Louisiana’s lawmakers are actively discussing the spread of iGaming in the USA, the possible introduction of niche regulations, and the vertical’s impact on other American territories. Politicians explore the pros and cons of legalising the segment before making the final decision.
Gambling in the State and Nationwide
Louisiana’s government launched the digital sportsbook sector in 2022 and received good revenue. Now, officials discuss the great financial results generated by 7 regulated iGaming markets across the USA to understand whether opening local online casinos will be as beneficial.
As of the end of 2024, the country has 38 legalised sports betting jurisdictions, which are expected to bring $ 13 billion in yearly revenue. At the same time, the state’s 7 web gambling sectors are predicted to make $ 8 billion for the same reporting period.
Benefits of Permitting iGaming in Louisiana
The supporters of the idea believe that allowing niche operations is necessary to combat the black market successfully. The American Gaming Association’s recent research revealed that illegal internet casinos have already accepted around $ 4.6 billion in wagers. These funds could have been directed at the nation’s needs, including crucial social initiatives.
Advantages of officialising the web gambling vertical in the state:
- increased tax revenue;
- eliminated ML operations;
- enhanced player protection;
- attracted foreign investments;
- minimised illegal activities, etc.
The supporters also expect to prevent the growth of unlicensed sweepstakes brands that offer services across the country. These firms are large international corporations, and even one of them can spend up to $ 400 million on promotion in the USA.
Arguments of the Opposition
The idea evoked antipathy from land-based casino operators and some entertainment organisations, like The Cordish Companies. The institution’s General Counsel said the $ 700+ million contributed to launching ground gambling halls in Louisiana brought fantastic economic advantages. In Mark Stewart’s opinion, launching the iGaming segment can churn these investments and weaken the physical niche’s support and prosperity.
The amusement organisation’s members presented information about 3 digital RMG jurisdictions where the revenues of retail gambling venues slightly declined. The opponents also worry about the development of ludomania due to the increased accessibility of web casinos through smartphones.
The state’s legislators plan to continue discussing iGaming legalisation and its impact on the local economy, exploring the decision’s benefits and disadvantages. June-passed Resolution 149 will allow the officials to go on the debates.
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