Analyst: "Covid-19 Could Spur More States to Legalize Online Casino"

[mu_enrico]

According to Nasdaq.com:

Morgan Stanley analyst says the impact of Covid-19 could spur more states to legalize online casino and sports betting.

With casinos closed across the country and sports betting drying up, online casino-style gambling is proving to be a bright spot for the industry.

Internet gambling revenues (excluding sports betting) in New Jersey rose 66%, to $65 million in March, the state reported recently. Online gambling includes slots as well as table games like blackjack. New Jersey is a leader in internet gambling. -#1

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

Despite the collapse in online sports betting, investors remain excited about Diamond Eagle Acquisition (ticker: DEAC), a special purpose acquisition company that has a deal to merge with internet sports betting leader DraftKings.

...

Diamond Eagle has a sizable market value of $5.8 billion based on a fully diluted share count of around 347 million shares. That is considerably above the market values of Penn National Gaming (PENN) and Eldorado Resorts (ERI) in the $1 billion to $2 billion range, as well as exceeding that of Caesars Entertainment (CZR) at about $5 billion. -#2

Source #1&#2: https://www.nasdaq.com/articles/online-gambling-is-booming-amid-the-lockdown-2020-04-20

Look at CZR valuation compared to DEAC, is this one of the signs that online gambling will replace offline? Or is it going to be dotcom bubble 2.0?
Share your thoughts guys

[tokeweed]

What the US gov should do is exempt poker from the UIGEA like it did with fantasy sports.  It's not gambling like how putting action at roulette is.  It's a skill game.

[avikz]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

Gambling is a big source of tax income, Just like Tobacco or Alcohol! When the economy is struggling to revive, such kind of activities will fetch much needed tax income to the governments. In light of this, there may be a possibility to make online casinos legal. But that is not necessarily a threat to the conventional casinos because conventional casinos depend more on tourists rather than the local crowd. Conventional casinos are all about experience while online casinos are much needed mental relaxation. Both belong to very different league!

Look at CZR valuation compared to DEAC, is this one of the signs that online gambling will replace offline? Or is it going to be dotcom bubble 2.0?
Share your thoughts guys Smiley

In continuation to my above comment - there will be no replacement. We don't really know when the lockdown will be over so people will be finding ways to gamble while sitting at the comfort of their home. Offline casinos will be back to the business once the global tourism industries are back on track. Both will remain as it is for different segments of customers.

[DarkDays]

I really don't think that the government is concerned with casinos right now, especially online ones.

By keeping casinos as brick and mortar, they enter that the money stays within a closed circle. Enabling online casinos can easily lead to more money leaving the country than entering it, which is not great for GDP or development.

The brick and mortar casinos have a monopoly right now, and they're likely to keep that monopoly since they have already sponsored the government.

[Pmalek]

I thought that online gambling was legal in the US, and that it's only illegal for US citizens to gamble overseas, or on a platform in another state. 
The government misses their regular tax income and are trying to supplement it with whatever is possible. Gambling is just one of those things. They might want to take another look at legalizing marijuana as well.

[Ryker1]

Well, the gambling online business industry as of now were ongoing to the process of legalizing. And this regulation will be expected on a state to state basis. Perhaps there will be an effect on the offline casino, --as of now but when the economic crisis will be recovered and all land-based gambling businesses will back again for sure it will back to normal that people gamble on casino live. Indeed, we can't deny the fact that during this pandemic lockdown online gambling has contributed to the growth of financial revenues into a local economy.

[Chrystora123]

I really don't think that the government is concerned with casinos right now, especially online ones.

Why not!! it is no longer a secret that offline casino is one of the biggest tax providers and if the offline casino is closed, where does the government get the tax from??  whereas in a crisis like this the government really needs tax money (to face the bad possibility of this Pandemic).  I am very confident that the attention of the government (for tax payments) in the midst of the current "pandemic" crisis, is being directed to an online business..

[tomahawk9]

Do you agree the government will legalize online gambling?

The plegalization of online gambling (especifically online casinos) will always encounter a lof of obstacles since many people expect a disruption (money-wise) in the physical casinos ecosystem once online casinos are given the green light. Remember that we're talking about an industry which hit over 40 billion dollars in revenue in the USA two years ago. A lot of people would want that number to remain the same or go even higher, and nationwide legalization of online casinos could definitely take those numbers down.

