many different games and betting options available, its hard to know where to begin. Luckily, review and strategy sites like 6Takarakuji are here to help. You can use sites like this to tilt the odds in your favor and increase your chances of winning. There are a ton of different options to choose from, and you can find one that fits your style perfectly. Whether youre into slots or table games, theres sure to be an app that appeals to you. However, finding a practical and effective method for a continuous casino win is almost impossible. Most gamblers are looking for quick cash, but many are unaware of the unpredictable nature of gambling and lack the knowledge and patience required to win. Every casino game has a built-in house advantage, and card games need skill and experience to live and succeed. Casinos are a place to have fun, but its difficult for people who wish to earn a livelihood there. Many problems and losses may be avoided with a realistic attitude and a well-balanced gaming style.

Even if the stakes are minor, fast-paced games may quickly drain a large sum of money. If you are not careful, fast games with a little house advantage may burn a hole in your wallet. Video poker, slot machines, and micro baccarat are fast-paced games where a predetermined stake amount and duration may save a lot of time and effort. On the contrary, it is skill games that you should concentrate on.

Casino games vary in complexity from mind-numbingly basic to crazily difficult. The first stage is to familiarize yourself with the games rules and techniques. The majority of gamblers who lose money do not understand the basics of gaming. Even basic games like craps and slots need a basic understanding of the rules. Even if the changes arent the greatest, you can still have a good time and win a little cash.

The most important part of surviving is establishing a time and financial limit. Playing casino games without self-control is hazardous to ones financial and emotional well-being. Set a spending limit before entering a conventional casino or taking a seat for online gambling, which should never be exceeded.

Gambling has become a popular kind of entertainment that needs little mental work. Because most casino games are based on chance and probability, the easiness may be harmful. The simplicity might let you let go of the required defenses and go with the flow. Gambling is easy, but it takes discipline, strategy, and risk management to make it exciting.

Online gambling has thrived thanks to modern digital technologies. Problem gambling is being caused by the ease of access and time spent on digital wagering. Gambling addiction is comparable to addiction to alcohol and drugs. The brain gradually becomes hooked to it, and you lose control over how much money and time you spend gambling.

You can bet for longer periods if you gamble from the comfort of your own home while sipping a glass of wine. The more you gamble, the more likely you are to lose, and the longer you wait until your judgment is clouded and you make a poor decision.

The casino houses freebies, such as bonuses, come with certain restrictions and limitations, such as the number of times you must play and the amount you may withdraw. To cash in on a bonus, you often pay more than you expected, wasting time and money. It may be inconvenient to read the lengthy terms and conditions, but it is necessary. Always live within your means; it will bring you joy.

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6 Reasons You Might Be Losing a Ton of Money at Online Casinos - The Game Haus

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How the online gambling landscape looks like in India – The News Mill

Posted: at 3:44 pm

If we look at the global landscape of online gambling in India, we may also say that its facing its Renaissance period. For starters, online gambling in India is growing, and Indias residents are daily searching for websites where they can play casino games.

Heres a list of casino sites which accept players from India, where you will see how vast the set of choices is. The numbers from numerous surveys we observed showed that more than 40% of residents from India have tried out online gambling at least once. These numbers signal that Indian people may surpass the UKs number of gamblers.

All these facts just give us a glimpse into what Indias gambling landscape looks like. But if you wish to dig a little deeper, and understand why Indian people want to learn all about betting to get the best scores and winnings whale playing roulette, slots, blackjack, and other casino games read our short but thorough analysis below.

The three main reasons for the growing popularity of casino games in the Indian online gambling landscape

Here are the three top reasons why the online gambling industry is growing in popularity in India:

As weve mentioned in the introduction, Indias residents look for gambling websites where they can gamble. Why is it that people located in India cant gamble in every online casino? First of all, you cant go to a land-based casino in each Indian state, only particular ones. This limitation is due to India being a decentralized country, and only three states in India allow people to gamble at land-based casinos. But the rise of online gambling platforms where Indian people could gamble created a perfect alternative and gave them a new-haven for casino games.

As the Public Gambling Act set numerous regulations for gamblers in India, the emergence of online platforms increased the number of online gamblers. Gambling at an online casino is still in the grey as far as the Public Gambling Act from 1867 is concerned, so this notion further explains the increase in interest in online casinos in the gambling landscape of India.

