Online Gambling Profits Rise, Massachusetts Wants In

The state of Massachusetts wants to legalize internet gambling, but the process might take longer than expected.

Massachusetts has recently announced its intention to join the ranks of states offering internet casino licenses. Don’t get too excite yet, though. It’s been taking them forever to hand out their three land-based casino licenses, which means going live with gambling services won’t happen anytime soon.

“The time is now, it’s upon us,” Massachusetts Gaming Commission chairman Stephen Crosby told local reporters. But three casino licenses are still waiting to be handed out later this year and the idea of legalizing online gambling will not be discussed until the matter is settled.

State Senator Stanley C. Rosenberg said a study should be done before local authorities consider adopting new internet gambling laws.

NJ strikes gold with online gambling

Online casinos in the US state of New Jersey have been operating for four months now and the industry is doing better and better. February meant another 8.9% increase in profits, with total revenue now reaching $10.3 million. Not bad at all! Meanwhile, land-based casino profits have dropped 6.2% on a year-to-year basis, to $199.1 million.

Borgata, a joint venture between Boyd Gaming and MGM Resorts, remains the state’s most successful online casino operator. The company’s internet revenue reached $4.09 million, 40% of the state’s total profits.