This year marks the 10th anniversary of the legalization of online gaming in the U.S. after Delaware launched in 2013, followed by New Jersey and Nevada in the same year.
American online gaming also brought about the return of online poker as well. Along with these states, others offering internet gambling (not including sports betting) include Michigan, Pennsylvania, West Virginia, and Connecticut.
Card Player recently spoke with John Pappas, an iGaming consultant and former executive director of the Poker Players Alliance , about where online poker is headed and the game’s importance to the industry.
CP: What are some key moments in the last 10 years that stand out for you in the U.S. legalized online gaming industry?
JP: Obviously, a momentous moment was the launch itself in New Jersey. I think there were a lot of people that weren’t convinced that it can be done in a proper fashion and New Jersey proved those skeptics wrong.
Companies like GeoComply and the operators did everything right from a confidence standpoint to ensure a regulated market right from the start – and one that wasn’t going to violate federal law. Everyone’s eyes were on New Jersey to see, ‘Are these guys going to slip up and will that stop online gaming in its tracks?’
But then over the years, there were a number of important milestones, such as when New Jersey started showing its first month-over-month revenue increases – state tax revenue increases as well as operator revenue increases. It hasn’t really declined since then. And going back to 2016-17 where the market really started to take hold, I think that a lot had to do with the improved ability of payment processors to accept funds and the comfort level of banks to deal with Internet gaming operators.
The third item I would highlight is [the overturning of] PASPA that helped supercharge the industry nationwide , and certainly has added to New Jersey’s growth over the last several years.
And then the most recent important thing to notice is about how iGaming, not just in New Jersey but in Pennsylvania and other jurisdictions, was a […]
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