If yes, will traditional (land) casinos survive?

I believe they will. Like I said above, it's a big industry moving tons of money. If online gambling were to be approved in the US, I believe land-based casinos will not dissapear but revenue would take a major hit.

Now, i'm more interested in online sports & esports betting. Over the past year, a lot of states have already legalized online sports betting^[1]. Authorities in Nevada approved CSGO betting^[2] (CSGO is one of the biggest esports games in the world), and a few other states could legalize Esports betting very soon^[3].

Money talks, and the eSports industry is growing every year (hell, even ESPN's starting to host esports events^[4]), and with this pandemic going on, I wouldn't be surprised to see more and more states legalizing online esports betting throughout the year.

1. https://www.techradar.com/news/in-what-states-is-online-sports-betting-legal-in-the-us
2. https://www.cbssports.com/general/news/nevada-approves-esports-league-betting-for-counter-strike-global-offensive-in-historic-ruling/
3. https://gammalaw.com/these-four-states-are-on-track-to-legalize-esports-betting/
4. https://www.espn.com/esports/story/_/id/29071026/espn-esports-valorant-invitational-how-watch-bracket-results

[milewilda]

I really don't think that the government is concerned with casinos right now, especially online ones.

Why not!! it is no longer a secret that offline casino is one of the biggest tax providers and if the offline casino is closed, where does the government get the tax from??  whereas in a crisis like this the government really needs tax money (to face the bad possibility of this Pandemic).  I am very confident that the attention of the government (for tax payments) in the midst of the current "pandemic" crisis, is being directed to an online business..

Darkdays do really have a point because if they do tend out to legalize it then theres no turning back and w know that this pandemic wont be permanent.Therefore, they wont make such step and just let online casinos do their thing as of this moment on this current market situation but well it depends on what would be their insights or decision towards it.It doesnt really that much a problem though because this one will give out more advantage or access for gamblers out there where both offline and online would be considered legal in any aspect.

[romero121]

America is the country with large number of pandemic COVID-19 suffering. It also has the largest number of deaths due to corona. Even now the country hasn't announced the complete lockdown. There are people who are into protest against the government to Stop the lockdown.

Seeing all this situation, the probabilities of legalizing online casinos with licencing won't be happening in states.

[verita1]

I agree that the impact of Covid19 will open the way for many industries and these include online casinos. As for the legalization of them, it will depend on the governmental policies of each country. Here I have found information about legal Online Casinos in the US.

Legal USA online Gambling guide

https://www.legalbettingonline.com/casino/

Regarding traditional Casinos, they should continue their activities once the Covid19 is controlled. Some many employees and businesses benefit from its activities and it is an important piece in the development of the tourism sector.

[Rengga Jati]

Regarding traditional Casinos, they should continue their activities once the Covid19 is controlled. Some many employees and businesses benefit from its activities and it is an important piece in the development of the tourism sector.

But you still didn't answer the question above, buddy.

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

What's your answer @verita1?


Well. In my opinion, traditional casinos will survive because they have already had regular visitors (gamblers). Moreover, some of them are established casinos with great popularity. So, I believe the legalization of online gambling seems to not have big impacts on them. In addition, traditional casinos have something different than online gambling. You won't see crowded people, magnificent building, and play directly on the games on online gambling.

[Jackrider123]

Online Casino Might bring more revenue cause of the availability in every place. But I still think that the traditional Casino will still gonna survive as people hesitate to invest high income online compare to traditional methods. That's my take what you think?

[harizen]

Do you agree the government will legalize online gambling?

Yes, it can be considered but with currently lots of heavy loads on government's hands now, it might not happen immediately. And besides, as long as the said online casino complies with all the requirements need to operate, nothing problem here. It's just the same as fulfilling business requirements even we aren't currently experiencing a pandemic virus scare.

In other words, not a priority to push for that given the situation we are dealing with.

If yes, will traditional (land) casinos survive?

100% yes. Online gambling just became an option but we didn't even know if those land casino players really hooked up at it or just tested it by a meantime or totally refrain from doing gambling for now.

And after the situation got back to normal, the activity in land-based casinos will surely also back again to normal.

