Slow to expand, internet casino gambling is the future of US betting, industry execs say

By WAYNE PARRY
Associated Press

SECAUCUS, N.J. (AP) — 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. Industry executives spoke Wednesday at a gambling industry conference in New Jersey. They acknowledged the difficulty they’ve had in expanding the legalization of online casino games. Yet they remain certain that the future of gambling is online. That’s particularly true as federal post-pandemic budget aid dries up. Internet betting also faces claims from some gambling companies that online betting is cannibalizing revenue from physical casinos. But others just call that competition.