Tag Archives: Gambling Law

NY Still Pushing for Online Gambling Law

New York officials are still pushing hard to be the first state in the northeastern part of the US to legalize online gambling law and for good reason. The online gambling market is worth multi- millions of dollars right now and projected to continue with growth in coming years.
 

This is why legislators see it as such a coveted market that they want to get into. Atlantic City recently took a huge decline in revenue thanks to the recession and now it is still suffering. Although it was once flourishing, the gambling center never returned to its old glory days even after the recession was deemed over by economists. Other markets have revived, but Atlantic City has not.
 

This is a growing concern for the area because they are coming up with stiff competition from other areas. Not only are neighboring states pining for the title of highest gambling-money generator, but so is the internet gaming market. Internet gambling is giving many land- based areas a run for their money because they are finding it difficult to compete.
 

What better way to wager than to go online at your own convenience and still have a chance to win just as much as you would in bigger gaming center? With land- based gaming there is travel time and the inconvenience that comes with that—cost of gas, finding parking, airline tickets, babysitters, etc. Online gambling and Online Casino Offers in general completely circumvents these issues and still lets the gamer play for millions of dollars worth of prizes.
 

New York officials are ready to move in on the lagging Atlantic City market. There was a time when Atlantic City brought in millions of dollars every month but that took a huge hit after the recession. Though operators have done what they can, nothing seems to be turning the market around or bringing people in again.
 

This is why neighboring states are seeing their own revenue potential. They are trying to quickly building the gambling laws needed to come up with revenue to change their own markets. They want to make sure that they have the chance to work with the huge-dollar market and see if they can take the title of best gambling center in that part of the country.
 

They are pushing hard and likely, if Atlantic City gaming companies don’t see true change, one of the neighboring states is going to move in on the market and see own growth in success.