[Shimmiry]

Look at CZR valuation compared to DEAC, is this one of the signs that online gambling will replace offline? Or is it going to be dotcom bubble 2.0?
Share your thoughts guys

If ever they legalize online casinos, the present physical casinos would be destroyed as the quarantine would take longer than expected. Online casinos are on a drastic increase as most users often intend to do online nowadays to surpass and cope with their boredom. Yet the question is, didn't the online casinos recently aren't that illegal? I've seen some applications that were using real money in their bets and even win the same. Yet, if the government would give an attention to it, it would only make online casinos and its players pay taxes with their income, in which none of us wants to happen.

[maydna]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

I agree if the government will legalize online casino, especially in these situations. But they need to strict with who can play the online gambling games by making a law that only people who above 18 years - 20 years can play online gambling. Although that doesn't prevent young people not to playing gambling secretly, there is a law that can control the people. I am sure the traditional casino will survive because they already have big fans, especially in the city like Macau, Las Vegas. Perhaps, those people will not feel comfortable to use online gambling to playing gambling games so they can still go to that place and play with their friends.

is this one of the signs that online gambling will replace offline? Or is it going to be dotcom bubble 2.0?
Share your thoughts guys

I don't think that is the signs of online gambling will replace offline because offline gambling exists for a long time ago before the online gambling release. People like to gamble with their friends, especially in a special event in their city or country. The dotcom is already happened for a few years ago, especially when the internet is available in many countries.

[mu_enrico]

What the US gov should do is exempt poker from the UIGEA like it did with fantasy sports.

That would be nice, but sadly the name "poker" is strongly perceived as gambling.

By keeping casinos as brick and mortar, they enter that the money stays within a closed circle. Enabling online casinos can easily lead to more money leaving the country than entering it, which is not great for GDP or development.

I think they won't legalize offshore providers; it will be a waste of tax opportunities.

I thought that online gambling was legal in the US, and that it's only illegal for US citizens to gamble overseas, or on a platform in another state.

It's based on the state.

Only a small number of states allow online casino-type gambling including New Jersey, Pennsylvania, and Nevada. More than 15 states permit online sports gambling, with an even greater number allowing sports betting at physical casinos.

Source

Now, i'm more interested in online sports & esports betting. Over the past year, a lot of states have already legalized online sports betting^[1]. Authorities in Nevada approved CSGO betting^[2] (CSGO is one of the biggest esports games in the world), and a few other states could legalize Esports betting very soon^[3].

Money talks, and the eSports industry is growing every year (hell, even ESPN's starting to host esports events^[4]), and with this pandemic going on, I wouldn't be surprised to see more and more states legalizing online esports betting throughout the year.

Correct, I believe that's also the reason for DraftKings acquisition. It looks like for online entertainment, sports betting and fantasy sports are predicted to grow in the coming years!

- Land casinos get struck so hard;
- After social distancing over, the recession would still exist. It puts more pressure on land casinos;
- Even if states legalized online casinos, Millenials seem to prefer sports betting and fantasy sports.

[carlisle1]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

Maybe Government will consider this for a moment because of this lockdown and i believe that those applicants for gambling sites are also owner of Real casinos that was just coping with the system as they are closed operation now.

and also the Government will make a agreement that this is just for the time being and will make another decision after the pandemic effect.

but in anyways?this is a Big blow for crypto world because for sure this is one of the beneficiaries of this Laws.

[Fundamentals Of]

It could but it will not be happening in the middle of this crisis. There will probably be a more focused study on it after this crisis, especially when the businesses of land casinos will not be able to recover fully after the new normal will unfold itself. As of now, that might be one of the least priority but it will bring a more serious attention of policy makers later on when initiatives such as physical distancing and avoidance of crowded places will become more of a personal choice that could severely affect the business operations of land casinos.

[Reid]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

Covid aside, they might.
It's still money and I bet they are looking at the growth in profit of online gambling sites by now.
Regarding the traditional casinos, I don't think it will be forgotten.
There is still that difference in fun and excitement when you are in front of the game with your physical body.
That's for me. I don't know about the others. Perhaps, they should make a survey.  

Look at CZR valuation compared to DEAC, is this one of the signs that online gambling will replace offline? Or is it going to be dotcom bubble 2.0?
Share your thoughts guys

Replaced maybe such a harsh word for it.
More like upgraded. But the offline gambling is still something that could not be changed since its different when you meet people.

