In recent news, we’ve learned that the Pine Tree State is one signature away from passing a bill that could see ripple effect around the country. And, of course, on the online gambling industry sector across America too.
Indeed, on June 20th Maine lawmakers sent a bill to Gov. Janet Mills for approval. The bill proposes a statewide expansion to allow sports betting. But it also comes with a special clause that would enable iGaming operators to buy Tethered- Free licenses for $20,000.
Naturally, some believe that if the bill passes, well it could have a serious impact on Atlantic City. In the long run. While others aren’t concerned given the fact that Maine is the 42nd most populated state in America. And only 1,335,907 residents can’t compete with NJ’s population of 9 Million.
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That extra special clause
The special clause in the bill is truly ground-breaking and totally different from the one in place in Atlantic City. As you know, the current Garden State law says that all online operators must have an affiliation with a land-based casino. And land-based casinos can only have a specific number of white labels too.
Essentially in AC’s market, this translates into deals between giants like Betfair Casino with Golden Nugget, and Virgin with Tropicana casino per example. But under Maine’s new bill, these foreign online brands could operate legally. And without an affiliation with a brick and mortar establishment.
All and all, some believe that this clause would enable Maine to take the lead in the digital world. They could, also, attract investment that previously would have gone to New Jersey.
Nail biting across the industry
While Maine proposal bears some similarities with NJ current regulation. The special clause could have ripple effects across the country. In fact, many states in New England are looking to pass bills too. And perhaps Rhode Island and Connecticut who are currently drafting theirs could include that special clause too. And consequently, create more digital opportunities for new investors as well. Let’s see, time will tell…