There are many individuals who enjoy gambling that live in the United States. A good number of these want the opportunity to be able to play online although there are a lot of restrictions for this form of gambling. The gambling industry is a huge one in the US.
Gambling Worth
According to the statistics for 2019, it is estimated that the gambling industry is worth about $261 billion. It is understandable why the US government wants this industry to stay alive and well but at the same time are parting restrictions for the online gambling industry. Part of this is because of the detrimental effect it could have on the brick-and-mortar entities. The other factor is that there has been an outcry that allowing online gambling will lead to more gambling addiction. This is a controversial subject as it is not always the case.
The Job Industry
Something else that has to be strongly considered when looking at the gambling industry in the US is how many jobs it actually provides. Again the figures state that it is 1.8 million jobs throughout 40 states.
Regulations
The gambling laws date back many years for the US with them being the anti-gambling laws. It is an industry that has had a lot of regulations placed on it. Some of these date back to the 1960s and recently there has been some talk about updating these but nothing has been done that is significant.
Even though online gambling has been frowned upon for US residents it has still made its way into the environment. As a result of this now the laws are beginning to be looked at in a different light.
Some states have taken it upon themselves that rather than fight the online gambling entities to try and work with them. They are accomplishing this by setting regulations for online gambling sites to be regulated and licensed.