IGaming is one of the largest markets in the gambling industry. While retail casinos, especially those in entertainment complexes are popular and lucrative, online gaming has a wider reach. And with that reach, you have the potential to increase your revenue potential. In the US, more than 30 states offer online sports betting, but only 6 offer iGaming. One state is aiming to raise that count to 7, but the future is quite murky. Let us take a look at the potential for legalizing iGaming in Louisiana.
Later this year, two state Senate committees will be meeting to hold preliminary discussions on legalizing iGaming in Louisiana. The goal is to offer real-money online slots and table games. However, the full legislature will not be convening until April 2025.
Legalizing iGaming in Louisiana
With the legislative schedule as it is, we should not expect to see anything important happening this year. Even if they pass a bill next year, there is no guarantee that the implementation will happen in 2025. However, with so many great options for where to play online casino games, the state loses the chance to earn from this.
If you look at your bookie pay per head software, you have the option to add iGaming products to your sportsbook. Once you do, and you offer it to your players, you will see how lucrative it is. From slots to table games and card games like baccarat, your players will enjoy hours of fun in your online casino. This leads to higher revenues for your operation. If you look at states like New Jersey, their iGaming revenues are at par with sports betting revenue, and the state collects millions in tax revenue. This is the main push that legislators should make. After all, the income from tax revenue and licenses can go a long way in funding socio-economic programs in the state.
iGaming Across the US
Louisiana’s situation is not unique to them. Other states have similar difficulties in their efforts to legalize iGaming. This is in spite of the fact that 38 states have some form of sports betting regulation already in place. Right now, there are 7 states that offer iGaming. These are New Jersey, Michigan, West Virginia, Pennsylvania, Nevada (online poker only), Rhode Island, Delaware, and Connecticut. As you can see, only a few states have been earning from tax revenues from online casinos.
There are, however, some states that are actively working on adding iGaming to their markets. States like Colorado, Illinois, Maine, Maryland, New York, Iowa, and Wyoming are likely to follow suit. The question is, when? Because at the current pace they are working at, we may not see any law pass this year. If, however, you want to go ahead and run your own complete iGaming business, you can do it easily. With the help of a reliable gambling software company, you can get your sportsbook and casino online in minutes. These bookie pay per head reviews will help you find one that fits your preferences.