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U.K. Casino Sites Could Get Boost From U.S. Online Gambling Developments

Both Markets Could See Growth From Additional States In Mix

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Gambling in the United Kingdom is at record levels, with about £13.8 billion ($18 billion USD) a year being spent on the activity, according information from the country’s gaming regulators.

The U.K. Gambling Commission said that about £4.5 billion ($5.8 billion) now comes from all forms of online gambling on casino sites, an increase of about seven percent from the £4.2 billion ($5.4 billion) won between April 2015 to March 2016.

Online gambling represents a third of the overall gambling market, with internet slots (£1.6 billion) representing the largest component in terms of any single offering. Brick-and-mortar casinos contributed nearly £1.2 billion ($1.5 billion) to the total.

Online casinos in the U.K. represented 29 percent of the overall market between April 2014 and March 2015, so online gambling is driving growth in the industry.

Earlier this month the U.S. state of New Jersey announced that it would be partnering with Nevada and Delaware for online casino player-pooling. The Garden State is also in talks with the U.K. about sharing players. New Jersey online gaming revenue is projected to hit $240 million this year. It’s just the fourth full year since launch.

The U.K. represented around 10 percent of the entire European online casino market as of a few years ago, according to research from Deloitte. Growth for online casinos there has been more than 10 percent annually. The number of online gamblers in the U.K. was estimated at more than two million. The entire population of New Jersey is roughly nine million.

Officials are still discussing how the regulations would mesh together, how the tax rate from each jurisdiction would be applied, as well as player ID and geolocation issues.

Last week the state of Pennsylvania legalized online casinos, and it too could team up with the aforementioned jurisdictions for pooling online poker liquidity.