The year 2020 is likely to go down in history as one of the most disruptive years for business, the global economy and people’s normal lifestyles. With the closure of companies, schools and the entertainment industry, it is hard to imagine how and when things could return to normal.
However, some industries have taken advantage of the changing situation and have completely changed their business model to focus on the Internet. Adaptation to major changes such as pandemics, imprisonment and social distance has led to several victories, including B. Video conferencing, cyber security and the online gaming industry.
New legislation on on-line gambling
While Pennsylvania and New Jersey are best known for their more liberal views on online gambling, it seems that the tide is beginning to turn in the United States. Recently, legislators in many states have changed their position on online gambling.
American lawmakers are finally beginning to notice that Americans want to play online games, and they will, no matter what the state says. Whether it’s about physically leaving the jurisdiction to gamble in a state where it’s legal or, more generally, just going online and betting in offshore online casinos where the laws are a little more permissive, the laws no longer reflect the will of the people.
The huge changes brought about by the Covid 19 pandemic have prompted legislators to seriously consider the possible loss of tax revenue leaving their respective states, and for many, this tax revenue is exactly what the doctor ordered to rebuild the world after 2020.
Several states have already jumped on the bandwagon and legalized online gambling, and as the trend accelerates, it is not surprising that it will spread to more and more states. Even the established tribal casinos, made of bricks and mortar, are trying to interfere.
Some Indian tribes are already lobbying for new legislation that would allow them to expand online or even nationally. This would give a major economic boost and promote the legalisation (and standardisation) of online gambling and betting.
Louisiana and Texas
Now that Louisiana has finally passed a new gambling law, it is likely that more gambling rooms will be opened throughout the state. It gives players the opportunity and choice to play in their own state, but more importantly, it is likely to open many shops on the border with Texas. Texas, whose gambling laws aren’t that weak, will be faced with a huge choice if they make a quick leap across state lines.
This may not seem like an ideal situation for Texan players, but there are benefits we could see in 2021. Due to the economic recession, there are many red flags in the budget of every state. States like Texas are trying to reduce deficits and balance the books.
Legislative discussions have already started on how to make good use of sin taxation to increase the state budget after 2020. Once their limits are filled with new bets and sports bets, they will certainly bring new tax revenue to Louisiana across the state. It’s only a matter of time before they work on passing new laws.
Cryptocurrency and block chain growth
Cryptocrènes have been on the rise lately, and perhaps nowhere more so than online gambling. The use of cryptocurrency as a verified payment method in online casinos offers many advantages for players and casino operators.
The transparency of the blocking chain technology is to the advantage of both parties, making it a win-win situation for all involved and encouraging many other online casinos to take it over. Blockchain offers more security through encryption, while reducing transaction costs compared to credit/debit cards. These savings are used by players with better opportunities and transferred to operators with better margins.
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One of the latest methods of attracting new players is the appearance of low wagering requirements. Allowing a low bet combined with a generous welcome bonus is a sure way to attract new players, and this tactic will certainly provide more opportunities for players in 2021.
New Year’s Eve
The year 2020 was marked by many upheavals, including legislation on online gambling. Particularly noteworthy is the legislation of Louisiana, which seems to be the catalyst for the expansion of the recognition of online gaming in the Southwest.
Forecasts are good for several states that will legalize sports betting and allow betting on mobile devices next year, and for several others that will develop online slot machines in 2021. All this opens great opportunities for American players: more variety, more options and less paperwork.
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