Though for many the United States is known as a nation in which freedom reigns supreme, the reality is that this is a country that retains some rather outdated attitudes.
Over the years, the casino industry has often struggled to survive in the US. Certainly, the activity of gambling is only allowed in the states of Delaware, Iowa, Pennsylvania, New Jersey and Nevada.
On the flip side, online gambling is legal in other nations across the globe and provides a living for many. Gamblers all over the world are using sites such as www.casinosites.org to research their chosen casinos from across the globe.
In recent years, some have risen the possibility of relaxing US gambling regulations at the federal level. This is an industry worth up to $160 billion per year and so it is expected that there will be plenty of interest around the idea of opening things up.
Casinos are waiting with baited breath for the legalisation of online gambling across the US. The move could spark a huge shift in the industry and potentially provide access to billions of dollars in revenue.
In this article, we will uncover some of the ways in which casinos are revving up for US legalisation. We will look at the latest news on the casino industry in the US, with a peek at both the current situation and future scope for any potential shifts.
The casino industry in the US: The current situation
In the United States, a law named the federal wire act makes the majority of betting activity illegal.
In recent years though, the Supreme Court has in fact gone back on past decisions made using the act that made some forms of gambling against the law.
This means that more and more casino sites and other players in the industry have built up hope that change could be on the horizon. Certainly, with gambling worth such a huge amount, it is a surprise that the US government has not made the decision to tax the industry before!
On the other hand, there has not been enough clear action taken with a view to legalising gambling on a wider scale in the United States.
The casino industry in the US: Going forward
It can be said that there are plenty in the US who are hopeful of progress regarding full legalisation of gambling in the near future.
As we have already discussed, the economic boons of this have massive potential, certainly with respect to the economic downturn that we all face as a result of the ongoing pandemic and lockdowns.
In the US in recent years, unemployment has been rising slowly over recent years among the nation’s poorest citizens. If gambling can be legalised in one or more states, then it is guaranteed to create many thousands of jobs across these zones.
With gambling generating so much across illegal activity, the idea that the US government will eventually look to regulate and tax the industry is surely one that will eventually come to fruition. To do this, however, the nation must first throw off some outdated attitudes and laws.