Internet Gambling Rises as Gamblers Stay In
Internet gambling has seen an increase as gamblers cannot go out to gamble due to the Coronavirus. Since Tuesday, many states have either forced casinos to shut down or have done so of their own volition.
So far, there are only a few states in the US offer gambling on the internet. These states include Nevada, New Jersey, Delaware, Pennsylvania. Also, other states offer internet betting, but there hasn’t been a lot of sports events lately.
So, many internet gambling operators have seen a significant spike in gambling recently. For instance, FOX Bet has indicated that It has seen quite a substantial player-increase in poker games. In fact, their player signup has doubled since some land-based casinos have a shutdown.
The CEO of FOX Bet, Robin Chhabra, told the media that since the NBA shut down, there was a sharp increase in internet betting since then. Also, more players prefer to play poker when visiting the digital casino.
Gambling Operators Hope Internet gambling Spike Will Mitigate Profit Loss
Similarly. Rush Street Interactive has seen an increase in registration in their internet gambling subsidiaries: PlaySugarHouse.com and BetRivers.com. In fact, the CEO of Rush Street Interactive, Mattias Stetz, hopes the rise in internet gambling will offset the losses the company has suffered in sports wagering.
Interestingly, a gambling historian, David Schwartz, has opined that more states will have to adopt legislation that allows internet wagering. Moreover, he said that online wagering should be part of the relief package that Congress puts together during this pandemic.
The Golden Nugget Leads Internet Gambling in New Jersey
The Golden Nugget in New Jersey is also seeing a spike in online wagering numbers. Also, last year it has been the biggest earner in internet wagering with $177 million in winnings. So, the casino site has seen a 20% increase in player registration in the past few weeks.
Hard Rock Atlantic City has also introduced innovations such as slot machines that are controlled elsewhere as well as other games. However, the president of Hard Rock, Joe Lupo, does not expect that the online wagering spike will make up for the loss that land-based casinos have suffered.
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