[cryptoaddictchie]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

They can legalize it considering the profit the can earn from it. As the value speaks, government will likely do legalization of it. Compared to traditional casino, these online gambling sites are also an advantage for those who are not social type of person. Some usually dont want to go to casino and play due to their insecurity that some might think they arent on their league. Well just an observation when I am going there. ( sometime)

People looking for entertainment and in this time of covid this online site for gambling are the best approach for gamblers whose hands are already itchy.

[plvbob0070]

I don't think that this will make some governments legalize online gambling. Well, this situation actually gives an opportunity for online gambling to get recognized but it doesn't mean that they will legalize it. It's just that more gamblers shifted to online because they have no choice, and this is their only option if they badly want to gamble. It's still hard for the government to monitor every action of online casinos than the traditional one. More illegal gambling activities can happen. 

And if ever, it does not mean that online will replace a traditional one because there are still a lot of gamblers who prefer physical casinos. I think after this pandemic and virus issue, gamblers will be back going to casinos.

[Casdinyard]

I don't think that this will make some governments legalize online gambling. Well, this situation actually gives an opportunity for online gambling to get recognized but it doesn't mean that they will legalize it. It's just that more gamblers shifted to online because they have no choice, and this is their only option if they badly want to gamble. It's still hard for the government to monitor every action of online casinos than the traditional one. More illegal gambling activities can happen. 

Pretty good observation, why would people going to put online casino in talks amidst the global pandemic? First and foremost, online gambling is just an alternative for real time gambling, it does not contain any difference between real time gambling but only the fact that you are playing comfortably any where. Aside, every government now is focusing on what matters the most now since we are having a huge problem.

And if ever, it does not mean that online will replace a traditional one because there are still a lot of gamblers who prefer physical casinos. I think after this pandemic and virus issue, gamblers will be back going to casinos.

Absolutely, the experience on both casinos is different and most of people will really choose the physical casinos over online casinos.

[bitbunnny]

Well, to be honest I wasn't aware that in so many countries online casinos are not legalized. Of countries, government like any way to get money for their budgets and if this crisis lasts for longer time they will have no choice.  Like in many other aspects of our lives virtual space and new technologies are the solution.

[dothebeats]

Seeing that they need to recoup some of that money that they gave away, there is a possibility that the government goes through this route. I mean, essentially the economy is on a standstill and nothing is really producing profits right now for taxes except online gambling casinos. Some states are considering reopening despite the fact that the situation is still gravely delicate and dangerous. Online gambling poses no risk for social contact and is really a convenient way to gamble and take profits. Perhaps the governments would look into it, but I doubt that they will fully support it 100% just because of the situation at hand.

[20kevin20]

Wait, so there are some states out there that consider online gambling illegal? It's the first time I am ever hearing this. Interesting one.

I don't think it's a great idea to legalize online gambling if it has been considered illegal in a certain state. The main reason is that online gambling in these times could be catastrophic: one who has enough money to survive this pandemic could lose it in no time, especially if they are a newbie to luck games.

I understand that casinos are profitable. But in pandemics, wars or other hard times.. let's at least not extend the possibility of people losing/spending their money to one man only. It's happened for enough already anyways.

Physical casino owners wouldn't be at an extended loss if online casinos remain illegal in those states.

[el kaka22]

Shouldn't it depend on the games that is allowed? I still think that games that are player versus player should be legal everywhere in the world with the rule that house is responsible for all the wrong doing, like if a player cheats or threatens of whatever, all of that is houses responsibility, aside from that player versus player is not rigged and a clean thing, like poker for example, sportsbook could be considered player versus player as well because those odds are given by how much a team is wagered on, if you play on real madrid versus getafe and for some reason people all start to wager on getafe, maybe the bookie will have to change his odds as well, so it can be sort of a player versus player.

The whole world is going towards online, I doubt it would make sense to try to stop it because we all know they are not going to be able to soon.

[Yudhisthir]

Don't know about governments asking it's people to gamble but people would certainly be much more attracted to online gambling in such circumstances. There are no clear future and people have very less thing to keep them entertained. Both of which makes gambling less risky and preferable.

[mu_enrico]

Shouldn't it depend on the games that is allowed? I still think that games that are player versus player should be legal everywhere in the world with the rule that house is responsible for all the wrong doing, like if a player cheats or threatens of whatever, all of that is houses responsibility, aside from that player versus player is not rigged and a clean thing, like poker for example, sportsbook could be considered player versus player as well because those odds are given by how much a team is wagered on, if you play on real madrid versus getafe and for some reason people all start to wager on getafe, maybe the bookie will have to change his odds as well, so it can be sort of a player versus player.

