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Next Generation Gamblers

Several US states have really begun to consider the profitability of legalizing and expanding forms of internet gambling. New York State has actually joined the trend alongside states like California, Florida, Iowa and others in the possible development of online casino poker and betting interests. Joe Lentol, a New York Assemblyman, is heading up the efforts within the state and his rationale is actually pretty sound. The New York government has just opted to no longer support the Off Track betting parlors in the state; more specifically the state government did not approve a proposed bailout that was likely the only way that this industry could have hoped to survive. Lentol’s key argument for supporting more progressive and liberal forms of land and online casino gambling stem from the current wave of gamblers and their wants and needs.

The gambling industry has changed greatly over the past several decades but yet the US states, and the federal government even have not readily changed as rapidly as the industry. Off Track Betting harkens to a time in the past when this form of betting was quite popular and the industry could support itself without any government help and subsidies. That is just not the case any longer, the new generation of gamblers are very keen on poker and even the online casinos see a lot of action. The young gamblers are more likely to seek out offshore online casino sites to take their poker gaming action than they are to wager at an off-track betting facility.

And that being said, Petrol also feels that New York is losing a strong revenue stream as Off Track Betting phases out. There is potential and space in the current land market in particular, and also for the online casino poker sites, for huge growth. New York also has the ability to stem the flow of gambling dollars out of the state by liberalizing the market and adding forms of gambling that better speak to the current generation.