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Online Gambling in U.S. States Not Meeting Expectations

2014-12-16 00:00:00

The prospect of online gambling doing well in New Jersey, Nevada and Delaware was good when each of those states approved legal online gambling many months ago but so far the results have been disappointing.

One of the latest casualties to online gambling in the state of Nevada was Ultimate Gaming who pulled out of the market. The company decided that the cost just wasn’t worth staying in the market. The company said that the state-by-state approach to online gambling isn’t working because it is not cost-effective. Players who wagered at the site had to reside physically within the state of Nevada. The pool of players is simply too small on a state-by-state basis. Ultimate Gaming had previously pulled out of the market in Delaware.

The goal for many companies when it comes to online gambling in the United States is legal online gambling on a national level. Three states, Nevada, New Jersey and Delaware approved legal online gambling and other states will likely approve it down the road but the chances of online gambling being approved on a national level are not very high at the moment. That may change down the road but for right now, legal online gambling is only available on a state-by-state basis and so far the revenue has not reached expectations.