Pessimistic View Of U.s. Online Gambling

PESSIMISTIC VIEW OF U.S. ONLINE GAMBLING

01st April, 2015 at 07:25:27
Source: http://www.azonlinecasinos.com

Morgan Stanley analysts cut US gambling market estimates by almost 50 percent.

The latest Morgan Stanley assessment of the US online gambling market created a few shivers Tuesday, slashing the analyst's estimate of the potential USA Internet gambling market by nearly half to $2.7 billion by 2020.

The firm attributed its more cautious estimates to slow developments and legislative uncertainty.

The firm's original estimate was $5 billion by 2020, although Morgan Stanley appears confident that by that date 15 US states will have legalised online gambling.

The report is pessimistic on positive new developments in 2015, predicting that there will be no further state legalisations of online gambling this year, but that California and Pennsylvania may manage to achieve legalisation in 2016 and a roll out in 2017, probably followed by New York and possibly Illinois around 2018.

A federal ban on online gambling is unlikely this year, but remains a risk, and one that is growing the analyst points out.

However, the report does suggest that the legalisation of online gambling is ultimately inevitable, and that further state legalisations will create a tipping point, encouraging other states to follow suit.

Related News Tags:



« News index »



RESPIN CLINCH FIRST TIER 1 US CASINO DEAL

15th March, 2017 at 16:08:44
For launch of Rapid Games in-venue mobile games platform.

BETFAIR BREAKS EVEN IN NEW JERSEY

11th March, 2017 at 07:26:29
Profitability in sight as licensed online partnership with Golden Nugget prospers and US television assets grow.

TVG AND TABCORP SUBSIDIARY SKY RACING WORLD EXPAND PARTNERSHIP

10th March, 2017 at 10:19:28
New agreement delivers increased TV coverage of Australian racing on TVG and TVG2.

FOUR NEW LEGALISATION BILLS IN THE MICHIGAN SENATE (Update)

02nd March, 2017 at 09:50:51
Two of the new proposals are from Sen. Mike Kowall, who led the charge last year.

HUUUUGE GAMES ON A ROLL

23rd February, 2017 at 08:37:42
Californian social casino developer has made remarkable progress since launching in 2015.