Colorado Online Gambling Might Take Off soon

The rise of online gambling has been relatively stifled in the past couple of decades. This is something that is particularly strange as this industry continues to boom throughout the world. Still, it seems that many states are now looking into joining the ranks of those countries that are offering online gaming, and the Colorado online gambling industry is no different. As each new state jumps on board, this is only convincing more to do the same.

Colorado Looking To Join Delaware, New Jersey and Nevada

The past three years has seen Delaware, New Jersey and Nevada offering internet-based gambling, and lawmakers in Colorado are looking into making a shift as soon as 2014. Many casino giants are considering looking into Colorado, although if this is to happen, legislation will need to be put in place to support it. The prospect of this move has many casinos excited, however, as a few of them are already looking into this matter.

Is There a Market in Colorado for Online Gambling?

One of the questions that needs to be raised before a decision can be made as to whether the Colorado online gambling market is a lucrative one is whether gamblers in this state will be interested in playing in an online casino. Recent apps that have been marketed in Colorado and are based around the concept of online gaming have proven to be extremely popular in this state. This is a strong piece of evidence that online gaming will be popular within this state. It is also clear that many residents of Colorado are big supporters are casinos based in Las Vegas, which shows their interest in this field.

At this point in time, many of the popular online gaming apps that are being used to gouge the interest that Colorado has with regards to gambling online aren’t accepting real money. The experts state that these platforms can actually be converted to real money apps when the time comes, but this most likely won’t happen, at least not with the apps that are already in place.

Following In Nevada’s Footsteps

Nevada has been authorized to allow online players within the state to access its internet-based casinos, although the games are limited to online Poker. Colorado is watching how Nevada deals with this shift, and the challenges that come with it, as they go about determining whether or not to follow suit.

At the moment, there are legislators who are looking into the matter, although one of the main concerns is the compact that online gaming could have on land-based revenue. It is estimated that online casinos within this state could end up generating close to $40 million within 5 years after being instated, making the prospect all the more exciting. While legislators continue to consider the matter, prospective players can only wait patiently for the results.