Online gambling and brick and mortar casinos can still co-exist. You have to be aware of the tax revenue that has been created by the land based casinos for the state of Nevada. Online gambling is just another option that people can use in order to relax at home, but you simply do not get the same level of great human interaction.
The idea of commercializing stuff can help the entire economy. Casinos help the different local restaurants as well.
Key Takeaways:
- The notion that online gambling cannibalizes the land-based variety is not supported by any type of statistical or analytical data.
- In Nevada, for example, adding mobile wagering to their casino-based sports betting operations resulted in growth in their total revenue in that space.
- According to gaming expert and industry insider David Schwartz, the addition of online sports betting and mobile poker games has only added to casinos overall revenues between 2002 and 2007.
“To rely on cannibalization as an argument against iGaming would be to totally dismiss the experience of operators in both Europe and the US.”
Read more: https://www.onlinepokerreport.com/28111/online-gambling-and-land-based-casinos-sports-betting/
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