Consequences of Possible Online Gambling Legalization in Colorado

10 January 2014

Colorado entrepreneurs and online casino software development companies could start planning to open their internet gaming sites. Several Colorado regulators are expected to push for a new bill that will legalize the industry, sometimes during this month. Up to now, many discussions have appeared regarding how online gambling could put its mark on the economic, social and politic situation in Colorado. The biggest problem that could appear would be that internet gambling sites could make many individuals lose their jobs.

Despite the fact that gambling entrepreneurs could start internet gaming sites by purchasing products from online casino software development companies, the ones who are expected to be influenced in a negative way are people who work for companies that own land casinos. At this point in time, the land-based casino industry in Colorado offers 27,000 jobs to residents of the state. Individuals who work for these gambling establishments are paid higher than employees who have similar jobs in near-by areas.

Recent reports revealed that this year could be the one during which Colorado will start a more aggressive push for internet gambling legalization, in order to keep up with Nevada, Delaware and New Jersey, which already regulated the industry. Colorado gambling opponents said that online casinos would not only affect local jobs, but also individuals who are struggling with financial problems, due to the fact that they would have higher access to gambling games.

Even so, no less than $3 billion were spent by American citizens at offshore casino gambling sites. This is a clear sign that whether or not the industry will be regulated in the US, gaming enthusiasts will always find a way to play their favorite games online. Gaming entrepreneurs and online casino software development companies are looking forward to seeing which of the American states will be ready to legalize internet gambling in the near future.

10 January 2014

Top Articles

23 February 2024

As a casino operator, you're always looking for ways to keep your players engaged and loyal. Enter gamification: a strategy that brings the engaging elements of video games into the online casino world. Think of it like...

25 October 2023

In the ever-evolving landscape of online gaming and entertainment, the demand for innovative and captivating sweepstakes social casino solutions continues to grow. While the United States has witnessed a burgeoning interest...

1 February 2023

Creating an online casino and starting a business in the iGaming industry is a great option for entrepreneurs who are interested in making a successful investment. The constantly-growing casino market is tempting, mostly...

21 June 2020

What is a payout percentage? Return to player or payout represents the percentage of the total bet amount that the casino has returned to the players, as wins. The value displayed on our website and inside our games...

10 February 2018

The first step towards starting an online casino which operates with real money is obtaining an online casino license. The products that we sell might require a casino/gambling license depending on the jurisdiction in which...

26 January 2018

Being considered just a virtual-world currency and not being legally recognized as a real money currency by any state in the world is the biggest advantage of Bitcoin. Using it as a currency for your casino and accepting...

20 May 2011

Guide about how to start your online casino website now Using our products, you get the opportunity to start your online casino website in 24 hours, without having to pay any monthly fees (you get to keep 100% of...