Crypto Gambling in the USA: Regulations and Trends

The gambling industry within the United States is perhaps one of the world’s most famous in regard to the restrictions and regulations all in place, with many having watched closely in regard to what is happening across the country.

As many will already know, states in the U.S. have their own specific laws and regulations surrounding gambling activities, with each of them allowed to choose whether to permit or continue to outlaw certain activities. Some have allowed online casinos, others have allowed online sports betting; some have even allowed both whereas others have continued to keep a blanket ban in place.

iGaming is trending positively in the U.S.

Nonetheless, the industry has continued to show a significant rate of pace in regard to growth already, though, with it claimed that the iGaming sector is on track to make approximately $92.9 billion in revenue by 2023; an annual compound growth rate of 11.6%. It has been claimed that this has been helped by the emergence of new technologies.

One reason that this may be the case is perhaps due to the rise of cryptocurrency and the ability for gamblers to use a crypto casino to bypass certain restrictions that are in place within the states that they reside in or visit. The decentralized nature of crypto means players are able to enjoy cross-border activities, as they are not subject to traditional finance laws nor are they subject to any other forms of legislation, whilst they are also able to benefit from the security and anonymity features when using digital currency which can help them to enjoy the pastime without fear of consequence.

Indeed, the use of virtual currency has also allowed players to enjoy an array of different games and titles, including slots and classic table games, as well as live dealer variants. This has helped create an upward trend within the country and has perhaps helped those states that also permit the activity to experience a positive impact, too.

What are the regulations of each state?

As we highlighted at the beginning, each state has a license to choose whether they wish to permit gambling within its borders, and some have since decided to make the most of it by activating their right to do so.

Let’s take a look at some of them in a little detail:

Nevada – gambling is only available with a license, with the Nevada Gaming Control Act regulating all casino-related things. Lotteries are the only type of game to remain prohibited, whilst betting on horse racing remains limited.

West Virginia – betting or playing a casino game in exchange for rewards is counted as a misdemeanor. Lotteries, piker, horse racing, chess, bowls, and other games are permitted, though. Slot machines, gaming tables, and keno tables are off-limits, though.

Colorado – the state permits wagering activities including slots, blackjack, roulette, and bingo but each game is strictly regulated by the government. Online poker, casino games, and sports betting remain banned.

Delaware – Delaware will allow punters to enjoy slots, blackjack, poker (in licensed areas only), lottery, Bingo, on-track racing, and a few table games, but anything not mentioned is strictly prohibited.

Michigan – regulated by the Michigan Gaming Control Board, wagering has become stricter in years, however, players can still enjoy slots, roulette, poker, craps, blackjack, and other table games legally within the state’s borders.

Indiana – gambling remains under very strict rules in Indiana, although players can still play at venues including Charity Gaming, Gaming at racetracks, horse racing, lottery, Type II Gaming, and Riverboat Casinos.

Illinois – players who wish to gamble whilst in Illinois can do so, but they need to ensure they only play with licensed casinos.

Pennsylvania – gambling is legal in a number of forms in the state, but it is important to note that illegal gambling comes with a first-degree misdemeanor charge and a fine of up to $10,000. Only video poker games are considered illegal, though, whereas sports betting and online casino games are permitted.

New Jersey – perhaps one of the most famous states in the U.S. other than Nevada to permit gambling, New Jersey allows all forms of gambling to take place within its borders. It is illegal, though, to wager on college games that take place in the state.

Are there states that online gambling will likely remain illegal?

For some, it would seem highly unlikely to see gambling ever become legal within certain state borders, with places such as Utah and Hawaii.

Utah has a highly Mormon population which are highly religious, therefore wagering is considered a sin thus the state has a blanket ban, whilst Hawaii is considered to be a rather family-orientated state, and there is a fear that allowing gambling to take part on their island could have a detrimental impact on that way of life.

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