Yes, the law based on whether it's a skill game or chance game. Even though online poker (PvP one, not vs casino) would remove some skills like face reading, bluffing, and stuff, I think it's still a skill game. Maybe, it's just too popular and pressured by big operators to make it unlawful (at state level). But for casino hold'em (and variants), it's still debatable AFAIK, regarding the significance of skill in the game. Anyway, people generaly don't care about online gambling prohibition at individual level. But, legal status can still beneficial to expand the market.

[pakhitheboss]

Don't know about governments asking it's people to gamble but people would certainly be much more attracted to online gambling in such circumstances. There are no clear future and people have very less thing to keep them entertained. Both of which makes gambling less risky and preferable.

Actually the government will be doing it. They will need funds to activate the economy and the best way to do so is by allowing people to gamble more and tax them.

Countries that are affected by the virus will take minimum six month to a year again to restart the economy, so things will change a lot in coming days.

[Casdinyard]

Don't know about governments asking it's people to gamble but people would certainly be much more attracted to online gambling in such circumstances. There are no clear future and people have very less thing to keep them entertained. Both of which makes gambling less risky and preferable.

For those people who want to save time on traveling for example a 10 kilometer distance from home to physical casino, then they might consider online gambling rather than going everyday for 10 kilometer travel distance. But for people who does want a real casino experience, those who are motivated with such noise in the casino, any distance is not a problem. However in times like this? Online gambling is booming due to the fact that we are in a state of lock down or quarantine, so I guess the only left choice if you want to gamble is the online.

[arwin100]

Don't know about governments asking it's people to gamble but people would certainly be much more attracted to online gambling in such circumstances. There are no clear future and people have very less thing to keep them entertained. Both of which makes gambling less risky and preferable.

For those people who want to save time on traveling for example a 10 kilometer distance from home to physical casino, then they might consider online gambling rather than going everyday for 10 kilometer travel distance. But for people who does want a real casino experience, those who are motivated with such noise in the casino, any distance is not a problem. However in times like this? Online gambling is booming due to the fact that we are in a state of lock down or quarantine, so I guess the only left choice if you want to gamble is the online.

Online casino is time saver since they can make the games instant at your house but the scenery and real impact of playing in real life is really different  and the intensity of games is so high compare to online gambling, but as of now we don't have a choice really since we cannot get out on our house and for sure the traffic on online casino got even more higher this days.

But I don't think by this it can make more states legalize the online gambling since in other hand this is still illegal and every state wants to protect their citizen from gambling addiction.

[mu_enrico]

But I don't think by this it can make more states legalize the online gambling since in other hand this is still illegal and every state wants to protect their citizen from gambling addiction.

I understand if the argument is about games like dice, roulette, slots, etc. when people can play non-stop and get in a self-destruct mode. However, for sports betting, the argument then becomes weak since most people (IMO) only bet on their favorite team or big matches. The case of PASPA is about preventing scandals AFAIK, so it's weak.

[Wexnident]

Legalizing online casinos both have merits and demerits and honestly, just like what others have mostly said, it could disrupt the economy of a country since their money basically goes to a foreign country, which is honestly not favorable in terms of the development of their own countries. Still, there is a chance for a select few to actually become legalized, somehow like a central power. One that could basically prevent the said problem, though I don't really know much about it to preach it.

Additionally, I doubt offline gambling would disappear. It's a pretty big part of a country and I doubt they'd just goo up and disappear because of the sudden spur of online gamblers. Sides, it is what you have said already, the spur was caused by Covid-19. People literally have nothing to do, so why not gamble right? Then what if a vaccine was made? People would turn back to their jobs and a majority of those new online gamblers would probably leave. I'd guess only a minority would actually retain their gambling tendencies.

[Lorence.xD]

I think that is a good thing but in my opinion, legalization of more online casinos tend to create more competition which in turn cause people to play at different sites, I know that Las Vegas has a lot of casinos but I think that is not the case here for online casinos because there are still few people (if we compare it to real casino players) that are playing and knows about online casino, I ain't against legalization but the problem here is that we should first make more public relations so that we can let in more players that will in turn if it reaches a peak number of people then they will naturally find more variety and in turn new casinos will pop up for the demand, to sum it up, we need to increase demand before the supply.

