Column: States aren't seeing big returns from Internet wagering

Lost in the heated rhetoric over the expansion of Internet gaming is a harsh reality.

Legal online wagering has not been the financial windfall many analysts predicted.

Initial returns from the three states that enacted Internet gambling laws are not overflowing the balance sheet.

New Jersey’s online revenue is a letdown. Delaware’s figures are inconsequential.

Nevada won’t break out online poker revenue on a monthly basis until at least three websites accept bets. The third site was unveiled last week, meaning February’s statewide gaming revenue totals — which won’t be known until late March — will provide a small window into the extent of the activity here.