Internet casino gambling in the United States has a bright future ahead, according to industry experts and executives, who participated in this year’s SBC Summit North America. Despite a range of obstacles that are currently thwarting its expansion and concerns regarding its impact on brick-and-mortar casinos, the overall sentiment from the industry is positive.

Industry Executives Optimistic Despite Sluggish Uptake of iGaming

The progress of legalizing online casino gambling in the US has been slow but still a number of US states, including Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia, have already introduced it. Despite this slow uptake, industry experts and leaders believe that the future of gambling lies online.

Elizabeth Suever, a vice president at Bally’s Corporation, noted that consumers, particularly millennials, have changed their habits considerably and are more and more reliant on their smartphones for anything from shopping to banking services making their lifestyles predominantly mobile-centric. She added that this is where gambling is going to as well, reported the Associated Press.

However, these positive sentiments do not reflect the state of the market. Despite online sports betting being available in 38 US states and Washington D.C., internet gambling has remained very limited. Even Nevada, the Mecca of gambling, has only introduced online poker and no online casino games.

Controversy Amidst Hope: Addressing Concerns in US Online Gaming Expansion

Shawn Fluharty, president of the National Council of Legislators from Gaming States, highlighted that there is a significant disparity between the extensive growth of sports betting following the US Supreme Court’s landmark decision in 2018 and the next-to-non-existent expansion of online casino gaming. However, he also expressed optimism about the eventual uptake of igaming. 

Brandt Iden, a vice president at Fanatics Betting & Gaming, echoed this sentiment. He commented on how important it is to embrace online gaming for the industry as a whole in order to be successful. He also stressed that the industry has to make efforts to educate legislators regarding the benefits of legalized online platforms compared to illegal offshore gambling websites.

The industry’s stance may be positive, but there are still many concerns regarding the negative implications of the spread of iGaming across the US. These include fear of increased addiction rates and the cannibalization of revenues from physical casinos.

However, online gambling supporters argue that iGaming can complement traditional casinos and stimulate economic growth. Adam Glass, an executive at Rush Street Interactive, highlighted that there is a potential for new job openings and synergy between online and offline gaming operators.

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Over 320,000 Missourian voters have signed a petition seeking to greenlight a casino at Lake of the Ozarks. After four consecutive failures to get the casino question on the ballot, the matter may finally be put to voters.

For context, the Missouri constitution only allows casinos to be constructed near the Missouri and Mississippi rivers. This means that the people of the state must vote in favor of a constitutional amendment in order to expand the list of waterways that allow gaming.  

The signatures will now be verified by the state. For reference, the number of certified signatures needed to get the matter to the ballot is approximately 173,000.

If the Lake of the Ozarks casino secures the Missourian voters’ approval, the state will get a new resort featuring a hotel, casino, spa, restaurants, shops and a convention center, among other facilities. This is a significant departure from the traditional riverboat model other casinos in the model still use.

While Missouri legally defines casinos as “excursion gambling boats,” it interprets this term rather broadly and, in 2021, amended the definition to include “nonfloating facilities.” Casinos can also be on the shore, as long as they are within 1,000 feet of the Missouri or Mississippi River and have at least 2,000 gallons of water inside or underneath the facility in rigid or semi-rigid containers, tanks or structures.

The Project Will Provide Benefits to the Local Economy  

The Lake of the Ozarks casino question is being promoted by the Osage River Gaming & Conventions (ORGC) investor group. The group, which turned to polling after failing to get the casino matter to appear on the ballot previously, is optimistic about its momentum.

The organization pointed out that the project will generate significant benefits for the local economy. For example, tax revenue from the project will provide local schools with a significant boost. Local revenue, on the other hand, will fuel a variety of public services, including infrastructural upgrades.

Additionally, proponents expect the Lake of the Ozarks casino to bolster tourism. The 20-acre property’s facilities will provide a variety of entertainment options to gaming and non-gaming visitors alike.

The new property will be run by Bally’s Corporation and will create between 700 and 800 permanent jobs.

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A man from Indiana could land in prison for trying to hide his casino winnings and avoid paying back child support. The player, Lance Halderman, tried to collect his winnings via another person to avoid having the sum seized.

According to reports, the 44-year-old had previously had his winnings seized for back child support. This happened in June 2023 when his child support balance stood at over $2,200.

For context, local law allows authorities to garnish gambling winnings and other revenue from parents who are falling behind schedule in terms of child support. Once a garnishment order has been issued by a country’s prosecutor’s office or a court, it would appear during an ID check.

Halderman learned from his past experience and decided to try and hide his latest winnings. After winning over $2,000 on a slot machine at the Blue Chip Casino in Michigan City, the man asked another person to collect his winnings on his behalf to avoid having his ID scanned. In return, Halerman agreed to pay his accomplice $100 for the trouble in addition to covering the taxes on the income.

However, Halderman’s fraud was eventually discovered. The man is now charged with Level 6 felony cheating at gaming at La Porte Superior Court 4 and faces up to 30 months in prison.

Halderman’s accomplice, on the other hand, avoided charges after admitting that he was unaware of the illegality of the arrangement. The other man claimed that he was just trying to help someone in need.

Man Could Lose His Chance for Office Because of Felony

Speaking of gambling-related felonies, an Indiana man risks losing his shot at becoming Vigo County’s new treasurer because of a past gambling offense. Billy Joy of Terre Haute hopes to become Vigo County’s next treasurer but may turn out to be ineligible for the position because of his past involvement in illegal poker.

While Joy believes that he was just “playing cards with a bunch of his buddies,” and didn’t do anything illegal, he acknowledged the fact that the incident could spell the end of his bid for office. According to him, if the legal system tells him to take his name off, then “that’s the way it will have to be.”

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