Recently, the optimal income of a middle-class Indian working person exceeded $10,000. Such salary increases further impacted the interest in online gambling in India. Namely, each middle-class Indian family can now afford smartphones, the most convenient tools for entering online gambling platforms. We may expect the middle-class in India to become greater in numbers than middle-classes in Europe, China, or the US in the years to come.

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Indian online rummy gaming market estimated to reach $1.4 billion by 2024: PMI CEO Anton Rublievskyi – Times Now

Posted: at 3:44 pm

The Online Gaming industry witnessed a massive growth during the pandemic in India. 

During the pandemic, with restrictionsimposed all across the country, it turned out to be a blessing in disguise for India's online gaming industry with millions of users switching to online gaming to kill time. Gone are the days when online gaming was just used for leisure. It has now emerged as one of the fastest-growing industries in India, with companies splurging huge money to engage more users on their platforms.

Speaking to timesnownews.com, Anton Rublevskyy - CEO of PMI - a gaming company, shared his views on how the gaming industry witnessed a meteoric rise during the pandemic.Rublevskyy also spoke about the marketing initiatives taken byParimatch international in the last years, the challenges being faced by the online gaming and betting industry in India, and his prediction of how the Indian online rummy gaming market grew from $335 million in 2019 and is estimated to reach $1.4 billion by 2024.

1) How did your iGaming journey start and what does it mean to you?

I started working in the IT sphere back in 2004 at the age of 18 with the project mobilnik.ua, a website dedicated to mobile phones. In 2007, the company was sold to the Obozrevatel media holding. In 2008, I launched two new projects based in Ukraine called Technoportal and Autoportal, websites for comparing prices of new and used tech and auto products, respectively. In collaboration with CIS, I opened a joint India-based business Autoportal.com, an online marketplace to distribute new cars all over India. It used to sell 3,500 brand new cars per month, which resulted in about $25 million in income. I met a Parimatch stakeholder in 2019 and by September I became a part of the company. This is the way PMI got its start. In PMI, I have a bunch of ambitious and exciting goals. The main focus and challenge is entering developing markets in Asia, Africa, and Latin America.

2) Tell us about the brands stint in India so far and how is the team working towards further elevating the consumer experience?

Parimatch brand is innovative and has got an impressive coverage. PMI is a company focused on the setting up and implementation of the Parimatch brand in the regions of Africa, Asia, Europe, and Latin America. It provides a wide range of necessary services (including tech, marketing, and communications) in the spheres of the gambling and betting industries. Innovations, new technologies, and a willingness to provide the most worthwhile gaming experience are the key drivers to move PMI forward. The Parimatch international team makes every possible effort to make iGaming even more attractive for the growing number of Indians who adore online betting and casinos.

3) What are some of the marketing initiatives youve undertaken in the last 1 year?

Brand Parimatch is a fast-growing and dynamically developing tech company that goes beyond its current competitors. We are so dedicated and engaged in our intensive work that we manage to test a huge number of hypotheses and various marketing projects throughout the year. The company pays attention to expanding and disseminating its presence everywhere, building a strong brand and attracting new customers. The main focus of our brand is to build trust. Our company has a 25-year history and more than a million loyal customers worldwide, and it strives to gain the customers trust. We managed to cope with certain limitations of the tools while applying all the necessary modern marketing approaches to reach our audience. We use various marketing channels to convey information about our product to hundreds of millions of Indians. These are social networks, influencers, and various sponsorship activities around the world. 2021 was a breakthrough year for us as we signed cooperation agreements with a huge number of football clubs, including Juventus, Chelsea, Everton, Leicester.

4) How the pandemic has changed the way Indians approach online betting?

The outbreak of the pandemic and all the restrictions on mass meetings and sports events impacted the sphere of online betting more than at any other time and sparked the rise of the industry. As 1.3 billion Indians were forced to stay at home and stare at the computer in search of entertainment and fun, online gambling was brought to a new level of online casino unparalleled booming. The Indian online rummy gaming market grew from $335 million in 2019 and is estimated to reach $1.4 billion by 2024. The market shares of online casinos rose tremendously. The total revenue from casino games will reach US $34 million in 2022, and it is expected to have an annual growth rate (GAGR 2022-2026) of 9.66%. The volume of the market is expected to reach US $50 million by 2026. Other online sports available 24/7 grew in popularity as well, and table-tennis became one of those. But the most significant impact of the pandemic on the market was the great shift from offline to online, especially when it comes to payments.

