Millennials in the United States are more likely to use their mobile devices to place wagers than to visit brick-and-mortar establishments. The majority of gamblers under the age of 35 concur that online gambling should be legalized nationwide. According to recent data from YouGov Profiles, 50% of respondents favor online gambling to physically visiting a betting establishment, while 28% disagree. While consumers between the ages of 35 and 49 generally concurred with their younger counterparts, consumers between the ages of 50 and 64 were divided, and the majority of those over 65 opposed the legalization of online gambling. In general, they preferred land-based wagering to digital.
Differing Land Based Stats
The younger generation found land-based casinos to be somewhat depressing, according to additional intriguing data. However, players over the age of 35 had a preference for the male-oriented gambling sector, which includes the MGM Grand, Caesars Palace, and the Cosmopolitan. Those under the age of 35 had a generally negative view of land-based wagering options.
Online Gambling Gets A Win
With the recent Supreme Court judgment in favor of a petition brought by the state of New Jersey, states in the United States can now decide whether to permit online gambling, land-based gambling, or both. The ruling overturns the Professional and Amateur Sports Protection Act of 1992, legalizing sports wagering across the nation. It has been argued that the repeal of the 1992 law would offer offshore and black market traders sanctuary.
The Good and the Evil
According to the Nevada Gaming Control Board, illicit sports betting was worth $150 billion last year. This was the result of wagers placed on professional and amateur athletics. This was done solely in Nevada through offshore and black market bookmakers. During the same time period, the board estimated that $4.8 billion was wagered legally. The ruling means that bettors will no longer be required to use unlawful middlemen and will not need to be physically present to place wagers. Mobile devices would be equally effective. Some have opposed the repeal of the law because it protected the integrity of sport. It has been criticized as “the gambling of the industry.” People would no longer observe a sporting event or horserace out of passion. It would be about victory rather than the game itself. Others have advocated for the legalization, claiming that it could help combat corruption and monitor gambling trends and deficiencies. Overall, it appears that Millennials will be able to participate in even more online wagering activities in the near future, and that the online casino industry in the United States is poised for some truly massive changes.