As a result, they do not account for digital gambling. These laws are designed to collaborate with anti-racketeering regulations and were designed before the existence of the internet. In the United States, issues relating to gambling are handled by the Wire Act of 1961. There are numerous uncertainties about the casino industry in the US and this has discouraged new participants from joining the industry. Why? Because of the presence of harsh regulations against online gambling in the United States. You see, online gambling is growing at a faster rate in other parts of the world. There are further projections that advancements in technology caused by Virtual Reality, IoT, and blockchain technology will cause more widespread growth in the online casino industry.ĭespite all of the good news about online gambling in the United States, it’s still unable to maintain pace with the rest of the world. It has consistently been growing at an annual rate of 11.6%.

According to reports and projections by the Research & Markets group, the online casino industry is expected to grow to a total valuation of $92.9 billion in 2023. Many people enjoy the benefits and convenience offered by online gambling platforms and have opted for it as a reasonable alternative to land-based casinos. Online gambling is expanding at an exponential rate. Online Gambling Legislation In The United States