Nevada is home to more casinos than anywhere else in the United States. Recently, many of these casinos have pushed against a controversial new plan being discussed in the state. Now is the perfect time to talk about why these casinos do not want to see legal online gambling in Nevada become available.
Lawmakers seem very interested to expand the number of gaming options available in this state. That could come at the expense of land-based casinos.
Here’s what you need to know!
Lawmakers Continue Looking into Allowing Online Gambling in Nevada
The state of Nevada has been the country’s largest gambling hub since the 1950s. It’s here that many of the most expensive casino-resorts on the planet are located. Last year, these casinos were shut down for months at a time and gambling revenue in the state plummeted.
This seemed to have inspired officials in the state to look into alternative sources of revenue. The Nevada Gaming Control Board will soon meet to discuss whether or not to allow online gambling here. A huge number of gambling fans have supported this move, particularly those not located near any casinos.
Places like New Jersey and Pennsylvania already allow all forms of online gambling. These states bring in a massive amount of tax revenue, as a result. Officials in Nevada now seem to want a piece of that action, as well.
Nevada’s Control Board has not announced when exactly this meeting will take place. It was originally scheduled for May, yet was pushed back indefinitely. It seems likely that this discussion will take place before the end of the year. It seems that not everyone is excited to hear about this meeting.
Major Casino Companies Push Against NV’s Online Gambling Plans
Many gaming analysts have been surprised to see Nevada pushing to allow online gambling. It’s here that many of the most popular casino-resorts are located. These companies have long argued that Nevada does not need internet gambling options.
This week, 28 executives representing 26 different gaming companies all signed a letter pushing against online gambling in Nevada. These officials, including Frank Fertitta III, Michael Gaughen, and Kenny Epstein, believe that this will end up hurting their business. Online gambling will make less interested in visiting local casinos, they argue.
“Reduced jobs in physical gaming locations will hinder the enormous efforts the gaming industry and Nevada are making to recover from the pandemic and hurt the long-term economic growth of our state,” the letter claims.
Many of the top gaming executives in Nevada think these plans need to be second thought. Of course, the decision ultimately comes down to the NV Gaming Board. If this state government body wants online gambling, it will ultimately become available. Stay tuned for updates on this situation over the next few weeks!
Tourism Rates in Las Vegas are Still Increasing
Las Vegas has been the country’s biggest gambling hub for many years. This city has recovered massively from the events of 2020. The casinos here have been reporting massive increases in their tourism and gaming revenue figures over the past eight months.
Fortunately, this trend is continuing. Reports surfaced recently that showed that NV’s gaming revenue surpassed the $1 billion mark for the fourth-straight month last July. It’s clear that people across the country still want to visit and have fun in Sin City.
If things stay on track, this will be the most successful year in history for Las Vegas’ casino industry. Some fear that the rapidly spreading Delta variant could upend those plans. For now, it does not appear to be taking a major toll on tourism.
Do you expect to see online gambling in Nevada anytime soon? Is this fair for the land-based casino operators here? Let us know in the comments section below!