[AniviaBtc]

Regarding traditional Casinos, they should continue their activities once the Covid19 is controlled. Some many employees and businesses benefit from its activities and it is an important piece in the development of the tourism sector.

But you still didn't answer the question above, buddy.

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

What's your answer @verita1?


Well. In my opinion, traditional casinos will survive because they have already had regular visitors (gamblers). Moreover, some of them are established casinos with great popularity. So, I believe the legalization of online gambling seems to not have big impacts on them. In addition, traditional casinos have something different than online gambling. You won't see crowded people, magnificent building, and play directly on the games on online gambling.

This will become the best time for the online gambling casinos to become more popular and I know that this gambling platforms will really benefit this pandemic. But hopefully, this pandemic ends as soon as possible so that there are people who can maintain the importance of our traditional casinos.

Loyalty to a traditional casinos are really important because this pandemic is only temporary and not for a long lasting gambling experience.

After this Covid-19 virus, everything will go back to normal, so most probably, people will go back on the things that they are used to in gambling because it is much fun playing a game with your friends and you can socialized inside a casino to lessen the stress brought by the gambling.

Government should legalize on line gambling so that people who wants to be entertained and gamble should have a platform where they can reduce their stress and enjoy this quarantine in their houses. It will probably make them stay inside the house more.

[swogerino]

I think the governments are too busy figuring out which are the best next steps in the fight against Corona Virus.
I don’t think they are concerned about what is going on in casinos and least they are thinking to legalize online casinos in this moment.I don’t think the situation will impact such decision and I think it is not going to happen.

[erep]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

The increase in the economy amid a pandemic crisis does not make the government instantaneously legalize online gambling. This discussion may be the main subject of discussion in the economic debate so that the government more considers online gambling. But in the next few months, online gambling also does not get a certificate of legality because it must discuss many things before the legality is announced.

Traditional (offline) gambling will remain eternal. You know the conventional gambling system in small places continues.

[crwth]

Great opportunity for the people who are pushing the buttons with regards to legalizing online gambling. These would solidify the dominance of the popular casinos when they get the place of operations sanctioned. Then people would start to go and gamble more into their online casino and dominance again.

It wouldn't be possible to replace the land-based casinos because it's already there and is built. I'm not sure they would be willing to give up on the building and what they have achieved so far. The possible thing is that they would venture out into online gambling, and with their experience, I think it would be easy on their part.

An addition to my thoughts. I think there's a bias towards the online gambling platforms because no one can go to the land-based. What I'm saying is is that, since we need to stay at home, that's where our opinion lies. Let's see once this is finished and discuss again.

[onrise]

Don't know about governments asking it's people to gamble but people would certainly be much more attracted to online gambling in such circumstances. There are no clear future and people have very less thing to keep them entertained. Both of which makes gambling less risky and preferable.

For countries where gambling is illegal would continue the same way and do not think could bring any change because then it would be like when online is legal so why not make it legal for casinos to operate as well. And for countries where it is legal and if online is not legal those can think of making it legal as it would generate revenue for the government at this point of time.

[bitcoin31]

If they gonna legalize online casino to their country or promote it many people will going to play for sure.
But I guess traditional casino will gonna survive because not all people are want to play there instead of playing but online gambling is more good to choose right now instead of traditional even the locdown is end online is still good for me.

[fortunecrypto]

They seen the potential of gamblers shifting to online gambling so they might do that, they need more tax they want to impose and by allowing it they can support this old industry that was neglected and government instead focus on casinos, which are not giving them revenues on time like this.

[Vaculin]

The situation is just temporary but I am not really against with legalizing casino because this gives good revenue to the government, people will lose, it doesn't matter as long as they enjoy what they are doing, what the government has to do is to spread awareness on how risky gambling is than banning it or making it illegal.

if gambling is to be illegal, then there should be no legal gambling, most legal gambling are sponsored by the government so that does not really make sense to be if the purpose is to prevent people from gambling.

The situation has open up the mind of the regulators and hopefully more online casinos will be legalized as this would help crypto online casinos to get its adoption as well.

[leea-1334]

Well, to be honest I wasn't aware that in so many countries online casinos are not legalized. Of countries, government like any way to get money for their budgets and if this crisis lasts for longer time they will have no choice.  Like in many other aspects of our lives virtual space and new technologies are the solution.

