If you want to do some gambling in person, like going on a gambling trip to Las Vegas and Atlantic City, you would really only had those options up to now. Las Vegas is the obvious choice, and you could also throw Atlantic City into the mix. But not only have online sportsbooks taken a chunk out of their revenue stream, but there are more gambling destinations popping up as states are looking to cash in.
States in the Midwestern United States, such as Illinois, Ohio and Pennsylvania, are starting to build casinos and other types of gambling establishments because, as we all know, the American economy hasn’t been the greatest in recent years. They have obviously looked at the blueprint that Nevada and New Jersey have designed and while many people still think gambling is immoral and has no place in the world, states need money and this is an easy way to get it.
Gambling tax revenue has been going down in both Vegas and Atlantic City over the past few years as more states are getting in on the action, and it isn’t likely to ease up anytime soon.
You can look at places like Delaware, New York and West Virginia as just a few examples of states aiming to expand their gambling laws, and that doesn’t bode well for Vegas and Atlantic City. They’re used to having a stranglehold on being a betting destination and now they’re the ones that need to either find a new stream of income, or improve on their current revenues.
Bringing down hotel prices would be one way they could do this, and they’re going to have to figure it out quickly because if players can find somewhere cheaper to do their gambling, they will. Keep an eye out on this situation for both Vegas and Atlantic City.