5) What's the future of online betting in India according to you?

India is one of the biggest nations, having a huge number of sports fans of cricket and other kinds of sports. It is one of the key players in the iGaming industry. The Indians live in a technologically advanced country and are fond of betting. Especially in the conditions of mandatory lockdowns when digital entertainment is the only way to have fun with family, friends, and like-minded people. The Indian people regard betting as a part of sports, just like a spice for food. More Indians are getting involved in online gambling and sports betting. Technological advancements (including, among other things, affordability of the Internet, Virtual Reality, and Augmented Reality), a variety of games, and the increased popularity of online gambling enhance the industrys growth. The market will grow bigger and get legalized in different states step-by-step, and the gambling industry will become a well-structured one.

6) What are some of the challenges for Online Betting companies in India?

A huge demand for online casinos and betting is the main indicator of a huge potential of online gambling in India. As there are no legal frameworks in terms of operation and taxation to define online gambling, legalization is the keystone of casino creation and promotion. Regulation and licensing is both necessary and highly demanded. It helps both parties benefit most since, on the one hand, it protects the players rights, and on the other hand, it lets businesses work to their full potential, pay taxes, and build strong brands along with having a long-term business.

7) In terms of job opportunities in the iGaming industry, what can be expected in the next 5 years?

The iGaming industry is highly technological. A huge deficit of IT specialists is observed in the industry. Gaming product development is quite a complicated task (due to the update of the millions of coefficients several times every second) and the need for a stable, and well-paid job. A mistake can cause millions of dollars of damage. Professionals in marketing and analytics are in high demand. Indias market value for the gaming industry was 62 billion INR in 2019 and was estimated to grow to 250 billion INR by 2024. The number of employees is estimated to be up to 40, 000 by 2022. The growing number of job opportunities is the best indicator of the rapid growth in the sphere.

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Top 3 UK sports and gambling stocks to buy – South West Londoner

Posted: at 3:44 pm

Gambling has always been a favorite form of adult entertainment within the UK.

Residents love to play lotteries, bingo, casinos games, bet on horses and enjoy playing casino games for real cash.

As big as the gambling industry was heading into 2020, no one could have predicted how the online gambling industry was going to grow exponentially because of the COVID19 pandemic.

As UK residents found themselves locked down during the pandemic, they went searching for fun things to do at home.

A lot of people chose to start wagering online, which led to 50%+ revenue growth within the UK online gambling industry in 2020. Additional growth materialized in 2021.

For decades, gambling has been big business in the UK.

Many of the major players in the industry have been and still are large publicly held gambling conglomerates.

Of course, there used to be a lot more companies from the past that were offering retail and online gambling services.

As is the case with other growing industries, some of the bigger names in the industry have been gobbled up via mergers and acquisitions to form even bigger gambling conglomerates.

There was a time in the not-so-distant past when companies like William Hill, Paddy Power, Ladbrokes, and 888 ruled the UK gambling industry.

While the brands still exist, ownership has changed. The most recent casualty of an acquisition was William Hill.

They were acquired in 2021 by the U.S.-based Caesars Entertainment. It was an acquisition that made clear no company is untouchable for the right price.

As a reminder, William Hill spent 85+ years proving retail and online gambling services to gamblers all over Europe. Now, they are part of an American gambling/entertainment conglomerate.

Given the growth top gambling providers have been experiencing over the last few years, some sports and gambling stocks have become very attractive as potential long-term investments.

With no end in sight to the growth of online gambling throughout the world, there are a few publicly held gambling conglomerates that still have plenty of room to grow in terms of revenue and their stock prices.

If by chance you are looking for somewhere to invest your winnings from your gambling endeavors among the UKs casino companies not on GamStop, may we suggest investing in one or more of these three big stocks?

Flutter Entertainment is technically the new kid on the block among the UKs elite gambling conglomerates+, joining the industry in 2016.

They rose to the top of the heap through acquisitions and mergers.

The list of gambling brands they own and control includes Paddy Power, Betfair, Foxbet, Fanduel, and Pokerstars, just to name a few.

The companys current market capitalization sits at over 22 billion.

That number easily supports the current stock price of 136 Euros per share. Note: The stock reached a high of 184.30 Euros in September of 2021.

