Casino Statistics and Gambling Laws

The Innovation Group has made a list of top 20 U.S. casino markets for 2012, where the biggest markets are Las Vegas Strip with $6207 billion, Atlantic city with $3052 billion, Chicago-land with $2.243 billion and Connecticut with $1 .230 billion.

The big boom in gaming and gambling in the US has been supported by most states

This expansion has been supervised according to both state and federal gambling laws that ban certain areas limit the means and types of gambling and regulate the activity in other ways.

Congress has brought the Casino Statistics that regulate interstate gambling, international gambling, and relations between the United States and Native American territories. Each state is the one that determines what kind of gambling it allows where the gambling can be located, and who may gamble. They also differ in legal gambling ages, where some states require the same minimum age for all types of gambling and in the others it depends on the activity.

We often find law avoiding activities near outside of the state borders of the country which has laws that prohibit, constrain or are tax aggressive against gambling Internet-based gambling on the other hand, brings the gambling to homes and businesses where it can’t be conducted as same activity as gambling.

The states with the largest casino markets are Nevada, New Jersey, Illinois and Connecticut.

There is no country that is more closely associated with gambling than Nevada. Nevada was a gambling center before the first fabled resorts of Las Vegas were constructed legal gambling was available across Nevada from the 1870s. In the 1931, the state seized an opportunity generated by the construction and pending completion of the Hoover Dam and passed Gambling Laws effectively legalizing nearly every form of gambling within the state’s borders. Nevada is one of the few states in the U.S. that currently regulates and licenses active online gambling options. Lately Nevada is focusing on the efforts to introduce regulated online poker.

But the state prefers a federal solution for online gambling instead of a state-by-state solution, so they’ll be waiting for the federal question to resolve.

In the history of us, New Jersey was more permissive of gambling than most other states and lotteries were common there until 1844, when they were banned. They have been used to help pay for the military during the French and Indian War and American Revolution. In 1976 New Jersey voted on referendum and legalized casinos, but restricted them to Atlantic City. In 2012 legislation was signed that allowed sports betting in New Jersey. After some National Associations have filed lawsuits against it, New Jersey was banned from issuing sports betting licenses.

Gambling had an early and prominent role in the story of the state. It was through the lotteries of early settlers, the famous riverboat gambling ships that cruised Illinois in the 1800s and the ubiquitous, the gambling halls of Chicago. Ever since the 1974 and the authorization of a state lottery Illinois has been constantly working on gambling expansion and that resulted in today’s large gambling industry that Illinois has. In 1939 began Connecticut’s legal gaming history. In that year bingo became a law-abiding way for raising money for charity. In 1955 that law expanded to raffles, bazaars and mock casino nights. The lottery was one of the first in the country (1972) and in the 1970s the government sanctioned off-track horse betting, greyhound racing, andjai Alai. The Foxwoods Resort Casino has been opened in 1992 in Ledyard, Connecticut. It’s earning $1.5 billion and it is more profitable than any one casino in Las Vegas or Atlantic City. It has 7,200 slot machines and 380 table games and it’s the largest casino in the US and the second largest in the world.

Author Bio:

GBGC is a private independent gambling consultancy covering all areas of gambling industry trends betting, gaming machines, lotteries, Horse Racing Statistics, bingo and casino. Casino Statistics show that majority of the employees from cities like Las Vegas, Nevada is working for the casinos Online Gambling Statistics show that many players who engage themselves in some online games are often there to have fun.