Slow to expand, internet casino gambling is the future of US betting, industry execs say

Published May 8, 2024 11:05 AM

By WAYNE PARRY
Associated Press

SECAUCUS, N.J. (AP) — Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos. Speaking Wednesday at gambling industry conference in New Jersey, industry executives acknowledged the difficulty they’ve had in expanding the legalization of online casino games. Yet they remain certain that, like many other industries, the future of gambling is online. That’s particularly true as federal post-pandemic budget aid dries up. Internet betting also faces claims from some gambling companies that online betting is cannibalizing revenue from physical casinos, a hotly debated topic in the industry.

Article Topic Follows: AP National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.