Entain Holdings (formerly GVC Holdings) made big news recently when the U.S.-based BetMGM sports betting corporation made a play to acquire Entain for over 11 billion.

While the deal fell apart short of acquisition, it again served as a reminder that every company is a potential takeover target.

Entain owns and operates the following gambling brands: Bwin, Ladbrokes, Coral, PartyCasino, and PartyPoker, just to name a few.

Entain has a current market cap of approximately 9.9 billion. The current stock price sits at 1,661p. The stock hit its all-time high of 2,377p in September 2021.

Gamesys is a unique member of the UK gambling industry. The companys primary focus is on the development and support of casino and sports betting software platforms.

The companys top platforms are Excite and Enjoy.

The company does benefit from an exclusive partnership with Richard Branson and his Virgin Games and Virgin Casino brands.

Gamesys has a current market cap of just over 2 billion.

The current stock price sits at 1,850p, having hit an all-time high of near 2,000p in March of last year.

The company is also actively exploring the African market, where online gambling is booming in Nigeria for example, which will significantly increase monetisation in the coming years.

With all of these stocks off their all-time highs, investors might want to see the recent corrections as a buying opportunity.

All three of these stocks are priced reasonably based on their P/E index (price/earnings).

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Top 3 UK sports and gambling stocks to buy - South West Londoner

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Where is it legal to Gamble in the US? – Alpha News Call

Posted: January 21, 2022 at 11:44 pm

Almost every state in the US has had legal gambling for years by way of scratch tickets and lottery. Utah is the one staunch exception, not allowing gambling in any form. Many states with Native American populations also have casinos on the tribal lands. However, the big buzz recently has been around online gambling. After a 2018 Supreme Court ruling, every state now has the option to legalize online casinos and sports betting apps at their own discretion. Heres which states decided to pursue legal online gambling and which did not (yet).

The United States used to have a federal prohibition on gambling. States couldnt decide to legalize online gambling, and casinos were limited to tribal lands. In 2018 the Supreme Court repealed the prohibition, and now states have the right to put their own measures to vote. As one can imagine in a land so diverse as the US, every state handled it differently. Some voted yes on gambling right away and have been reaping the benefits, others are still locked in figuring out the specifics, and others (Utah again) are a solid no.

One of the more debated parts of the recent laws has been sports betting. Despite being included in gambling for legal purposes, its basically an industry unto itself. Legal online sports betting is giving new life to something Americans have done for years. Now, instead of putting cash down in a local pool, people can aim for bigger jackpots using apps that connect them to more fellow bettors. And with it all being done on the books, the states take a cut of the revenue. The potential money is a big motivator for why many states are so interested in sports betting and online gambling as a whole.

At this current time, the majority of states already have legal sports betting, online gambling, or some form of them in the works. The states that dont are Alaska, Idaho, California, Utah, Minnesota, Missouri, Kentucky, Ohio, Kansas, Oklahoma, Texas, South Carolina, Alabama, Georgia, Massachusetts, Vermont, and Maine. And of those, quite a few have shown interest in sports betting but just need to work out the lettering of the law to satisfy enough lawmakers into voting yes.

Revenue for the states that voted yes is impressive, to say the least. States like Michigan and Pennsylvania make millions per month in sports betting and online casino revenue. Over last summer, their takeaway was even enough to rival the revenue of Atlantic City. PA sports betting is a particular hit, as it builds on the extreme passion PA fans have for their teams.

The example set by PA shows that any state can profit as every state has its share of sports fans. The excitement has always been there and making gambling more convenient just taps into it. When gambling was restricted to lottery and casinos and sports betting wasnt legal, it left people in smaller towns out of the picture. The legalization of online gambling introduced many of these spread-out populations to the convenience of gambling on their smartphone.

Its the same effect seen by the success of app games like Angry Birds. By making the product available to pretty much everyone in the state, the potential user base skyrocketed. Whether these people wanted to gamble or not, the option is now there and as easy as clicking open an app. From there, enticing signup bonuses and the promise of hopefully hitting it big take over.

More states have legal gambling than dont. The appeal is undeniable and is sure to become a big force in the coming years. It wouldnt be surprising to see every state (except Utah) eventually adopt online gambling in some form.

Link:

Where is it legal to Gamble in the US? - Alpha News Call

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