When the World Wide Web emerged in the late 1990s, it seemed as though online gambling represented a blatant end-run around existing laws. It wasn’t that hard to start a site in an offshore jurisdiction, accept wagers and then process payments via credit cards. It’s a practice that hasn’t been stopped since and it’s a trend that seems to be gaining traction with the introduction of new technologies, including blockchain.
With the legalization of sports betting, lawmakers have become more receptive to regulating online casino games. However, they are still hesitant to approve real money online slot gambling. As such, it’s up to state legislatures to approve these types of online games. State-level legislative bodies are able to work around some provisions of federal statutes that make it harder to approve regulated online gaming, but it’s much more difficult to do so at the national level.
As a result, the vast majority of states have legalized iGaming for some or all purposes. Nevada has led the charge, followed by New Jersey and Delaware. Pennsylvania and West Virginia have jumped on board in recent years, with each state offering multiple options for players to gamble for real cash. And with the Supreme Court ruling in 2021 allowing sports betting, more states are expected to follow suit.
While the state of New York is unlikely to introduce iGaming in the near future, it hasn’t entirely ruled out doing so in the future. The state is a tourist Mecca, and the ability to play slots for real money could be a big boon for local businesses.
In addition, iGaming would likely boost revenue for the state’s brick-and-mortar casinos. New York City alone has more than 100 casinos, which generate billions in annual revenue for the local economy.
The state has laid the groundwork for iGaming, including a licensing structure. It may take some time for the iGaming industry to launch, but once it does, New York’s residents should be able to enjoy the same high-quality gambling experiences they can find in Atlantic City.
In the meantime, residents of New York can look for iGaming sites that offer free-play slots and other games. These sites will likely use software and algorithms that are similar to those of regulated operators. They’ll also use encryption to protect players’ information. The state’s major land-based casinos are planning to offer their own iGaming platforms, and players will have the option to place real-money bets on a variety of casino games.