Despite the fact that the DOJ has had to file an appeal to try and save online gambling, and US gambling is still under threat, the states that offer legal gambling are booming! For example New Jersey boasted record profits for July for their online gambling operations earning $39,3 million in revenue!
The figure is an all time record for the market and with another $13.9 million from sports books it brings the total profits well past $50 million for the month of July alone!
The figures come from a report published by the NJ Division of Gaming Enforcement and show the massive growth in online gambling in the US since states started individually legislating and legalising online gambling.
July’s record take beat the previous record, set in March, just a few months ago and overall revenue is up 51% from a year ago, showing massive growth month on month.
Legislation Not That Simple
Despite the runaway success online casinos are having in the US, legislation is not that simple. On Friday the DOJ filed a notice of appeal for the Wire Act decision from June in New Hampshire in a move that could affect all legal gambling states.
The move wasn’t unexpected and follows a ruling by a New Hampshire judge in favour of the New Hampshire Lottery Commission regarding an interpretaion of the Wire Act of 1961. In layman’s terms the Wire Act bans certain types of betting business and the DOJ are interpreting that to mean all online casinos, but the judgement ruled that the Wire Act only applies to sports betting.
It’s part of a long fight to legislate online gambling in the US that has lasted several years and two presidents.