Online Betting in America Fuels Gambling Industry

🌐 – A week full of gambling news finds that online betting is giving the recovering American gambling industry a big boost! We also look at another Las Vegas casino grand opening, and learn of the passing of a Fremont Street icon. This week’s special offer is from Campo Bet:

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Online Betting in America:
As the gaming industry recovers from the pandemic, we are seeing record numbers for online betting all across America. Pennsylvania online gambling is performing as well as any, generating nearly $99 million last month. The jump in numbers is over 75% higher that May of 2020. It is also a 10% increase over April of this year. So what does that mean for Pennsylvania taxes? The state realized over $27 million in tax profits from online betting alone!

Then, as the rest of the American gambling industry enjoys a rebound, New Jersey gambling revenue has rebounded as well… thanks to online betting! The New Jersey Division of Gaming Enforcement reported that total gaming revenue in the state rose 290% from last year at this time. In May of 2020, the state only made $96 million.

Online gambling in New Jersey helped a lot, generating over $108 million, while sports betting brought in nearly $53 million. The jump in New Jersey gambling revenue means that the state realized close to $38 million in taxes. Las Vegas hit the $1 billion mark month in March… it’s first such month since the pandemic began. And in April, gambling revenue across the whole country hit $4.4 billion, which was nearly a record.

This video also features our time with Lane Lassiter, the Michael Jackson impersonator who frequented Fremont Street. Sadly, we lost Lane in 2017.

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