An iGaming report suggests that ‘the USA’ could easily generate taxes up to $6.35 billion per year from expansion of gambling through the country.
This huge amount of taxes can be generated from igaming companies; only if the United States legalizes online gambling in the country.
Till now, online slots, online gambling and table games are only legal in 6 of the USA states.
If more of the US states could join the iGaming business, they would receive more than $6 billion of taxes annually.
This new report is researched by a renowned regulatory intelligence firm named VIXIO Gambling compliance.
Currently only six of the ‘US states’ allow online gambling, online slots and table games in their states.
These states are Delaware, New Jersey, West Virginia, Pennsylvania, Connecticut and Michigan.
According to the VIXIO research firm, if rest of the American states could join iGaming business then the amount they will get from taxes will be huge.
The latest report says that if all the states which are allowing land-based casinos and mobile casinos could join iGaming then they will generate a whopping $6.35 billion as taxes.
This huge amount of money can be used for public programs without even increasing taxes on other things.
Howard Glaser, the HOD of Light & Wonder says, that if the states that have already legalized land-based casinos and mobile casinos can allow online casino to their states then it will be a great revenue generator.
The money currently is going to other offshore illegal casinos which can be turned back to usa online casinos, he said.
The 6 states that allowed online casinos and turnkey online gaming to their territory received a handsome $970 million as taxes.
The research says that ‘if the rest of the 42 usa states’ allow igaming in their territory then they will do a business of $30 billion annually.
And with 20% tax of the whole, they will receive $6.35 billion tax every year.
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