Me too. I mean I know muslim countries do not have it but that is just religion and nothing to do much with secular law,,, did not realize they just do not like online gambling. I wonder why? They have to know people are doing it anyway.

[cabron]

Well, to be honest I wasn't aware that in so many countries online casinos are not legalized. Of countries, government like any way to get money for their budgets and if this crisis lasts for longer time they will have no choice.  Like in many other aspects of our lives virtual space and new technologies are the solution.

Me too. I mean I know muslim countries do not have it but that is just religion and nothing to do much with secular law,,, did not realize they just do not like online gambling. I wonder why? They have to know people are doing it anyway.

The Bible says so and so probably the Quran as well. I don't hear reports Muslims busted for illegal gambling though so they must have been abiding solemnly.

I was surprised that online casino in Russia is not legal just as it's not in China the fact that on TVs they are the ones who manage casinos.

[harizen]

I was surprised that online casino in Russia is not legal just as it's not in China the fact that on TVs they are the ones who manage casinos.

That's why these owners are operating outside the restricted area just like here in PH.

Lots of unlicensed casinos already busted here on which the majority of operators are Chinese.

They seen the potential of gamblers shifting to online gambling so they might do that, they need more tax they want to impose and by allowing it they can support this old industry that was neglected and government instead focus on casinos, which are not giving them revenues on time like this.

Much better if they will address that issue after the pandemic virus crisis.

They will able to compare the activity between "during and after".

[panganib999]

Well, it seems to be not a surprise anymore since casinos are temporarily closed up to this time because of the implementing lockdown, people tend to stat indoors and no one can go into casinos to play so the most convenient and only option possible this time is to get into diving with an online casino to continue the habit of playing gambling or casino games through any devices that are capable of connecting into an internet source to play online casino. Well, it is possible that with the current situation we have right now, it is not a surprise that legalization of online casinos will rise up because it is pursuing to meet the demand of people who are into playing in a casino to continue playing even indoors because of this pandemic. It is known that casinos are one of the major tax payer in a country or state so no wonder why states will consider legalizing online casinos at this current situation.

[iTradeChips]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

Of course traditional casinos will survive. The reason for this is because Casinos depend on tourists rather then the locals in an area. They will be able to move from place to place, tourist spot to tourist spot, casino to casino and be able to experience the thrill of the game. Of course they need to follow protocols given by the government to ensure safety in this pandemic period. Also traditional casinos bring money into the government coffers and in turn use it for government projects that help people. Online gambling in my opinion is a totally different ballgame altogether. Anybody can join online casinos and also I think it is high time for the online casinos to be legalized as it is also a money generator for the government.

[Swordsoffreedom]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

Of course traditional casinos will survive. The reason for this is because Casinos depend on tourists rather then the locals in an area. They will be able to move from place to place, tourist spot to tourist spot, casino to casino and be able to experience the thrill of the game. Of course they need to follow protocols given by the government to ensure safety in this pandemic period. Also traditional casinos bring money into the government coffers and in turn use it for government projects that help people. Online gambling in my opinion is a totally different ballgame altogether. Anybody can join online casinos and also I think it is high time for the online casinos to be legalized as it is also a money generator for the government.

yes, casinos are most often depending on tourist activity. Tourists come to Physical Casino and invest a lot of money in gambling. If government legalize online casino, I don't think that it will have an impact on the real-life casino. I think government take the right decision for this critical period. In this pandemic period going to casino is risky now, so government legalize online casino, so that you can gamble at home, no need to go to the casino, so there is no risk of coronavirus.

[Twentyonepaylots]

Do you agree the government will legalize online gambling? If yes, will traditional (land) casinos survive?

Of course traditional casinos will survive. The reason for this is because Casinos depend on tourists rather then the locals in an area. They will be able to move from place to place, tourist spot to tourist spot, casino to casino and be able to experience the thrill of the game. Of course they need to follow protocols given by the government to ensure safety in this pandemic period.

I might no agree to this, maybe what you are referring to is the casino is famous states like LA, Vegas, Cali, etc. coz base on my personal experience every time I go a casino I always see the same faces especially the older guys in tucked in polo shirt, chubby belly and a mustache lol. But tourist also add as a factor of a crowd especially in the said cities where gambling entertainment is one of the chamber of their economy's heart. Too bad we got a pandemic this year, its been months since I haven't got outside to play.

