The rise and fall of online gambling in the United States in 2016

Published by CasinoTopsOnline on January 12, 2017 IN Industry News

Online casinos in the United StatesOnline gambling in the US is a fairly new industry that has grown in leaps and bounds over the last couple of years. There have been many developments in the different areas of the country now offering online gambling and we’ll take a closer look at how the industry fared in 2016.

States play along

Unfortunately, there haven’t been any new states that have joined the league of US online casinos that originally cropped up after the legislation changed.

“The original contenders, namely Nevada, Delaware, and New Jersey are still the only states to jump on board, but the future holds potential.”

There have been talks of California, Pennsylvania, Michigan, New York, and Massachusetts joining the US casino industry very soon. As new bills pass and stakeholders reach agreements, we could soon see change.

Amaya and PokerStars

There was much buzz around PokerStars in 2016 with the iconic poker room returning to US after receiving a new operating license. Now operating within New Jersey, PokerStars intends to grow and innovate as much as possible.

A fair bit of scandal also took place in 2016 with David Baazov, Amaya Gaming’s founder, having criminal charges filed against him. Soon after the charges were filed, Baazov resigned from his post.

DFS companies

Daily Fantasy Sports companies, DraftKings and FanDuel, were both slammed with class action lawsuits in 2016. After new industry laws were passed, the companies took a huge hit and lost a fair share of their revenue. In order to cut costs and remain open, the companies decided to merge in November. Whether or not the merger will be allowed under the new laws still remains to be seen.

As one of the countries with the most growth potential regarding online gambling, the US faces may roadblocks and legal issues. It still remains to be seen what the arrival of President Elect Donald Trump will have on the industry as a whole once he takes office.