The Global Online Gambling Market
New Jersey, a state with a long history of prohibitions on gambling, has recently made online gambling legal. The state’s new laws, which allow online casinos, have spurred a surge in tax revenue. In fact, New Jersey is generating over $80 million in tax revenue each month. Other states are following suit, including Missouri, Georgia, and South Dakota. New York is also considering legalizing online casinos.
Online Gambling is a growing industry, which is typically centered on casino and sports betting over the internet. This market has been segmented by game type, end user, and geography. It has been analyzed and forecasted in terms of value (USD million) to provide a holistic view of the market. Depending on customer requirements, the report can be customized to include other segments of the online gambling industry. The report also analyzes the influence of online casinos on the casino industry.
PayPal is a popular e-wallet option for online gambling deposits and withdrawals. It is secure and does not share sensitive financial information with online gambling sites. However, you must make sure that the gambling website accepts PayPal before you can deposit money. In addition, PayPal requires that you have a U.S. personal PayPal account to be able to make deposits. Once you deposit money, you may only be able to withdraw it through the same method that you deposited it with.
While online gambling is legal on a federal level, individual states have the discretion to regulate the activity. For example, online sports betting has been legal in Nevada, Connecticut, and Delaware. Several other states have also made online poker and casino sites legal.