SECAUCUS, N.J. — Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos.
When the U.S. Supreme Court cleared the way in 2018 for any U.S. state to offer legal sports betting, such bets “took off like a rocket,” said Shawn Fluharty, a former Michigan legislator and president of the National Council of Legislators from Gaming States.“It's been a rough road,” agreed Brandt Iden, a vice president with Fanatics Betting & Gaming. “I-gaming is paramount; this is the direction the industry needs to go to be successful, and this is where consumers want it to go.
“Since 2018, FanDuel has paid $3.2 billion in taxes,” he said. “That's a lot of teacher salaries, a lot of police officers and firefighters.” But recently, some casino executives have said they believe online gambling is hurting the revenues of brick-and-mortar casinos.
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