Also traditional casinos bring money into the government coffers and in turn use it for government projects that help people. Online gambling in my opinion is a totally different ballgame altogether. Anybody can join online casinos and also I think it is high time for the online casinos to be legalized as it is also a money generator for the government.

It's all about money. Have you heard the news about Vegas' mayor trying to reopen the hotel, restaurants, bar and casinos? Coz basically that's the fuel of their economy and won't let it loosen up. The best solution for any gambler now is the online version, highly accessible and have many promotions.

[nakamura12]

If a country legalized online casino then many physical casinos in that country would build an online platform for those who don't want to come and gamble physically especially at a time like this where a pandemic happening right now. In my opinion, it will be a good idea to physical casino owner that wanted to have online platform if the government will legalized online casino.

[carlfebz2]

If a country legalized online casino then many physical casinos in that country would build an online platform for those who don't want to come and gamble physically especially at a time like this where a pandemic happening right now. In my opinion, it will be a good idea to physical casino owner that wanted to have online platform if the government will legalized online casino.

They would surely do such thing since they do have the money to built on and as for the sake of getting some income or profits then they will include that field and would surely compete on currently existing online casinos on that specific country.

Physical casinos would be still there because there would be people who would really love or do seek on places like this but for now we are on a pandemic situation then online thing would be the new normal.

Legalization would be likely to happen because we know that gambling industry does give out significant contribution when it comes to taxation
and thats what government needs to improve out their economic state.

[jademaxsuy]

I don't think the chances of getting legalized is low as of now because of pandemic but if there is no covid-19 it might happen that online casinos legalized. I'm sure physical casinos would find a way to earn money to earn profit even if there is pandemic and as what carlfebz2 said online casinos would be the first choice to pick while still in pandemic.

[shoreno]

I don't think the chances of getting legalized is low as of now because of pandemic but if there is no covid-19 it might happen that online casinos legalized.

legalization has nothing to do with covid but many consider gambling is an addictive activity so they dont legalize it .

 i dont know to some maybe that they give exception by this only because physical casinos are still not operating   but once everything has returned to normal there is also chances that they will not legalized online casinos again  , this is why i dont think online casinos can replace the physical ones   . 

[mu_enrico]

legalization has nothing to do with covid but many consider gambling is an addictive activity so they dont legalize it .

It is actually. In 2009, the Illinois govt passed the video gambling act to boost tax revenues from gambling.
https://youtu.be/_Wb2Rddn3nk?t=221

But, as always, they missed the projected revenue from gambling taxes. lul

[Vishnu.Reang]

The clientele is going to be different for both the physical casinos and online casinos. Online casinos are mostly visited by the youth and the middle-aged. Those who visit the physical casinos are very unlikely to shift to the online casinos, even if the latter remain closed. So I don't foresee much opposition coming from the physical casino owners.

[carlfebz2]

And we are already seeing the start of this legalization of Online casinos which had already happened on Ohio recently.

For more discussion you can visit up this thread https://bitcointalk.org/index.php?topic=5252073.0 or

visit out the link: https://www.daytondailynews.com/news/bill-legalize-sports-betting-advances-ohio-house/lNuqupQW7VrAGCXbkMrF4I/

It wont be a surprising thing if we would see another in upcoming days,weeks or months.

[mu_enrico]

Well, as predicted, the government desperately needs money in this situation. As I said, sports bets seem to be the focus, so we can expect more states will legalize it. Online casinos, however, still in a gray area because it will cause lots of gambling problems if they are not careful. Games like slots, casino hold 'em, blackjack, etc., are highly addicting.

[Bitcoinislife09]

Well, as predicted, the government desperately needs money in this situation. As I said, sports bets seem to be the focus, so we can expect more states will legalize it. Online casinos, however, still in a gray area because it will cause lots of gambling problems if they are not careful. Games like slots, casino hold 'em, blackjack, etc., are highly addicting.

Something is off at online gambling good than going in a casino these days even though we know that the government is just losing money so they are doing this kind of moves, this is still better than allowing the casinos to open and allowed people to gamble. I guess as to the COVID-19 still rolling out the blockchain technology or bitcoin is becoming more accepted in a lot of places I think allowing online casino is going to help the trend in cryptocurrency.